New Features

Multi-Party Amendments Data Transfer Enhancement (GMK-7742)

A new data transfer interface has been added to support the automatic updating of multi-party guarantees, allowing users to increase or decrease amounts during amendment creation.

 

Implementation of Konsole connectivity LCE/LCEX Workflow (GMK-8039)

The LCE/LCEX workflow has been successfully implemented. This integration streamlines user interactions across GlobalTrade and Konsole improving overall transaction management within the system.

 

Addition of Checklist Question 14 to Task and Alarm Conditions (GMK-8365)

Checklist Question 14 has been added to the field dropdown options for configuring tasks and alarms.

 

Integration of Trakk with GTI (GMK-9404)

The GTI system is now integrated with Trakk to register all Corporate Guarantees and Guarantee applications. All transactions will be registered with Trakk, enabling beneficiaries to verify authenticity and facilitating banks to check applications through a new "Register Transactions to Trakk" field on the Credit Line page. This integration ensures that when transactions are set to "applied" or "issued," the relevant documents are registered with Trakk, with download links provided for easy access to the registered versions. The detailed changes are:

• New Field: A field titled “Register Transactions to Trakk” will be added to the Credit Line page with options for Mandatory or Optional, visible only when Trakk is activated.
• Bank Guarantor Type:
  • Upon setting a transaction to Applied, the system will send a formatted file to Trakk.
  • GlobalTrade will record the file in the related transaction table.
  • If the transaction status is reset, an activity update will notify Trakk and mark the document as cancelled.
  • If re-applied, a new document will be registered with Trakk.
• Corporate Guarantor Type: Similar process as above but will register upon Issued status.
• Amendments: The registered document format will be sent to Trakk, with download links for both Trakk and GlobalTrade versions displayed.
• Email Notifications: The task and alarm functions will now send the Trakk registered document instead of the original file, if available.
• Alert System: Users will receive alerts that resetting a Trakk-registered transaction will cancel the document.

 

Patch version 7.77.1 released on November 5th 

Launch of Standalone Contract List Module (GMK-9410)

The Contract List has been moved to a standalone module with a dedicated icon and menu options for each template. This change also introduces "projectName" and "divisioninternalref" fields to provide more detailed information.

 

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Improvements

Add missing fields to the reports available fields (GMK-7522)

Added the fields “(GTI) Set to Issued” and “(GTI) Last updated” to the available fields of the GTI - Guarantee Transaction reports.

 

Addition of "Auto Closure Allowed" Checkbox (GMK-7784)

A new "Auto Closure Allowed" checkbox has been added to the Edit and View Credit Line pages, enabling users to specify whether automatic status change rules apply for each guarantor. This enhancement allows clients to set conditions for automatic closure of guarantees, such as “Close Guarantees one day after expiry if allowed by the guarantor.”

 

Addition of Requestor to Manager Information on Cover Letter (GMK-7970)

The “REQUESTOR TO MANAGER INFORMATION (INTERNAL)” field can now be printed on the GTI application cover letter in both PDF and RTF formats.

 

Mandatory Document Upload for Bank Users (GMK-8062)

Before issuing a guarantee in the system, bank users are now required to upload at least one document.

 

Enhanced Contact Update Functionality (GMK-8063)

The "Update Contact" button now allows users to update both Applicant and Originator contacts.

 

WAM Rule Condition for Other Info Fields (GMK-8095)

WAM rule conditions have been added for the fields Other Info 2 and 3 in the GTI application, enhancing the management of direct and indirect guarantees.

 

Search by Filename Functionality in Inbox Messages (GMK-8318)

A new "Search Filename" function has been added to the SC114D UCON > INBOX > VIEW MESSAGES screen, allowing users to perform partial searches on incoming SWIFT filenames. 

 

New Category 1 Column Added to Inbox Widget (GMK-8322)

The Inbox widget on the Master Home page now includes the Category 1 column. This update applies to both the Master Home page and the Inbox message log.

 

Addition of "Preferred Approver Company Id" Option (GMK-8327)

The "Preferred Approver Company Id" option has been added to the CONDITIONS field for the following screens under the GTI system:

1. SC800E Guarantee Transaction
2. SC828E Guarantee Amendment
3. SC009G Guarantee Reduction
4. SC016G Guarantee Claim
   1. When TRANSACTION TYPE = Claim and TRANSACTION TYPE = Extend-or-Pay

 

New WAM Active Flags for Company Profile (GMK-8406)

A new checkbox have been added to the company profile to manage WAM rules for Amendments.

There are now two types:

1. WAM Active for Guarantee Application: Indicates that WAM rules apply to guarantee applications.
2. WAM Active for Other Transactions: Indicates that WAM rules apply to amendment applications.

The new checkbox is empty by default and is accessible in the RULES CONFIGURATION > RULE ADMINISTRATION section for GTI.

 

Decoupling Contract Currency from Guarantee Currency (GMK-8659)

The "contract currency (71B)" field has been separated from the "guarantee currency (32B)" field for channels other than SWIFT or KONSOLE. This change allows users to independently set the contract currency.

 

Channel Option Added to Pre-Checking Instructions (GMK-8706)

A new channel option has been added to the following screens:

1. SC354E TRANSACTIONS > DOCUMENT SET > VIEW PRE-CHECKING INSTRUCTIONS
2. SC374E TRANSACTIONS > DOCUMENT SET > EDIT PRE-CHECKING INSTRUCTIONS

Users can now select from three available channels: email, KONSOLE, and @globaltrade. The channel will be automatically selected if it is available in the address book for the pre-checking bank.

 

New Options Added to Other Type of Undertaking Dropdown (GMK-8850)

Three new options: "Off Set," "Integrity Pact," and "Subcontractors Payment" have been added to the dropdown field "Other Type of Undertaking." This enhancement allows users to accurately specify additional types of undertakings in the system.

 

New Role for Bank Correspondence Access (GMK-8866)

A new role, “GI Bank Correspondence (Borrower)”, has been introduced, allowing users to access the Bank Correspondence tab and use the "Inform Guarantor" button exclusively for transactions where the borrower matches the logged-in user's COID. This role is available to both HO and BU users.

 

Auto-Matching for MT753, MT755, and MT757 Messages (GMK-8878)

The system now automatically processes MT753, MT755, and MT757 messages by using the “Presentation Reference Number (21R)” to match them with their related child transactions.

 

Enhancement of Maximum Liability Field in Guarantee Application (GMK-8867)

The Maximum Liability field in the Guarantee application and amendment pages has been enhanced:

1. New Dropdown Option: A dropdown has been added before the Maximum Liability amount field with two options:
   • Actual Amount: Selecting this will grey out the Maximum Liability field, automatically populating it with the actual amount.
   • Other Amount: This allows users to enter a custom Maximum Liability amount as per current system behavior.
2. Default Behavior: If "Actual Amount" is selected, the field will display the current actual amount (same as nominal amount on the guarantee application) and the calculated amount on the amendment screen. For amendments, if the main application is set to "Other," it will default to the same value.
3. Total Maximum Liability Calculation: The total will be calculated based on both the actual amounts and user-defined amounts, as detailed in the provided scenarios.
4. New Roles for Maximum Liability Update:
   • GI Update Max. Liability: Available for HO/BU users to access the "Update Maximum Liability" button on issued and expired transactions.
   • GI Update Max. Liability (Borrower): Available for BU users to see this button only for transactions where the borrower matches the logged-in COID.
5. Update Maximum Liability Button: Once the transaction is issued, users can click the "Update Maximum Liability" button to modify the maximum liability option and/or amount via a pop-up window.

 

Alarm Condition Update (GMK-9356)

The alarm condition “New Comment = filled” has been implemented in the LCE module to ensure consistent behavior with the GTI module functionality.

 

Amendment Fee Calculation Enhancement (GMK-9572)

The system now supports the calculation of amendment fees under the estimated fee module. This enhancement allows users to access amendment details, including Amendment Number and Amendment Issue Date.

 

Add new Zimbabwe currency (GMK-9861)

We have added the new currency Zimbabwe Gold - ZWG to the list of available currencies.

 

Patch version 7.77.1 released on November 5th 

 

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Fixes

Fixed Validation and Backdating Features (GMK-7546)

The validation on the last three full billing periods is now exclusively triggered by the main transaction. Additionally, users can backdate reductions beyond three quarters when the backdated control switch is set to "no" at the system admin level.

 

WAM Rule Preferred Approver Persistence Fix (GMK-7690)

The issue where the saved preferred approver in the WAM rule pop-up became empty upon reverting a transaction to a previous status has been resolved. Users can now seamlessly navigate back without losing their selected preferred approver in the WAM rule.

 

Evaluation of Options Formula for File Type Field (GMK-8826)

The system has been updated to correctly evaluate the options formula for the "File Type" field in GTI/Q-Form. Now, when a template is created with a specific formula, only the options defined in the formula will be displayed in the dropdown.

 

Fix for Blank Page Issue (GMK-8856)

The issue has been resolved where clicking "Add Selected" on screen results in a blank page on ID: SC011X | FACILITY MANAGEMENT > CREDIT FACILITY > SELECT CREDIT FACILITY SUB-UNITS. Users can now successfully add a unit without encountering any errors.

 

Correction for Monthly Accrual Calculation (GMK-8862)

The system has been updated to ensure that monthly accrual calculations start from the issuance date of the guarantee rather than the 1st of the month for guarantees with a monthly commission period.

 

Resolved MT779 Message Processing Error (GMK-8921)

The issue where the system shows "Error changing status" when processing MT779 messages has been addressed.

 

Fix for Alarm Variables Display Issue (GMK-9072)

The issue with the alarm description not displaying the values for “Original Contact Email” and “Guarantee Type” and instead, showing the code ([[guaranteeType]] & [[originatorEmail]]) has been resolved. Users can now see the correct values in the alarm description when the alarm is triggered.

 

Fix for Multi-Party Beneficiaries/Applicants Deletion Issue (GMK-9236)

The issue preventing the deletion of the first line in multi-party beneficiaries/applicants has been resolved. Users can now delete any line, including the first, when clicking the delete button.

 

Enhancements to Multi-Party Transactions and Button Prompts (GMK-9293)

1. Warning for Multiple Applicants: A warning will now trigger if the 'Multiple Applicants' option is selected and the 'Multi-party' field is not updated with a list when the transaction is in 'In Process' status and the 'Ready for Review' button is selected.
2. Prompt Setup for Buttons: The following buttons on the SC378D BASE > SYSTEM PROMPT SETUP page will now correctly trigger prompts on their respective pages when configured:
   • Close 
   • Record Issuance
   • Set to Ready for Review
   • Set to Ready to Apply
   • Set to Ready to Delete

 

Internal Correspondence Synchronization (GMK-9322)

The issue preventing synchronization of Internal Correspondence messages between Quick Form and GTI Transactions has been resolved. Users can now view messages added in either transaction type across all statuses.

 

Expiry Date Handling on Amendments with Konsole (GMK-9333)

GlobalTrade now transmits both the Expiry Date and Expiry Type (including "no change") during amendments, preventing the Expiry Date from being deleted when a new Expiry Date is set with a "no change" Validity Type.

 

Enhancement for Joint Venture Partner Internal Info Field (GMK-9381)

The maximum character limit for the ‘Joint Venture partner (Name and address)’ internal info field has been updated to allow saving up to 480 characters on the Internal Info page.

 

Status Update Fix for WAM rule (GMK-9428)

The system now correctly maintains the transaction status as "Issued" when a WAM for "Status Change Requested" is declined, preventing unintended transitions to "Closed".

 

SWIFT Companion File Handling Update (GMK-9454)

The system has been updated to correctly classify SWIFT companion files based on specific naming conventions. Companion files with the extension ".fa" and names ending in ".zip" will now be treated as standard attachments, while names with additional extensions like ".xml" or ".txt" will be properly recognized as companions, ensuring accurate processing without affecting existing ".par" file implementations.

 

DVS Channel Guarantee Amendment Update (GMK-9481)

The DVS channel now allows the issuance of Guarantee amendments even when the validity type remains conditional and unchanged. This resolves the previous validation error that required a new expiry condition/event when the validity type was set to conditional.

 

Timestamp Error in API Amendment Processing (GMK-9484)

We have addressed an issue where the system displays a timestamp error when processing Konsole's API amendment message, requiring manual re-processing by the user.

 

Amendment Status Change Validation Update (GMK-9617)

The validation preventing bank users from setting the amendment status to "New" from "Ready to Issue" or "Ready to Reject" for indirect guarantees has been removed. This update resolves the issue where an error message incorrectly blocked status changes when both local and counter guarantee expiry dates are present.

 

Fix for Equivalent Amount Display Issue (GMK-9639)

The issue causing the “Equivalent Amount” to display as zero for every transaction on the Guarantee list page has been resolved. The system will now correctly show the Equivalent amount for each transaction.

 

Resolution for LCE Document-Set Upload Error (GMK-9644)

The error message "Failed to Update Transaction" during the upload of corrected LCE document-sets has been addressed.

 

Update to Last Updated By Field for Exchange Rates (GMK-9652)

The system now correctly updates the "Last Updated By" field to display "System" when exchange rates are modified through data transfer.

 

Fix for User Access Rights Configuration Display (GMK-9699)

The issue causing the user access rights configuration to appear blank on the user list page has been resolved.

 

Delete Button Visibility Enhancement for Alarm Viewer (GMK-9699)

The delete button on the Alarm widget is now accessible to Alarm Viewers for alarm records that belong to them.

 

Removal of Unwanted BOM Characters in SAP Invoice Report (GMK-9771)

The issue of unwanted BOM characters appearing in the SAP Invoice Report has been addressed.

 

Task and Alarm Generation for Extend-or-Pay Transactions (GMK-9776)

The issue preventing the generation of Tasks or Alarms for Extend-or-Pay transactions with a Current Status set to "New" has been fixed. It ensures that when the Current Status is "New" on the corporate side after an Extend-or-Pay transaction is created by the bank, the appropriate Task or Alarm will now be triggered as expected.

 

Advising Bank Field Konsole Synchronization Improvement (GMK-9815)

The Advising Bank field values in Konsole will now reflect accurately on the GTC side.

• When the Advising Bank is set to ‘NO’ in GTC, any details filled in Konsole will now sync correctly.
• Updates made to the Advising Bank in Konsole, when required on GTC, will now be properly transmitted and displayed.

 

Template Visibility Restriction for Report Template Admin Roles (GMK-9826)

The issue allowing "Report Templ Admin" roles to view templates with "Myself" visibility created by other users has been resolved.

 

Fix for Extend-or-Pay Task/Alarm Email Notification Issue (GMK-9876)

Alarm notifications were incorrectly triggered for users who had a deleted access right profile, even after the profile was removed. The issue has been resolved, ensuring that alarm rules only trigger for users with active, non-deleted access right profiles.

 

Patch version 7.77.1 released on QA on November 5th 

Update to Confirming Bank Reference Population (GMK-8338)

The 'CONFIRMING BANK REF' field will now correctly populate from the BANK BUSINESS REFERENCE (21S) instead of the BANK REFERENCE NUMBER (21P) when the "Same as Advising Bank" checkbox is checked on the View Confirmation Folder page.

 

Fix for MT797 Carriage Return Formatting (GMK-9912)

The system now correctly inserts "CRLF" instead of "LF" characters when generating MT797 messages. Additionally, the phrasing for acceptance has been adjusted to comply with Swift requirements.

 

Enhancement for MT797 ACK/NAK Message Processing (GMK-9913)

The system now processes ACK/NAK messages for MT797 (Request for Cancellation – C2B) correctly, updating the message status from Sent to Acknowledged upon successful processing.

 

Update for Commitment Fee Calculation (GMK-10085)

Updated the commitment fee calculation, ensuring it is based on the unutilized portion of the credit line rather than the full amount. The fix will consider utilization through guarantees, amendments, and reductions.

 

Resolution for Duplicated WAM Rule Issue (GMK-10108)

To address the problem of duplicated WAM rules, the system now enforces unique rule IDs during the creation and updating of rules. This ensures that only the applicable WAM rule is displayed once on the transaction, eliminating confusion and ensuring accurate rule application.

 

Fronting Bank Fee Calculation Issue (GMK-10098)

The system was not calculating the Fronting Bank Fee at the end of the quarter, even when the Fronting Fee Percentage was correctly added to the Credit Line. This issue has been resolved, and the Fronting Fee will now be properly calculated at the end of each quarter for applicable transactions.

 

Patch version 7.77.2 released on QA on November 15th 

Performance Improvement for Alarm/Task Widget Loading (GMK-10298)

The system now resolves the performance issue with the loading of the Alarm/Task widget. The optimization ensures faster widget loading times, improving overall user experience and responsiveness.

 

Corrected TOTAL MAX. LIABILITY Display (GMK-9982)

The "TOTAL MAX. LIABILITY" will correctly reflect the sum of the "Maximum Liability Amount" for guarantees in "Issued" status on the View Credit Facility Details page.

 

Credit Line Effective Date Issue for European Users (GMK-8678)

The system now correctly saves the selected effective date when updating the Credit Line amount, ensuring no day is subtracted. This issue, previously affecting European users, has been resolved, and the effective date will match the user’s selection (e.g., 2024-05-03).

 

Guarantee Commission Fee Service Issue Fixed (GMK-10299)

The periodic Guarantee Commission Fee Service is now fully restored and running smoothly, resolving any previous issues that caused crashes. The system is now accurately calculating commission fees for both daily and quarterly services.

 

Patch version 7.77.3 released on QA on November 29th 

SSO Login Issue After MFA Enablement (GMK-9963)

We have resolved the issue where users were unable to log in via Single Sign-On (SSO) after Multi-Factor Authentication (MFA) was enabled.

 

Automatic Deactivation of Alarm Notifications (GMK-10314)

Alarm notifications will now automatically deactivate when the related condition is no longer true, preventing outdated alerts. If an alarm rule condition changes, users will be prompted to deactivate active notifications, and the system will now delete deactivated notifications after 30 days.

 

Update Maximum Liability Amount on Guarantee View (GMK-10359)

The system will now display the updated Maximum Liability Amount on the main guarantee view page after an amendment is issued. 

 

Quick Search for Activated Alarm (GMK-10397)

The system will now return correct search results when using the quick search for activated alarms.

 

Improved Credit Line Detail Page Loading (GMK-10400)

The performance of the Credit Line detail page has been improved to prevent timeouts during page load.

 

Retain Attachments on Q-Form Copy (GMK-10406)

The system will now retain the uploaded attachment in the original Q-form when the "Copy" functionality is used to create a new request. This ensures that attachments are not deleted during the copying process.

 

Patch version 7.77.4,7.77.5 released on QA on December 7th 

Adding Reviewer Users adds Incorrect Notification Email on LCE  (GMK-10572)

The system will now correctly add notification email of the user instead of notification email of the unit when reviewer user is added on LCE Transaction Reviewer folder.

 

Unit Level Visibility of Transactions where Unit is not a Reviewer (GMK-10578, GMK-10652)

Resolved conditions that led to Unit visibility of Guarantee transactions under their HO where Unit is not a registered reviewer.

 

Missing Mandatory Beneficiary Email field (GMK-10588)

For Guarantee Transactions delivered via DVS channel beneficiary email field is mandatory and now available on Edit page.

 

Automated Amendment Job Performance Optimization (GMK-10589)

Optimized performance of Automated Amendment Job to avoid timeouts. Enhanced logic of the component to be able to manage scope of previous days in case of unexpected issues with execution on previous schedule.

 

"Add Notes" Button Missing on "Bank Correspondence" tab (GMK-10639, GMK-10640)

Button visibility problem resolved.

 

Amendment List Performance Optimization (GMK-10647)

Optimized underlying database access queries to improve list retrieval performance.