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Former Member
Jan 16, 2012 at 07:23 AM

Revolving Letter of Credit - SD.

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Hi Friends,

we have a requirement to implement Revolving Letter of Credit, where if a Payment is made for the particular customer it's value should be added to the existing open LC value .

we tested everything with Static LC and every thing is working fine. but now we have to implement revolving LC

Example.

LC duration is 1 JAN to 31 JAN

Initial LC Value = Rs. 1000

order raised = Rs. 800

______________

LC Open value = Rs . 200

so if the customer makes payment for Rs. 300

the open LC value should be Rs. 200(Earlier open LC value) + 300(payment) = Rs. 500

Thanks & Regards

Harsha