Manikandan Narayanan

  • Total activity 85
  • Last activity
  • Member since
  • Following 0 users
  • Followed by 0 users
  • Votes 0
  • Subscriptions 42

Articles

Recent activity by Manikandan Narayanan Recent activity Votes
  • How to download a transaction summary showing the Guarantee details?

    The Guarantee information up to date is available to download in the summary format (PDF) by the RIVO users. The details of the Guarantee will be shown in simple manner that contains main informati...

  • Reports on Commissions & Fees

    The Commission and Fees plays a important role for every deals. The Financiers(Banks) will receive the commission for their service provided on each of the deals booked in RIVO. This commissions ar...

  • 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...

  • 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...

  • 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...

  • 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...

  • Bürgschaft vs Guarantee

      The concepts ‘Guarantee’ and ‘Surety’ have very different legal implications under common law and often, indeed, as between different common law jurisdictions. Taking English law as a basis, a tr...

  • Search for Reference number, Deal number OR Participant name

    The reference number will be your reference (Applicant Reference) provided in the Guarantee Issuance and the Deal number will be the Issued Guarantee reference, and the Participant name will be th...

  • How to Reject a Guarantee?

    The Guarantee contract created by the Applicant can be rejected by the Financier due to some valid reasons.   To reject the guarantee, click the Reject icon displayed on the card and enter the Rej...

  • How to Amend an Issued Guarantee?

    The 'Guarantee Amendment' defines the Changes/Modifications done in the terms and conditions of the Issued Guarantee. The Applicant will submit the Amendment request on the Issued Guarantee to its...