Transactive Trade - Export Letter of Credit – ANZ Digital Services Help

Geography: This article is applicable for ANZ Transactive - Global customers banking in all ANZ geographies.
Full details are available in Features by Geography.

Export Letter of Credit Overview

ANZ Transactive Trade allows you to view and manage your Export Letter of Credit (Export LC) portfolio online. You can view Advise and Amendment activities, add Confirmation, correspond with ANZ through mail messaging, respond to Discrepancy Notices, Refinance, Assign and Transfer Export LCs within the application based on your user entitlements. You can also create and maintain reference data, view and download reports; customise company-specific reports; and initiate, view and respond to mail messages.

A Notification will be sent in ANZ Transactive advising you that an Export Letter of Credit has been received.

What is an Export Letter of Credit?

Export Letter of Credit (Export LC) is issued by the importer's bank to the exporter requesting goods or services to be paid by the importer upon receipt of specified documents that comply with the terms and conditions set out in the documentary credit.
Export Letter of Credit is a reliable and secure way for importers and exporters to protect their interests and minimise their respective risks in a trade transaction.

Export Letter of Credit transaction types

Transaction types that can be associated with an Export Letter of Credit (Export LC) instrument are as follows:

TRANSACTION TYPE	DESCRIPTION
Advise	An instruction outlining the terms and conditions set out in the Export Letter of Credit.
Acceptance	An Acceptance indicates documents presented for an Export Letter of Credit with Payment Terms = Available by Negotiation, and the documents are accepted. This transaction will generate a ‘Time Instrument’ prefix reference of ‘BX’ and used with subsequent communications about the acceptance.
Adjustment	Collection or refund of fees, charges or other miscellaneous amounts.
Amend	An amendment to the Export Letter of Credit instrument instructions.
Assignment of Proceeds	Assign all or part of the proceeds from an existing Export Letter of Credit to a third-party beneficiary.
Change	Updates or corrections by the bank to the underlying Export Letter of Credit.
Create Usance	Associated to the Acceptance processing, this transaction will generate a ‘Time Instrument’ prefix reference of ‘BX’ and used with subsequent communications about the acceptance.
Deactivate	An Export Letter of Credit is deemed inactive 15 days after the expiry date. Any outstanding liabilities for the Export Letter of Credit will be cleared.
Deferred Payment	Deferred Payment indicates documents presented against an Export Letter of Credit with Payment Terms = Available by Deferred Payment, and the documents are accepted. This transaction will generate a ‘Time Instrument’ prefix reference of ‘PX’ with subsequent communications about the acceptance.
Discrepancy Notice	A notice that discrepant documents have been presented under the Export Letter of Credit.
Doc Examination	Review documents prepared under an Export Letter of Credit.
Expire	Indicates the Export Letter of Credit has expired.
Liquidate Usance	Payment for the Acceptance / Deferred Payment.
Payment	Export Letter of Credit payment or closure.
Reactivate	Reopen a deactivated Export Letter of Credit.
Request Finance	Request financing against an Export Letter of Credit. This transaction with generate a finance prefix reference of 'EF' and used with subsequent communications about the Export LC Finance.
Settlement Instruction Response	Provide Payment instructions for an Export Letter of Credit or Acceptance/ Deferred Payment.
Transfer	Transfer an existing Export Letter of Credit to a secondary Beneficiary.

Context Panel menu

Context Panel menu presented on the right of the transaction screen will be visible to the user based on the Transaction Type, Workflow Status and the User's Entitlements. See the example below:

Discrepancy Context Panel.png The Context Panel buttons displayed will depend on the Export Letter of Credit (Export LC) transaction screen you are accessing, the workflow status and your user entitlements.

BUTTON	DESCRIPTION
Attach Document	Click to attach supporting documents to the transaction in DOCX, PDF and XLSX.
Authorise	Click to Authorise the transaction. Transactions may require multiple Authorisation based on your Organisation's signing mandate.
Authorise and Delete	Click Authorise and Delete to authorise the transaction and delete the message from Mail Messages.
Close	Click to close out of the transaction.
Delete	Click to delete a mail message, notification, transaction, etc.,
Delete Document	Click to delete any attached supporting documents.
Edit	Click to edit the details of a transaction before the transaction is authorised.
Print Finance Request	Click to print the finance request instructions.
Reply to Bank	Respond to the bank with further instructions on how to manage the transaction and/or attach supporting documentation.
Route	Click to route the mail message to another user in the Organisation or Subsidiary company.
Route Transaction	Click to route transaction to another user in the Organisation or Subsidiary company.
Save	Click to save entered data in transactions periodically.
Save & Close	Click to save entered data and close out of the transaction.
Send for Repair	Click to send the transaction in a Ready to Check, Ready to Authorise or Partially Authorised status to the user(s) in your Organisation to Repair and update the required details.
Send to Bank	Click to send a Mail Message e.g., Pre-check request, Confirmation Request, etc., to the bank for review and actioning.
Verify Data	Click to verify the data in the transaction details fields. The system will return any errors or warnings for missing or inconsistent information. The transaction will progress to a Ready to Authorise stage when successful.
View Terms As Entered	Click to view the data as entered upon creating and authorising the transaction, with a Processed by Bank status.

Presentation of Documents

Once documents are presented to the bank for the Doc Examination transaction type, the following outcomes can result from ANZ's review of documentation.

Clean Documents

Where documents have been examined and determined to be ‘clean’ free from discrepancies, you will receive an Acknowledgement confirming the documents are processed.

Discrepant Documents

A Discrepancy Notice is a message from ANZ informing you that you have presented discrepant documents under an Export Letter of Credit. You will receive a Mail Message with detailed information about the discrepancies. You can provide your instructions to the bank on how to action the discrepant documents.

View an Export Letter of Credit Discrepancy Notice

Eligible users can view Discrepancy Notice details provided by the bank. To view a Discrepancy Notice, follow the below steps:

STEP

ACTION

There are multiple ways to view an Export LC Discrepancy Notice. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

Respond to an Export Letter of Credit Discrepancy Notice

Eligible users can accept or reject a Discrepancy Notice provided by the bank. To provide instructions for a Discrepancy Notice, follow the below steps:

Request Export Financing

The standard workflow process to create a request for export finance for an Export Letter of Credit is as follows:

Request Export Financing screen

The Export Financing screen provides the mandatory and additional input fields required to submit a finance request.

1. Financing Details

2. Instructions to Bank

Request Export Financing

There are multiple ways to create a request for Export Financing for an Export Letter of Credit. Please choose from one of the following methods:

Method 1:
- Click Transactions from the Application Banner menu, then Request Export Financing
- Search and select the Export LC from the Instrument to be Financed window
- Choose the Transaction Type (Doc Examination) and click Select.
Method 2:
- Open a previous Export LC instrument, then click Request Financing
- Choose the Transaction Type (Doc Examination) and click Select.

1. Financing Details

This finance request will be repaid upon receipt of proceed from the Related Instrument.

STEP	ACTION
1	If required, enter Our Reference
2	Enter Financing Start Date
3	Choose Interest to be Paid In Arrears Upfront
4	Choose Credit Proceeds to: Account Select Credit Account for Principal Debit Account for Interest Debit Account for Charges Address Book party Search and select Address Book party and Account Number

2. Instructions to Bank

STEP

ACTION

If required, enter any Additional Instructions for Bank. Please choose from one of the following methods:

Method 1: Manually enter text
Method 2: If available, Select a Phrase

Attach Documents to an Export Finance

Eligible users can attach supporting documentation to the transaction, such as the format and text to be issued. The documents are sent to ANZ electronically in DOCX, PDF and XLSX, from within the transaction screen.

The maximum document file size cannot exceed 5mb per file, with a maximum of 20 files per transaction. The File Name must be less than 30 characters.

To attach documents, follow the below steps:

Verify an Export Finance

Click Verify Data from the Context Panel menu to validate data input and attached supporting documents. The system will verify that all mandatory fields marked with an asterisk are complete.

If required, click Print Finance Request from the Context Panel

View sample Finance Request tradeform

Authorise an Export Finance

Click Authorise from the Context Panel menu to approve transactions in a Ready to Authorise or Partially Authorised status from within the transaction screen. You can also Authorise a transaction from the Pending Transactions screen.

Follow the instructions below that apply to you:

Authorise via One Time Password (OTP)

STEP	ACTION
1	Press and hold down the < arrow and lock icon on your VASCO security device
2	Enter your 6-digit PIN
3	Press 1 on your device to display the authorisation code
4	Enter your authorisation code, then click Approve RESULT: A confirmation message confirms the transaction(s) is approved. If the transaction requires additional approvals, the transaction status will change to Partially Authorised and remain in this status until all approvals are obtained. If this is the final approval, the transaction status will change to Authorised. If there is an error in the approval process, the transaction status will change to Authorise Failed.

Authorise via Signature Code (SIG)

STEP	ACTION
1	Press and hold down the < arrow and lock icon on your VASCO security device
2	Enter your 6-digit PIN
3	Press 2 on your device and enter the token code from your screen
4	Press the < arrow to display the authorisation code
5	Enter your authorisation code, then click Approve RESULT: A confirmation message confirms the transaction(s) is approved. If the transaction requires additional approvals, the transaction status will change to Partially Authorised and will remain in this status until all approvals are obtained. If this is the final approval, the transaction status will change to Authorised. If there is an error in the approval process, the transaction status will change to Authorise Failed.

Authorise via a Push Notification

STEP	ACTION
1	Tap on the ANZ Digital Key notification on your mobile device to launch the ANZ Digital Key app
2	Tap Log On and authenticate access by entering your PIN, Face ID or Fingerprint ID. The screen will display the details of the request requiring approvals
3	Review the pending request details shown in ANZ Digital Key and tap to Accept or Decline the request
4	The request will be processed and completed. Close the app as no further action is required

Authorise via a QR Code

STEP	ACTION
1	Tap Log On in ANZ Digital Key and authenticate access by entering your PIN, Face ID or Fingerprint ID
2	Tap Scan QR Code on the screen. ANZ Digital Key will switch to camera mode. Use the camera to scan the request approval QR Code from your desktop or laptop computer.
3	Review the pending request details shown in ANZ Digital Key and tap to Accept or Decline the request
4	The request will be processed and completed. Close the app as no further action is required.

Assign an Export Letter of Credit

The standard workflow process to create an Assignment of Proceeds for an Export Letter of Credit is as follows:

Assignment of Proceeds screen

The Export Letter of Credit Assignment of Proceeds screen provides the mandatory and additional input fields required to submit an Assignment request.

1. Terms

2. Other Conditions

3. Instructions to Bank

Assign an Export Letter of Credit

There are multiple ways to create an assignment for an Export Letter of Credit. Please choose from one of the following methods:

Method 1: Click Transactions from the Application Banner menu, then Create Assignment. Search and select the Export LC from the Trade Search window.
Method 2: Open a previous Export LC instrument, then click Assign

1. Terms

STEP	ACTION
1	Enter the Assignee details There are multiple ways to add Assignee details. Please choose from one of the following methods: Method 1: Manually enter the Assignee Name, Address, City, Country or Region Method 2: Click the search icon to choose an Assignee from your Address Book
2	Enter the Assignee's Bank details There are multiple ways to add Assignee's Bank details. Please choose from one of the following methods: Method 1: Manually enter the Assignee's Bank Name, Address, City, Country or Region Method 2: Click the search icon to search and select a Party Name
3	Enter Assignment Amount
4	Choose Partial Payment instructions, e.g.: Full amount of all drawings until the assignment amount has been fully discharged Percentage of any drawing

2. Other Conditions

STEP

ACTION

If required, enter any Other Conditions Text. Please choose from one of the following methods:

Method 1: Manually enter text
Method 2: If available, Select a Phrase

3. Instructions to Bank

STEP	ACTION
1	If required, enter any Instructions for Bank. Please choose from one of the following methods: Method 1: Manually enter text Method 2: If available, Select a Phrase
2	If required, enter Commissions & Charges instructions: Branch Code Debit: Our Account Number Debit: Foreign Currency Account Number Currency of Account
3	If required, enter any Additional Instructions to ANZ. Please choose from one of the following methods: Method 1: Manually enter text Method 2: If available, Select a Phrase

Attach Documents to an Assignment of Proceeds

The maximum document file size cannot exceed 5mb per file, with a maximum of 20 files per transaction. The File Name must be less than 30 characters.

To attach documents, follow the below steps:

Verify an Assignment of Proceeds

Click Verify Data from the Context Panel menu to validate data input and attached supporting documents. The system will verify that all mandatory fields marked with an asterisk are complete.

Authorise an Assignment of Proceeds

Follow the instructions below that apply to you:

Authorise via One Time Password (OTP)

STEP	ACTION
1	Press and hold down the < arrow and lock icon on your VASCO security device
2	Enter your 6-digit PIN
3	Press 1 on your device to display the authorisation code
4	Enter your authorisation code, then click Approve RESULT: A confirmation message confirms the transaction(s) is approved. If the transaction requires additional approvals, the transaction status will change to Partially Authorised and remain in this status until all approvals are obtained. If this is the final approval, the transaction status will change to Authorised. If there is an error in the approval process, the transaction status will change to Authorise Failed.

Authorise via Signature Code (SIG)

STEP	ACTION
1	Press and hold down the < arrow and lock icon on your VASCO security device
2	Enter your 6-digit PIN
3	Press 2 on your device and enter the token code from your screen
4	Press the < arrow to display the authorisation code
5	Enter your authorisation code, then click Approve RESULT: A confirmation message confirms the transaction(s) is approved. If the transaction requires additional approvals, the transaction status will change to Partially Authorised and will remain in this status until all approvals are obtained. If this is the final approval, the transaction status will change to Authorised. If there is an error in the approval process, the transaction status will change to Authorise Failed.

Authorise via a Push Notification

STEP	ACTION
1	Tap on the ANZ Digital Key notification on your mobile device to launch the ANZ Digital Key app
2	Tap Log On and authenticate access by entering your PIN, Face ID or Fingerprint ID. The screen will display the details of the request requiring approvals
3	Review the pending request details shown in ANZ Digital Key and tap to Accept or Decline the request
4	The request will be processed and completed. Close the app as no further action is required

Authorise via a QR Code

STEP	ACTION
1	Tap Log On in ANZ Digital Key and authenticate access by entering your PIN, Face ID or Fingerprint ID
2	Tap Scan QR Code on the screen. ANZ Digital Key will switch to camera mode. Use the camera to scan the request approval QR Code from your desktop or laptop computer.
3	Review the pending request details shown in ANZ Digital Key and tap to Accept or Decline the request
4	The request will be processed and completed. Close the app as no further action is required.

Transfer an Export Letter of Credit

The standard workflow process to create a Transfer for an Export Letter of Credit is as follows:

Export LC - Transfer screen

The Export Letter of Credit Transfer screen provides the mandatory and additional input fields required to submit a Transfer request.

1. Terms

2. Other Conditions

3. Instructions to Bank

Issue Transfer

When issuing a transfer, a new instrument number with an LXP prefix will be generated and linked to the related Instrument ID.
Only the following conditions can be changed when transferring to a Second Beneficiary.

LC Amount
Unit price of the goods
Shipment date
Last presentation date
Expiry date

To Issue a Transfer for an Export Letter of Credit, please follow the instructions below:

Click New Instruments from the Application Banner menu, then Transfer Export LC.
Search and select the Export LC from the Transfer Export LC search window.
- Only transferrable LCs will appear in this list
If required, choose the Bank/Branch from the Bank/Branch Selector

1. Terms

STEP	ACTION
1	Enter the Transferee Name details There are multiple ways to add Transferee details. Please choose from one of the following methods: Method 1: Manually enter the Transferee Name, Address, City, Country or Region Method 2: Click the search icon to choose a Transferee from your Address Book
2	Click the search icon to search and select the Transferee's Bank details
3	If required, enter the Transferee's Reference Number
4	Choose Currency
5	Enter Amount of Transfer
6	If required, enter Amount Tolerance
7	Enter the Expiry Date
8	If required, enter the Latest Shipment Date

2. Other Conditions

STEP

ACTION

If required, enter any changes to the goods description. Please choose from one of the following methods:

Method 1: Manually enter Goods Description text
Method 2: If available, select Goods Description Text Phrase

If required, enter any Other Conditions. Please choose from one of the following methods:

Method 1: Manually enter Other Conditions text
Method 2: If available, select Other Conditions Text Phrase

3. Instructions to Bank

STEP	ACTION
1	If required, enter any Special Instructions for your bank. Please choose from one of the following methods: Method 1: Manually enter Special Instructions for Bank Text Method 2: If available, select Special Instructions for Bank Text Phrase
2	If required, enter Transfer Commissions & Charges instructions: Branch Code Debit: Our Account Number Debit: Foreign Currency Account Number Currency of Account
3	If required, enter any Additional Instructions for Transfer Commissions & Changes. Please choose from one of the following methods: Method 1: Manually enter Additional text for Transfer Commissions & Charges Method 2: If available, Select a Phrase

Attach Documents to a Transfer

The maximum document file size cannot exceed 5mb per file, with a maximum of 20 files per transaction. The File Name must be less than 30 characters.

To attach documents, follow the below steps:

Verify a Transfer

Click Verify Data from the Context Panel menu to validate data input and attached supporting documents. The system will verify that all mandatory fields marked with an asterisk are complete.

Authorise a Transfer

Follow the instructions below that apply to you:

Authorise via One Time Password (OTP)

STEP	ACTION
1	Press and hold down the < arrow and lock icon on your VASCO security device
2	Enter your 6-digit PIN
3	Press 1 on your device to display the authorisation code
4	Enter your authorisation code, then click Approve RESULT: A confirmation message confirms the transaction(s) is approved. If the transaction requires additional approvals, the transaction status will change to Partially Authorised and remain in this status until all approvals are obtained. If this is the final approval, the transaction status will change to Authorised. If there is an error in the approval process, the transaction status will change to Authorise Failed.

Authorise via Signature Code (SIG)

STEP	ACTION
1	Press and hold down the < arrow and lock icon on your VASCO security device
2	Enter your 6-digit PIN
3	Press 2 on your device and enter the token code from your screen
4	Press the < arrow to display the authorisation code
5	Enter your authorisation code, then click Approve RESULT: A confirmation message confirms the transaction(s) is approved. If the transaction requires additional approvals, the transaction status will change to Partially Authorised and will remain in this status until all approvals are obtained. If this is the final approval, the transaction status will change to Authorised. If there is an error in the approval process, the transaction status will change to Authorise Failed.

Authorise via a Push Notification

STEP	ACTION
1	Tap on the ANZ Digital Key notification on your mobile device to launch the ANZ Digital Key app
2	Tap Log On and authenticate access by entering your PIN, Face ID or Fingerprint ID. The screen will display the details of the request requiring approvals
3	Review the pending request details shown in ANZ Digital Key and tap to Accept or Decline the request
4	The request will be processed and completed. Close the app as no further action is required

Authorise via a QR Code

STEP	ACTION
1	Tap Log On in ANZ Digital Key and authenticate access by entering your PIN, Face ID or Fingerprint ID
2	Tap Scan QR Code on the screen. ANZ Digital Key will switch to camera mode. Use the camera to scan the request approval QR Code from your desktop or laptop computer.
3	Review the pending request details shown in ANZ Digital Key and tap to Accept or Decline the request
4	The request will be processed and completed. Close the app as no further action is required.

Amend a Transfer

Export LC - Transfer Amendment screen

The Export LC - Transfer Amendment screen provides editable input fields for an Export LC amendment request.

1. Terms

2. Other Conditions

3. Instructions to Bank

Amend Transfer - Instructions to Bank.png

Export LC - Transfer Amendment

Eligible users can Amend an Export LC Transfer in an Active or Deactivated status, where the terms of the Export LC Transfer have changed.
To amend an Export LC Transfer, please follow the instructions below:

Method 1: Click Transactions > Create Amendment from the Application Banner menu, then search and select the transaction to amend
Method 2: Open the Instrument ID of a previous Export LC Transfer Current Terms Summary screen, then click Amend

1. Terms

STEP

ACTION

If required, amend the transfer Terms. Choose from the following options:

Amount (Increase/Decrease)
New Amend Tolerance
New Expiry Date
New Latest Shipment Date

2. Other Conditions

STEP

ACTION

If required, enter Other Conditions. Choose from the following options:

Select Other Conditions Text Phrase
Enter Other Conditions Text

3. Instructions to Bank

STEP

ACTION

If required, enter Instructions to Bank. Choose from the following options:

Select Instructions for Bank Text Phrase
Enter Instructions for Bank Text

Attach Documents to an Amend Transfer

The maximum document file size cannot exceed 5mb per file, with a maximum of 20 files per transaction. The File Name must be less than 30 characters.

To attach documents, follow the below steps:

Verify an Amend Transfer

Click Verify Data from the Context Panel menu to validate data input and attached supporting documents. The system will verify that all mandatory fields marked with an asterisk are complete.

Authorise an Amend Transfer

Follow the instructions below that apply to you:

Authorise via One Time Password (OTP)

STEP	ACTION
1	Press and hold down the < arrow and lock icon on your VASCO security device
2	Enter your 6-digit PIN
3	Press 1 on your device to display the authorisation code
4	Enter your authorisation code, then click Approve RESULT: A confirmation message confirms the transaction(s) is approved. If the transaction requires additional approvals, the transaction status will change to Partially Authorised and remain in this status until all approvals are obtained. If this is the final approval, the transaction status will change to Authorised. If there is an error in the approval process, the transaction status will change to Authorise Failed.

Authorise via Signature Code (SIG)

STEP	ACTION
1	Press and hold down the < arrow and lock icon on your VASCO security device
2	Enter your 6-digit PIN
3	Press 2 on your device and enter the token code from your screen
4	Press the < arrow to display the authorisation code
5	Enter your authorisation code, then click Approve RESULT: A confirmation message confirms the transaction(s) is approved. If the transaction requires additional approvals, the transaction status will change to Partially Authorised and will remain in this status until all approvals are obtained. If this is the final approval, the transaction status will change to Authorised. If there is an error in the approval process, the transaction status will change to Authorise Failed.

Authorise via a Push Notification

STEP	ACTION
1	Tap on the ANZ Digital Key notification on your mobile device to launch the ANZ Digital Key app
2	Tap Log On and authenticate access by entering your PIN, Face ID or Fingerprint ID. The screen will display the details of the request requiring approvals
3	Review the pending request details shown in ANZ Digital Key and tap to Accept or Decline the request
4	The request will be processed and completed. Close the app as no further action is required

Authorise via a QR Code

STEP	ACTION
1	Tap Log On in ANZ Digital Key and authenticate access by entering your PIN, Face ID or Fingerprint ID
2	Tap Scan QR Code on the screen. ANZ Digital Key will switch to camera mode. Use the camera to scan the request approval QR Code from your desktop or laptop computer.
3	Review the pending request details shown in ANZ Digital Key and tap to Accept or Decline the request
4	The request will be processed and completed. Close the app as no further action is required.

Manage an Export Letter of Credit

View the transactions, advices and acknowledgements associated with an Export Letter of Credit:

Download Advice Terms

Eligible users can view and download advice terms within the instrument's Current Terms Summary.

Create Confirmation Request

Eligible users can create an Export LC Confirmation Request within Mail Messages for an existing letter of credit.

For all other Mail Messages, please refer to Mail Messages and Notifications.

Create Document Pre-check

This service is being provided per the EXPORT DC PRE-CHECK AUTHORITY.
If you have not completed an Authority with ANZ, please contact us for assistance.
For all other Mail Messages, please refer to Mail Messages and Notifications.

Eligible users can create an Export LC Document Pre-check within Mail Messages for an existing letter of credit.

View an Export Letter of Credit - Advise transaction

Eligible users can view transaction details provided within the instrument. You can also view transaction details via Trade Reports. For more information, please refer to Reports in ANZ Transactive Trade. To view a transaction, follow the below steps:

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Advise screen provides a summary of the Export LC submitted by the Importer's bank and processed by the bank and includes the Cover Letter.

Below are the fields associated with the screen:

View an Export Letter of Credit - Amendment

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Amendment screen provides a summary of the Export LC received and includes the Amendment Cover Letter outlining the amended details in a copy of the SWIFT 707 message.

Below are the fields associated with the screen:

View an Export Letter of Credit - Assignment of Proceeds

STEP	ACTION
1	There are multiple ways to view an Export LC transaction. Please choose from one of the following methods: Method 1: From your Home screen dashboard, search and click on a transaction from the grid Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type
2	Click View Terms as Entered to view the data as entered upon creating and authorising the transaction.
3	Click Close from the Context Panel menu.

The Export Letter of Credit Assignment of Proceeds screen provides a summary of the Export LC assignment processed by the bank. Assign - Assignment of Proceeds screen.png

Assign - Assignment of Proceeds screen.png

Below are the fields associated with the screen:

View an Export Letter of Credit - Transfer

STEP	ACTION
1	There are multiple ways to view an Export LC transaction. Please choose from one of the following methods: Method 1: From your Home screen dashboard, search and click on a transaction from the grid Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type
2	Click View Terms as Entered to view the data as entered upon creating and authorising the transaction.
3	Click Close from the Context Panel menu.

The Export Letter of Credit Transfer screen provides a summary of the Export LC transfer processed by the bank. Transfer - Screen.png

Below are the fields associated with the screen:

View an Export Letter of Credit - Doc Examination

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Doc Examination screen provides a summary of the Export LC submitted by the Importer's bank and processed by the bank and includes the Acknowledgement and Discrepancy Advice (if any). View Doc Exam - Summary.png

Below are the fields associated with the screen:

View an Export Letter of Credit - Discrepancy Notice

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Discrepancy Notice screen provides the discrepancy details for the documents presented under the Export LC and includes the Discrepancy Advice.

Below are the fields associated with the screen:

View an Export Letter of Credit - Create Usance

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Create Usance screen provides a summary of the Export LC's Banker's Acceptance processed by the bank and includes the Reimbursement/Payment Advice. Create Usance - Summary.png

Below are the fields associated with the screen:

Create Usance - Reimbursement page 1.png

Create Usance - Reimbursement page 2.png

View an Export Letter of Credit - Payment

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Payment screen provides a summary of the Export LC payment initiated by the Importer's bank and processed by the bank and includes the Reimbursement/Payment Advice. Payment - Summary.png

Below are the fields associated with the screen:

View an Export Letter of Credit - Liquidate Usance

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Liquidate Usance screen provides a summary of the Export LC processed by the bank. Liquidate Usance - Summary.png

Below are the fields associated with the screen:

Liquidate Usance - Settlement Advice.png

View an Export Letter of Credit - Expire activity

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Expire screen provides a summary of the expired Export LC processed by the bank. Expire screen.png

Below are the fields associated with the screen:

1. TRANSACTION SUMMARY
Trans. Status Date	Transaction start date.
Currency	Currency of the Instrument.
Amount	Amount of the Instrument.
2. DOCUMENTS
NIL	NIL
3. COMMISSIONS & CHARGES
Charge Type	Instrument charge type.
CCY	Currency of the charge type.
Amount	Amount of the charge type.
Settlement Method	Settlement Method of the charge type.
Account No.	Account number where the charge type is debited.

View an Export Letter of Credit - Deactivation activity

STEP

ACTION

There are multiple ways to view an Export LC transaction. Please choose from one of the following methods:

Method 1: From your Home screen dashboard, search and click on a transaction from the grid
Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid
Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type

Click Close from the Context Panel menu

The Export Letter of Credit Deactivation screen provides a summary of the deactivated Export LC processed by the bank. Deactivate screen.png

Below are the fields associated with the screen:

1. TRANSACTION SUMMARY
Trans. Status Date	Transaction start date.
Currency	Currency of the Instrument.
Amount	Amount of the Instrument.
2. DOCUMENTS
NIL	NIL
3. COMMISSIONS & CHARGES
Charge Type	Instrument charge type.
CCY	Currency of the charge type.
Amount	Amount of the charge type.
Settlement Method	Settlement Method of the charge type.
Account No.	Account number where the charge type is debited.

Export Letter of Credit Reports

Export LC reports list issued, received, and outstanding Export LCs within a date range. You can also download transaction lists from the Pending Approval, Current Instruments and Past Instruments screens in ANZ Transactive - Global.
For a complete list of Trade reports, please refer to Transactive Trade - Reports.

Export Letter of Credit reports in ANZ Transactive Trade

In ANZ Transactive Trade, Export Letter of Credit reports provide a list of issued, received, and outstanding Export LCs within a date range. You can download these reports in CSV, PDF and XLSX.

REPORTS

REPORT NAME	DESCRIPTION
Export Letters of Credit - Current	Outstanding Export LCs. See sample report in Export Letter of Credit FAQs.
Export Letters of Credit - Historical	Export LCs transactions within a date range. See sample report in Export Letter of Credit FAQs.

VIEW AND DOWNLOAD

To view and download Export Letter of Credit reports in ANZ Transactive Trade, follow the below steps:

STEP	ACTION
1	Click Reports > Standard Reports from the Application Banner menu
2	Filter to Show Trade
3	Click a Report Name from the grid
4	If required, enter Report Criteria, e.g., Date Range
5	Click Show Report RESULT: The report is visible on the screen. Click the arrows to scroll through the pages or choose a page number for reports with multiple pages. Click the downward arrow to enter new Report Criteria and rerun the report.
6	If required, click Expand to view the report in the same size as your screen.
7	If required, click Save As to save a copy of the report, then enter a Report Name, Report Description, Report Type and save as a Standard or Custom Report. Then click Save.
8	If required, click the icon to download the report in CSV, PDF or XLSX
9	Click Close to exit out of the report

Export Letter of Credit reports in ANZ Transactive - Global

In ANZ Transactive - Global, Export LC reports provide a list of all transactions in the Pending Approval, Current Instruments and Past Instruments screens. You can also schedule, download and email the transaction in CSV or PDF.

For more information, please refer to ANZ Transactive - Global Trade Finance Reports.

Export Letter of Credit FAQs

I need help with completing my trade instrument online. Who can I contact?

Please contact your ANZ Trade Representative for assistance.

What does a Current - Export Letter of Credit report look like?

What does a Historical Export Letter of Credit report look like?

STEP	ACTION
1	There are multiple ways to view an Export LC Discrepancy Notice. Please choose from one of the following methods: Method 1: From your Home screen dashboard, search and click on a transaction from the grid Method 2: Click Notifications from the Application Banner, then search and click on a transaction from the grid Method 3: Click Transactions > History from the Application Banner menu, then search and click + to expand the Instrument, and click on an instrument type
2	Review the discrepancy notice, then click Reply to Bank RESULT: You are presented with the Discrepancy Response screen.
3	Choose from the following instructions: Send documents for approval Seek approval via SWIFT and hold documents Seek approval via SWIFT and send documents Other (enter additional instructions below) Enter Additional Instructions
4	If required, click Attach Documents from the Context Panel menu
5	Click Verify from the Context Panel menu to validate the data selected and attach any supporting documents. The system will verify that all mandatory fields marked with an asterisk are complete. RESULT: The data is successfully verified, and the Workflow Status is updated to Ready to Authorise.
6	Click Authorise or Authorise and Delete from the Context Panel menu to approve transactions in a Ready to Authorise status from within the transaction screen. You can also Authorise a transaction from the Pending Transactions screen. RESULT: The transaction has been successfully authorised and sent to the bank for processing.

STEP	ACTION
1	Click Attach Documents from the Context Panel menu
2	Please choose from one of the following methods: Method 1: Choose Files Method 2: Drag and drop document(s) RESULT: The attached documents appear as an icon before being uploaded.
3	If required, update the File Name. The File Name must be less than 30 characters.
4	Enter the Category for the file: Commercial Invoice Contract of Sale Pro-forma Invoice Purchase Order Transport Document
5	Click Upload Files RESULT: The documents appear in Attachment(s). You can view the attached document(s) by selecting the document name. Alternatively, you can delete the attached document(s) by selecting the document checkbox and clicking Delete Documents from the Context Panel menu.

FIELD NAMES	IMAGE
Assignee Assignee Name, up to 35 characters Address Line 1, up to 35 characters Address Line 2, up to 35 characters City, up to 23 characters Province/State, up to 8 characters Postal Code, up to 8 characters Country or Region Phone Number, up to 20 characters Contact name, up to 35 characters
Assignee's Bank Assignee's Bank Name, up to 35 characters Address Line 1, up to 35 characters Address Line 2, up to 35 characters City, up to 23 characters Province/State, up to 8 characters Postal Code, up to 8 characters Country or Region Assignee's Account Number, up to 35 characters
Assignment Amount Details Original LC Amount (prepopulated) Assignment Amount
Partial Payments The full amount of all drawings until the assignment amount has been fully discharged. Percentage of any drawing The combined total of all payments cannot exceed the amount of this assignment.

STEP	ACTION
1	Click Attach Documents from the Context Panel menu
2	Please choose from one of the following methods: Method 1: Choose Files Method 2: Drag and drop document(s) RESULT: The attached documents appear as an icon before being uploaded.
3	If required, update the File Name. The File Name must be less than 30 characters.
4	Enter the Category for the file: Commercial Invoice Contract of Sale Pro-forma Invoice Purchase Order Transport Document
5	Click Upload Files RESULT: The documents appear in Attachment(s). You can view the attached document(s) by selecting the document name. Alternatively, you can delete the attached document(s) by selecting the document checkbox and clicking Delete Documents from the Context Panel menu.

FIELD NAMES	IMAGE
Special Instructions for Bank Special Instructions for Bank Text Phrase Instructions for Bank Text
Transfer Commissions & Charges Branch Code Debit: Our Account Number Debit: Foreign Currency Account Number Currency of Account
Additional Text Additional Instructions Text Phrase Additional Instructions Text