News: EU joins new states
April 30, 2004
On Saturday, May 1st 2004, the European Union welcomes 10 new states: Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia.
This move has significant political and economic meaning, as the union becomes a powerful global entity, consisting of 25 states and 450 million inhabitants.
If your bank uses
CreditGen to issue and manage L/C applications, these changes should be updated in the "countries" table. However, there is no need for a software update from TradeSoft. If you wish to update the table please follow these steps:
(The instructions on this page are in English. If you are using a localized version of CreditGen please refer to the Administrator's Manual supplied with the system)
- Run CreditGen.
- From the Tools menu choose Administration Mode.
- Enter the administrator's password.
- Click on the Manage currencies/countries tables link.
- For each new member of the EU, do the following:
- On the Countries displayed to users list, click on the country's name.
- Check the A member in merchant trade pact of the E union option on the bottom of the dialog window.
Note: You might want to consider availability of currencies in the L/C application form, using the
Manage currencies lists.
It is also recommended to inform users about such modifications using the
Administrator's announcements panel.
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