There are four ways in which an Acceptance transaction can be created:

• Standalone - No link to any other transaction. Click here
• From an Outward Collection. Click here
• Directly from an Export LC. Click here
• From an Export LC Doc Presentation transaction. Click here

Once Acceptance is in the state “Recorded”, select one of options below for the acceptance: 

1. Presentation for Payment
2. Presentation for Discounting
3. Endorsed
4. Rejected - allow user to reprocess the acceptance transaction. 

1. Presentation for Payment

• Complete all the details and click on Presentation for Payment.

• On the Acceptance Details page, a Document Presentation Letter has been created.

• The status can now been updated to Paid or Unpaid. Selecting 'Rejected' will return the acceptance transaction to the user for reprocessing. 

• Complete all the details and click on Paid.

2. Presentation for Discounting

• Complete all the details and click on Presentation for Discounting.

  

• On the Acceptance Details page, 3 Documents have been created: Discount Letter, Avalising Bank Letter, Counter Party Letter.
   

  

• The status can now been updated to Discounted. Selecting 'Rejected' will return the acceptance transaction to the user for reprocessing. 

  

• Complete all the details and click on Discounted.

  

  

  3. Endorsed

• Complete all the details and click on Endorsed.