KAVITHA PRIYADHARSHINI

Export LC Advising: (Worked for USA)

• Advising of MT 700 , MT 710 , MT 720 to Bene/Advise through bank.
• Authenticity of the SWIFT, will be check entirely.
• Sending remittance messages to the issuing bank to claim the outstanding charges for the expired and unutilised letter of credit as per ARTICLE 37C of UCP.
• On weekly basis, will send remainder to the beneficiary or advising through bank for the transactions were on hold for beneficiary consent.
• Handling reports like transaction release report, outstanding charges report, pending transaction status report, charges overdue detailed report. Sharing these report to Relationship manager and Client service team in Country.
• Processing the correction message and amendments through SWIFT which means advising those SWIFTS to the beneficiary directly or through advising through bank.
• Vetting the LC and amendment entirely and doing the mandatory checks like BOYCOTT, SANCTIONS and AML CHECKS. Also vetting the LC whether it is as per UCP 600.
• To proceed with the advising LC process will check the banking relationship and profile status in our system whether we have valid data in order to advise the LC to the advising through bank.
• Handling client emails to satisfy their requirements and clarification.

Import LC Issuance:

• Checking the application from the application and will prepare & issue a DRAFT LC.
• Vetting the draft will be adhere to the BOYCOTT, AML SANCTION check and the terms and conditions to UCP 600 also it should satisfy the internal policy of the Issuing bank.
• Before issuing the LC, Will do one more check whether we have valid banking relationship and profile in our system for the advising through bank.
• Once client go through the DRAFT and made or request us to amend any terms and conditions of the LC. Based on that will issue the final LC copy through MT700.
• Further to that if applicant required any amendments to the existing LC, based on their request will issue the correction message or Amendment through MT799,MT759 or MT707.

STANDBY LETTER OF CREDIT:

• Handling the advising process for the standby letter of credit.
• Handling three types of SBLC - Performance guarantee, Commercial guarantee and Financial guarantee.

• Experienced in TRADE BANKING DOMAIN for almost 2 years
• Having adequate knowledge in banking operations
• Ability to work effectively and efficiently in Trade banking
• Gained ample knowledge in the trade payment scrutiny process
• Involved in SANCTION and OFAC related training
• Handling training for upcoming processor regarding the process flow
• Cross trained in Query handling and process enhancement flow (application testing)
• Analyze and updating the root cause of the error with team leads and teammates
• Identify potential people issues amongst the team & resolved the same on proactive basis
• Providing process related suggestions and ideas proactively to prevent escalation and error
• Well versed in scrutinizing the Import payment related documents
• Clearing or raising exception related transactions
• Providing proper status of the transaction to Customer/Client
• Handled mail queries regarding the transaction details and exception status
• Ability to handle customer related queries and managed customer service
• Having adequate knowledge in SANCTION related transaction
• Having ample knowledge regarding the import payment document scrutiny to train the new colleagues (trained new colleagues)
• Experienced in FCDB (transaction with Bill of Entry) and FCA (advance payment) in DOMESTIC TRADE (India Trade)
• Well versed in scrutinizing the Import payment related documents
• Gained sufficient knowledge on RBI Regulatory requirements for Import trade
• Trained in the credit / Debit note adjustment against the Invoice
• Involved in new process and application enhancement testing