Manikandan Narayanan
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Activity overview
Latest activity by Manikandan Narayanan-
Manikandan Narayanan created an article,
Creation of Customized fields in RIVO
What are Custom fields? These are basically own additional information fields created by the user to gather information specific to the business needs. The Key/value pair usually stores the user's ...
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Manikandan Narayanan created an article,
How to Amend an Issued Import LC?
'LC Amendment' signifies any change made to the terms and conditions of an LC after it has been issued. An amendment can be made at anytime after an LC has been issued and before its expiry date. T...
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Manikandan Narayanan created an article,
Export LC & its benefits. How to register new Export LC in RIVO?
Overview: 'Export Letters of Credit' are the most common trade finance method used to finance exports. An Export Letter of Credit, which is also referred to as documentary credit, is a contractual ...
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Manikandan Narayanan created an article,
Import LC and its usage. How to initiate a new Import LC transaction in RIVO?
Overview: A letter of credit is a payment method in international trade. Import Letters of Credit are the most common method of import financing. An Import Letter of Credit, which is also referred ...
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Manikandan Narayanan created an article,
Auto Extension Details in Guarantees/Standby LC
Guarantees/Standby LC normally issued for a limited period but still it can be extended for longer terms. At the time of creating a Guarantee/Standby LC, this extension can be handled by the corpor...
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Manikandan Narayanan created an article,
Reject claim under Standby LC
After a claim request is received under SBLC for payment, bank will register that claim request in RIVO on behalf of the beneficiary. And when the claim does not comply with the terms and condition...
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Manikandan Narayanan created an article,
Pay claim under Standby LC
When a claim request is received under SBLC, then the bank will register that claim request in RIVO on behalf of the beneficiary and also further paying the standby LC claim for the document amount...
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Manikandan Narayanan created an article,
Claim under Standby LC
When the applicant fails to honor the request for payment, the beneficiary will make a presentation for payment against the Standby LC. A beneficiary is typically only authorized to claim payment f...
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Manikandan Narayanan created an article,
How to invite Banks/Parties to RIVO
The RIVO registered user is allowed to invite other non-registered parties (Banks/Corporates) to join RIVO. Banks: To invite other non-registered Banks, Go to Administrator menu and Click on My B...
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Manikandan Narayanan created an article,
Registered Banks/Parties in RIVO
How to find whether the Entities are registered with RIVO? RIVO have an provision that the users can locate the entities (Banks/Parties) used in their business transactions that they have registere...