credit mangemnt issue

[Former Member]

Hi,

I have a requiremnt from the clint stating that, for export customer how exactly letter of credit is configured , on what basis we need to realse the material to the foreighn customer. can any one hlep me out what are the settings required for letter of credit configuration.

Thanks

Regards

[Former Member · Accepted solution]

Hi

LC - comes under Risk Management. It is one of the Payment Guarentee Procedure.

To configure LC - You need to do SPRO config in below

Sales & Dist ->Foreign Trade/Customs ->Documentary Payments ->Basic Settings

Here you need to configure LC document as per your req.

Whenever your customer opens an LC.

You can go to SAP easy access

Logistics ->Foreign Trade/Customs ->Payment Guarantee ->Documentry Payments ->Financial Document -> create

Here you can create a LC document as per the customer sent copy.

The reference number which you get upon saving the above document, you need to maintain it in your sale order.

Sale order -> Header ->billing -> under Risk management ->Payment Guarant.Proc. & Fin doc number needs to be maintained.

This way you can link your sale order to LC.

While processing a sale order, it will set a block & you can have a control

thank you

Anirudh

[Former Member]

Hi

Kindly go throug thebelow links

http://wiki.sdn.sap.com/wiki/display/profile/LetterofCredit

Regards

Damu

[Former Member]

Hi Mr. Samaahmed,

Please go through the following links. Hope this helps.

http://www.sap-img.com/financial/process-of-letter-of-credit-for-imports.htm

http://help.sap.com/printdocu/core/Print46c/en/data/pdf/SDFT/SDFT.pdf

http://www.sitpro.org.uk/trade/lettcredbest.pdf

Regards,

MT