Retail Merchandising System (MOSC)

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Letter of Credit Types

edited Oct 9, 2014 4:48AM in Retail Merchandising System (MOSC) Question

Hi,

I want to know the difference between the types of letter of credit i.e. Normal, Open, Master and Revolving with scenario.

I have referred  RTM white paper document but still I didn't get the functionality in detail. Mainly the difference between Master and Revolving, I have checked in the application that both types are similar i.e. apart from attaching multiple PO's and I couldn't figure out the distinct difference between the two.

Regards,

Raghu

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