Use of Letter of credit for purchase through R/3

[Former Member]

Hi

Any body can tell me how to use the facility of payment Guaranty - Documentary payment (Letter of Credit) in purchase.

Create a letter of credit

Link the Letter of credit with PO

Track the Letter of credit with materials receipt

Retire the letter of credit

The above all to be configured and used in sap R/3

Prabhakar

[Former Member]

Hi,

Go through this link.

http://help.sap.com/saphelp_erp60_sp/helpdata/en/d8/2585347860ea35e10000009b38f83b/frameset.htm

Thank you,

[Former Member]

Hi

Letter of credit is not maapped in SAP. The only work around is contracts.

But you cannot directly perfomr anuy financial transactions against the LOC directly.

Thanks & Regards

Kishore

[Former Member]

hi

is it possible describe more?

best regards

R.T

[JL23]

this can only be used for SD documents. So that tyou as the sender knows how much is guranteed.

There is nothing in standard SAP that you can trace how much garantees you have given to whom.

If you dont use contracts for your purchases, then you can create a contract for the garantee and your orders will be the call offs