How to use FTRTLC06 - Terminate Letter of Credit

FTRTLC06 - Overview

• Transaction Code: FTRTLC06

  Description: Terminate Letter of Credit

  Release: S/4HANA and ECC 6

• • Program: RFTR_TLC_START

    Screen: 1000

    Authorization Object:

  • Development Package: FTR_TRADE_FINANCE

    Package Description: Treasury: Trade Finance

    Parent Package: FS_TRM

  • Module/Component: FIN-FSCM-TRM-TM-TF

    Description: Trade Finance

FTRTLC06 - Details

• SAP Tcode: FTRTLC06 - Terminate Letter of Credit

  
  Overview: 
  FTRTLC06 is an SAP transaction code used to terminate a letter of credit. It is used to close the letter of credit and release the funds to the beneficiary. 
  
  Functionality: 
  The FTRTLC06 transaction code is used to terminate a letter of credit and release the funds to the beneficiary. It can also be used to cancel a letter of credit that has not yet been issued. The transaction code can be used to close both domestic and international letters of credit. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FTRTLC06 in the SAP command field. 
  2. Enter the letter of credit number in the “Letter of Credit” field. 
  3. Enter the termination date in the “Termination Date” field. 
  4. Enter any additional information in the “Additional Information” field, if necessary. 
  5. Click “Execute” to terminate the letter of credit and release the funds to the beneficiary. 
  
  Other Recommendations: 
  It is important to ensure that all necessary information is entered correctly before executing the transaction code, as incorrect information may lead to delays or errors in processing the termination of the letter of credit. Additionally, it is recommended that users familiarize themselves with all relevant regulations and laws related to letters of credit before using this transaction code.