Bank Guarantee renewal and closure must be recorded in EDI and notified to the Bank Guarantee Cell for reconciliation and reporting. Groups must record all bank guarantee renewals and closures in the EDI system and inform the Bank Guarantee Cell; renewals are made by amending expiry dates in EDI and closures by closing the bond and guarantee entry. The Bank Guarantee Cell must generate the monthly list of expiring guarantees from EDI, reconcile it with any PC-maintained data to add missing entries, and circulate the reconciled report to Groups. Groups must continue to submit the monthly action report on expiring guarantees as required by standing order procedures.
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Bank Guarantee renewal and closure must be recorded in EDI and notified to the Bank Guarantee Cell for reconciliation and reporting.
Groups must record all bank guarantee renewals and closures in the EDI system and inform the Bank Guarantee Cell; renewals are made by amending expiry dates in EDI and closures by closing the bond and guarantee entry. The Bank Guarantee Cell must generate the monthly list of expiring guarantees from EDI, reconcile it with any PC-maintained data to add missing entries, and circulate the reconciled report to Groups. Groups must continue to submit the monthly action report on expiring guarantees as required by standing order procedures.
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