Data migration is the process of transferring data from one system to another while ensuring accuracy, security, and minimal disruption to business operations. A well-planned migration ensures that critical data is preserved, remains accessible, and functions properly within the new system. To achieve this, following a structured approach is essential for success.

RIVO provides businesses with a comprehensive migration solution for key financial instruments, including:

• Outgoing Guarantee (Not syndicated/ Corp Consortium)
• Outgoing Standby LC
• Incoming Guarantee
• Incoming Standby LC
• Import LC
• Attachments

By enabling the migration of these critical data sets, RIVO ensures a seamless transition while maintaining compliance and operational efficiency.

Parent Company Guarantees – Migration Guidelines

When migrating parent company guarantees, the values entered in the My Bank fields depend on whether the guarantor is a Headquarter or a Sub-Unit.

Case 1: Sub-Unit Acting as Guarantor

• My Bank (Name*): Name of the Headquarter

• My Bank (Unit Name): Name of the Guarantor (Sub-Unit)

Case 2: Headquarter Acting as Guarantor

• My Bank (Name*): Name of the Headquarter

• My Bank (Unit Name): Name of the Guarantor (Headquarter)

For Parent Company Guarantees, a BIC is not required, as the guarantor is a corporate entity and not a bank.

Issuance Status During Migration

• If Bank Reference and Effective Release Date are not filled, the migrated record will be created with status Issuance Approved.

• If Bank Reference and Effective Release Date are filled, the migrated record will be created with status Issued.

How to Migrate 

• From the Dashboard of Rivo, go to the 

(Please note only the RIVO admin users have access to this menu.)

• Navigate to the Data Migration tab, where you can select the available products for migration and initiate the migration process.

• After selecting the product, you want to migrate, proceed by starting the Start Migration Process.

• Download the Migration Template, complete it with all the essential information, and then start uploading that file to Rivo.

Understanding Migration Log Errors and Warnings During File Upload

When uploading files during a data migration, the system generates a migration log that captures important details, including any errors or warnings encountered. 

• Error: A critical issue that prevents the record from being processed. Errors must be resolved before successful migration.

• Warning: A non-critical issue. The record is processed, but the system flags potential inconsistencies or recommendations.

How to Access the Migration Log

1. If issues occur, a log file will be generated as shown in the below GIF.

2. Click the “xls file”

3. Open the log to review all warnings and errors line by line.

Migration History

The Migration History section provides a comprehensive overview of all data uploads performed within the system. It helps you track and verify past migrations, see processing outcomes, and download detailed logs for analysis.

Fields in Migration History

Here’s a breakdown of the key columns you'll see in the Migration History dashboard: