Letters of Guarantee (LG) System
Record and follow up of the detailed information about the letters of guarantee in multi currencies, its purpose, the insurance value for it with the ability to expand the expiry date, also following up of the bank’s facilities, cancelled letters of guarantee and extracting reports on different levels (summary, detailed, cancelled or open) on the base of destination or required bank during specific periods for all types of letters of guarantees whether it’s primary or finally
- Following up & extracting a report of the bank facilities for the letters of guarantee.
- Recording & following up of letters of guarantee information with its different types, multi currencies, its issue purpose, its insurance value and its insurance percentage with the availability to expand the guarantee date.
- Following up & extracting a report of the letters of guarantee according to the expiry date, its type, and the related department to this letter, the charged bank and its issue date.
- Following up & extracting a report of the cancelled letters of guarantee.
- Following up & extracting a report of the total letters of guarantee on the basis of department, its type & its currency.