When a document is forwarded to the issuing bank for payment, it is examined by the issuing bank to make sure it is Doc-comply or Doc-discrepant, and the applicant is notified.

Let's Learn about RIVO's handling of import LC and Doc presentations.

• Log in as a bank user.
• Choose a deal marked with the "Issued" or "Amended" status and select "Doc Presentation" from the context menu.
• The presentation details card opens with the side summary card with details from Issuance is displayed.
• Fill in the presentation details and proceed by clicking "Save and Continue," which will result in an update to the Side summary card, reflecting the Presentation Reference, Document Amount, drawing number and, if available, the Due Date.
• Initiate communication with other participants by clicking on the Collaborate tab.
• Allowing for both public and private messages, ensure that notifications are received as they are during the Issuance/Amendment phase.
• Select the document type from the dropdown list and upload relevant Documents ; then, click "Save and Continue."
• Review and sign the transaction, completing the process by signing the card.
• Now the status changes to "Doc Presented".
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  After presenting the document, document examination will occur. To proceed, click on "Deal," which will bring up the document menu. From there, select the document, where you can then view the drawing details. Within this view, access the context menu and choose "Doc Processing."

• Fill out the details and choose the document status either Clean or discrepant.
• On clean document -the status change to "Doc accepted".
• If it is discrepant-the status changes to "Doc Processes-Disc".

Please refer to the gif below for a better understanding of the illustration

Summary:

The side summary card ought to encompass information related to the issuance and potential amendments of the Import LC.

Furthermore, the side summary card should present fundamental particulars, which are as follows:

• Presentation Reference:
• Presentation Date
• Document Amount:
• Due Date: (if data is available in the field)
• Deal Balance: {pre populated - not editable} - Bring it from the Deal Summary card. The deal Balance should be reduced only when the status is updated as "Doc Presented" (when the bank signs the transaction in RIVO)
• Drawing No: - Should be shown only after the bank signs the Doc Presentation transaction. Auto-populate as 1 for the first drawing (auto increment for each presentation from 1, 2 3, 4, 5, etc.) 

Handling Mixed Payment

Here are the steps to follow:

1. Log in as an Issuing Bank user.
2. Create a Document Presentation under Import LC, selecting 'Mixed Payment.'
3. Provide the presentation details.
4. Click on 'Add Installment.'
5. Now, enter the amount (50% of the document amount) and set the Due Date as '90 days + current date.'
6. Confirm that the Tenor Days field is disabled.
7. At this point, 'Save and Continue' should become enabled.
8. Sign the Document Presentation transaction under Import LC.
9. 

Collaboration:

The Collaborate section must be accessible to the user for interacting with all participants. Its functionality should mirror that of the Issuance/Amendment section. Both public and private messaging options should be active, and notifications should be received in the customary manner.

The screenshot of the private collaboration is below.

Logical Popup Validations for Import LC Document Presentation

When the bank user initiates the first document presentation transaction, the deal balance, as per Issuance/Amendment, should be carried forward to the 'Document Presentation' step. Furthermore, the deal balance should only be reduced when the status is updated to 'Document Presented,' which occurs when the bank releases the transaction within RIVO.

RIVO should conduct a validation check comparing the 'Deal Balance' amount with the 'Document Amount.' If the 'Document Amount' exceeds the 'Deal Balance,' a warning message, 'LC Amount Overdrawn,' will be displayed.

Similarly, RIVO should verify the 'Presentation Date' against the LC Expiry date, as specified in the Issuance/Amendment. If the Presentation Date falls after the Expiry Date, a warning message, 'LC Expired - Late Presentation,' should be shown.

Regarding the 'Presentation Reference,' it should be editable and mandatory, similar to other reference fields in RIVO. Each bank must assign a unique reference number; duplication is not permitted.

For document uploads and deletions:

• When a document is uploaded using the 'Upload' icon, RIVO should display the upload progress, and the document should be fully attached upon reaching 100%.

• When a user wishes to delete an uploaded document, a prompt message reading 'Are you sure you want to delete this document?' will appear, offering 'Delete' and 'Cancel' options.

Additionally:

• The bank user cannot save and continue without adding at least one Document Title and its corresponding attachment.

• When adding installments and desiring to delete a row, a confirmation prompt will appear with the message 'Are you sure you want to delete this installment?' and options to 'Delete' or 'Cancel.'

• In cases where the total of installments doesn't match the document amount, the total of installments will be highlighted in 'Red' with the message 'Installments total doesn't match Document Amount.'

• Conversely, if the accumulation of installments matches the document amount, the total of installments will be highlighted in 'Green' with the message 'Installments total matches Document Amount.'"

Note: Refer to How to Amend an Issued Import LC? And Import LC and its usage. How to initiate a new Import LC transaction in RIVO?