Hi Folks,
Can you let me know detailed process of letter of credit process in treasury money market ?
I would like to use product category-550 for creation of new product for LC's.We need to track inception fee,other fee and also required amortisation procedure. Company will pay commission/charges on quarterly basis (this is on all loans and LC's) to bank, but these expenses accrued on each month. Please let me also know accruals setup.
Thank you,
AR