Objective
Typically Inward Remittance is a process through which a Foreign Bank or Company transfers funds to a Domestic Bank in the home country. The Bank acts as a paying Bank for its Overseas Branch and corresponding Banks in accordance with the payment instructions of the Overseas Remitter.
The LMCC system automates the incoming swift messages (MT 103 & MT 202) into the application and enables central processing unit to allocate/send messages to respective branches for processing advice. Branches have the provision to generate all reports/customer advices/vouchers etc. The system also tracks unprocessed messages and helps in accelerating processing of transactions.
Features
- Overseas Bank Master
- Purpose Code Master
- Inward Transaction Details
- PCFC Liquidation (Inward)
- Customer Advice Voucher
- File Creation (RTGS Message)
- Inward Remittance Register Report
- MIS Reports
- FIRC Reports
- Audit Trail
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