Enhancements
Additional Type of Undertaking Options in Dropdown (GMK-8060)
The dropdown menu for Type of Undertaking (22K) = [OTHR] now includes additional options:
- Hard Letter of Comfort
- Litigation Guarantee
- Offset Guarantee
- Tax Guarantee
- Weak Letter of Comfort
- Other - See Corporate to Bank Info.
Fronting Bank Full Liability in Syndicated Guarantees (GMK-8585)
Users can now indicate that the fronting bank holds full liability for guarantees issued under a syndicated line. The system enforces both the share amount limit and syndicate limit while issuing guarantees and adjusts earmarking accordingly when a credit line is specified.
Centralized Document Access for Guarantees and Letters of Credit (GMK-9240)
All uploaded documents related to a transaction are now accessible from a single location. The system consolidates attachments from various screens into the "Other Documents" tab, and the transaction summary section has been updated to provide easy access to all files.
Ability to Set Alarm for Undelivered Outgoing Messages (GMK-9406)
A new condition, “In Sent Status,” has been added to the Task and Alarm module for message box templates. This allows users to configure alarms for outgoing messages that remain undelivered beyond a predefined time.
Prevent Automatic Expiry for Guarantees with Ongoing Extend or Pay (GMK-9467)
Added a new condition in the automatic status change which ensures Guarantees remain in Issued status if an Extend or Pay process is in progress. The system will check the Latest Extend or Pay Expiry Date before automatically changing the status to Expired.
Enable Amendment and Reduction for Expired Guarantees (GMK-9558)
Users can now create an Amendment or Reduction for guarantees in Expired status without requiring a status reset. Additionally, CSV file uploads support amendments and reductions for expired guarantees.
SSO Logout Enhancement for GlobalTrade Platform (GMK-9678)
Logging out from the GlobalTrade platform now also terminates the SSO session, ensuring users must re-enter their credentials when logging back in.
Support for 20-Digit Phone Numbers in GTC (GMK-9975)
The interface now supports processing and updating phone numbers up to 20 digits.
Display "Currency and Amount (32B)" in Export LC Summary (GMK-10048)
The "Un-Utilized Amount" field has been replaced with the "Currency and Amount (32B)" on the Export LC summary section for better usability.
Allow Business Unit Users to Select Head Office as Obligor in Q-Form (GMK-10050)
The Obligor dropdown in the Q-Form now includes the Head Office in addition to the logged-in business unit, enabling users to select the appropriate entity earlier in the process.
Include Last WAM Approvers in Cover Letter (GMK-10051)
The document template now includes two new variables—Last WAM Approver and 2nd Last WAM Approver—allowing the cover letter to display the full names of the final two approvers.
Restrict Document Deletion After Guarantee Application (GMK-10052)
Users can no longer delete documents from the Document Tab once the guarantee reaches Applied status. A new role, GI Document Manager, has been introduced to allow controlled deletion beyond this stage.
Add Address Book Entry Without Leaving Transaction Page (GMK-10053)
GTR users can now add address book records directly from the transaction page without navigating to the address book module. New dropdown fields for country selection and checkboxes for adding details to the address book have been introduced, streamlining the process.
Use Period-To-Date Exchange Rate for Estimated Fees (GMK-10077)
A new field, "exrate," has been added to the Estimated Fee table. The system now considers the exchange rate for "Period To Date" instead of the due date when calculating estimated fees. If no exchange rate is available, the due date rate will still be used.
Add New Columns to Q-Form List Pages (GMK-10133)
The Q-Form List page now includes additional columns: Category 5 (Division), Requestor Name, and Contract Number, improving work management visibility.
Add Variables to GTI Document Template (GMK-10666)
New variables, including internal information fields, local guarantor details, governing law country code, and guarantee amount in letters, are now available in the GTI document template.
Decouple G30 – GI Issuer Role for Better Access Control (GMK-10707)
The G30 – GI Issuer role has been split into six distinct roles for guarantees, amendments, and reductions, with separate roles for borrower entities. This allows finer control over user permissions while maintaining existing access for current G30 users.
Auto-Update Channel to Konsole for Linked Transactions (GMK-10722)
When a Konsole Bank sends a validation message linking an existing guarantee, the system now automatically updates the channel to Konsole.
Fixes
Fee Distribution with Multi-Currency and Multi-Applicant (GMK-9694)
The fee distribution now works correctly for multi-party transactions with both multi-currency and multi-applicant setups. The estimated fee formula has been adjusted to ensure accurate fee splits while maintaining the correct total fee.
WAM Approval Alarm Now Triggers Only When All Approvals Are Collected (GMK-9922)
The alarm condition "(GTI) WAM Approval Status Like Approved" was triggering after each individual approval instead of when all approvals were collected. The system now ensures notifications are only generated when the overall WAM status is "Approved."
Clause Popup Search Error Resolved (GMK-9951)
Clicking the search icon in the clause popup list was causing an authorization error and crashing the popup. This issue has been fixed to ensure smooth functionality.
SSO Login Fails After MFA Enablement (GMK-9963)
Users with MFA enabled were unable to log in via SSO, encountering error 600. This issue has been resolved.
The Language of Guarantee (12L) Field is Now Sent in Uppercase (GMK-10047)
The Language of Guarantee (12L) field on MT784 is now sent in uppercase to ensure proper message processing by banks.
Logging fixed for Estimated Fee Calculation Setup (GMK-10102)
The system now records activity logs for Fee Calculation Setup when the frequency is set to "Estimated." This ensures that all changes, including formula modifications, are logged.
Enable Commission Calculation for Future-Dated Reductions/Amendments (GMK-10447)
The system will now handle reductions and amendments with future effective dates, ensuring commission is calculated as expected for monthly-based commissions. This update resolves the issue where commissions were not calculated for such transactions.
Resolve Issue with Deleting Amendments in GTC Data Transfer (GMK-10606)
The issue where amendments were deleted during data transfer via GTC, without moving to the new bank, has been fixed. The solution ensures that all child transactions, including amendments, reductions, claims, and extensions, are copied to the new guarantor as intended.
Fix Amendment List Timeout (GMK-10615)
The issue causing a timeout when opening the amendment list due to sub-unit filtering has been resolved, improving performance and response time.
Remap GTK Borrower to Konsole Obligor (GMK-10615)
The system now maps the GTK borrower to the Konsole obligor, aligning with SWIFT field 51 for accurate transaction processing.
Fix Duplicate Logging of 2nd Level Approval on 3rd Level User Approval (GMK-10738)
Resolved an issue where the platform incorrectly logged the 2nd level approval again when a 3rd level user approved a transaction. Now, each approval level is logged only once as intended.
Missing Start and End Timestamps for FeeScheduleJob (GMK-11090)
The platform now correctly records start and end timestamps in the System Services table for the Service Name "FeeScheduleJob", ensuring accurate tracking of job execution.
Ensure API Messages Are Visible to All Parent Units (GMK-11092)
API messages from a grandchild business unit are now visible to all parent units in the organizational hierarchy, aligning with the visibility rules for transactions and the message box.