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Collection Tracers in Globus Trade Finance

This document discusses collection tracers in Globus Trade Finance. Collection tracers allow automatic follow up of collection documents through reminders or tracers sent at periodic intervals. The frequency of sending tracers can be set globally at the country level, for individual letters of credit, or in a system parameter table. The document demonstrates how to send a sight bill for collection and trigger an initial tracer message with instructions to send a tracer every working day thereafter. Ticklers are also discussed as internal reminder messages that can be used for various purposes beyond just trade finance.

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Emilio Ordoñez
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485 views9 pages

Collection Tracers in Globus Trade Finance

This document discusses collection tracers in Globus Trade Finance. Collection tracers allow automatic follow up of collection documents through reminders or tracers sent at periodic intervals. The frequency of sending tracers can be set globally at the country level, for individual letters of credit, or in a system parameter table. The document demonstrates how to send a sight bill for collection and trigger an initial tracer message with instructions to send a tracer every working day thereafter. Ticklers are also discussed as internal reminder messages that can be used for various purposes beyond just trade finance.

Uploaded by

Emilio Ordoñez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
  • Collection Tracers
  • Workshop 36
  • Tickler

Globus Trade Finance

Collection Tracers

TEMENOS

An extra feature not used by other LC


Transactions
Helps automatic following up collection
documents at periodic intervals by way of
reminders / tracers
Done thro Operation T in LC application
earlier.
Date of first tracer and subsequent
periodicity mentioned

Trade Finance G12

Slide no. 1

Globus Trade Finance

Collection Tracers

TEMENOS

Now automatic generation of Tracers


during EOD is enabled
Default period to define frequency of
sending tracer may be set in Country Table
Country of Issuing Bank (for export
collections) and applicant (for import
collections) is made applicable
Alternately, can be set in EB.FREE.
PARAMETERS. Frequency may be changed
in EB.FREE.MESSAGE

Trade Finance G12

Slide no. 2

Globus Trade Finance

Collection Tracers

TEMENOS

At LC level

Or at Country
level

Or at
EB.FREE.PARAMETERS

Trade Finance G12

Set for 5 Working Days here


Can be set for different applications with
Different days

Slide no. 3

Globus Trade Finance

TEMENOS

Workshop - 36
Send a Sight bill for USD 10000 on
clean collection basis on behalf of
your customer to your correspondent
bank.
Send a Tracer today and instruct
that it should be sent every working
day thereafter.

Trade Finance G12

Slide no. 4

Globus Trade Finance

Workshop (36) Solution


TEMENOS

Sent for collection

Docs sent on collection.


Note the Delivery message types

Trade Finance G12

Slide no. 5

Globus Trade Finance

Workshop (36) - Solution

TEMENOS

Triggering Tracer

To trigger
Tracer

Note the
Message Type
First message date
Further periodicity

Trade Finance G12

If not mentioned, gets defaulted from


Country table or EB.FREE.PARAMETERS

Slide no. 6

Globus Trade Finance

Workshop (36) - Solution

TEMENOS

Tracer Message

Trade Finance G12

Slide no. 7

Globus Trade Finance

Tickler

TEMENOS

Ticklers are messages for internal


upkeep.
Ticklers can be set for own or for
others
Receiver or Sender can stop the
ticklers by accessing EB.TICKLER
General utility and usage not
restricted to Trade Finance alone

Trade Finance G12

Slide no. 8

Globus Trade Finance

EB.TICKLER

TEMENOS

Application Tickler intended for


Date of Tickler
Tickler instruction

Tickler recipient
Tickler status - can be set to STOP when Tickler
no longer required

Trade Finance G12

Slide no. 9

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