This service type enables you to identify processed transactions held by Citibank available for discounting, and then submit Bill Discount transactions containing the details of the selected transactions to Citibank for processing. After the Transaction Type and Creation Method fields are populated, the Documents to be Submitted list box appears on the lower half of the Details Dialog box. A red asterisk ( * ) indicates required fields.
Click Add. A Library Look-Up dialog box appears which lists entitled export bills that are eligible for discounting and have been released within the past (1) month.
Select the bills for which Bill Discount transactions are to be submitted and click OK. The selected bills appear in the Documents to be Submitted list on the Details Dialog box. Click OK.
–OR–
If the bills are not listed, click Search. The Search Definition Dialog box appears. Enter search criteria and click Run Search. A list of all bills that match the search criteria appears. Select the bills for which Bill Discount transactions are to be submitted and click OK. The selected bills appear in the Documents to be Submitted list on the Details Dialog box. Click OK.
The Bill Discount detail form appears for each transaction. There are only two editable fields:
Bill Discount Method of Credit indicates the manner in which proceeds must be made available to you. Click the drop-down arrow and select Credit our Account, Manager's Check or Demand Draft.
Bill Discount Account Number Note: If the Method of Credit is Credit Our Account, the Bill Discount Account Number is required.
Click the Charges Summary link to view any associated charges.
Click the Courier Information link to view any associated courier information.
Once all required fields are complete, click Submit.
Notes:
To clear all of the fields on any of the tabs, click Clear.
To return to the summary form at any time, click Return to Summary.