Credits obtained from Eximbank through domestic banks are recorded using the Eximbank Credits Slip. This credit is granted by Eximbank to domestic banks. And the banks offer the credit to their customers. Companies communicate the materials committed for export to the banks for the Eximbank credit. The commitment closing of EXIMBANK credits are performed by comparing the materials on the Customs Declaration Form with the materials committed by the company to the bank, and the transaction is performed according to CT numbers and material prices.
The export operation slip must be selected on the material lines since Eximbank credits are granted based on the CT code. Eximbank credits process the FOB unit price.
Credit Closing is performed using the fields of the Export Operation Slips and Export Registered Sales Invoices. Eximbank Credits are closed over the Material Amount and the related currency type.
In order to record export credits from Eximbank, first Eximbank Credit option is selected on the Record Type field of the Export Credits list. Then the "New" option is clicked.
The following information is recorded using the Eximbank Credit Slips:
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Remaining Amount: The field used to enter the remaining amount of the materials committed for export in the Eximbank credit.
Eximbank Credit Closing Info
Foreign currency credits are closed over the total amount of the export operation slip. The closing transaction is performed by selecting the foreign currency credit to be closed on the slip detail window. The FOB amount of the export operation slip is deducted from the foreign currency credit amount, and the remaining amount is entered on the field.
Materials on the slip lines are compared with the materials committed by the company for export for the credit are matched during Eximbank credit closing transactions. The required Eximbank credit code is selected on the line. The line amount is deducted from the amount of the selected Eximbank credit and displayed on the Eximbank remaining amount field.
The unit sets of the materials committed for export in the Eximbank credit and the material on the line must be equal. The closing transaction is blocked if the unit sets of the slip line and the Eximbank line are different.
Amounts processed in closing transactions are the foreign currency amounts of the credit.
Fields of a credit selected for any slip cannot be modified.
Closed credits cannot be linked to another slip.