To improve the efficiency of processing incoming Standby Letters of Credit (SBLCs), the system enables corporate users to register SBLCs received via SWIFT and Paper Format. This ensures a standardized workflow, allowing seamless tracking, management, and compliance with financial regulations.

How to Handle in Rivo:

• Once you've arrived at the Rivo home page, look for the New option on the left side of the screen, where you'll find the Incoming Standby LC.

• As soon as you select the incoming Standby LC option You will be taken to the initial page; click Start, then choose the type of Standby LC you want to deal with ( ex: Bid bond )

• You must select the SWIFT radio button on the page displayed below if you receive an incoming  Standby LC in SWIFT format, Then hit continue 

• You must select the Paper radio button on the page displayed below if you receive an incoming Standby LC in Paper format, Then hit continue

• Once you've completed the above pages, follow the steps below. They are identical for both Formats (SWIFT, Paper) of Standby LC.