|
|
The Trade Finance module provides
financial institutions with the tools to run a trade finance department.
Financial institutions can provide their customers with a wide range of
import and export trade finance transactions including commercial letters
of credit, standby letters of credit, amendments, bills/negotiations, and
documentary collections.
The custom branded platform is scalable in design and provides collaboration
technologies enabling multiple parties to interact with, track, and manage
trade finance transactions from initiation to completion in real-time. The
solution allows financial institutions to reallocate, reduce, or eliminate
the risks associated with international trade.
|
Transaction Types
Commercial Letters of Credit
Bills Under Letter of Credit
Standby Letters of Credit
Amendments
Documentary Collections
|
Features
Submit LC, bill, amendment, and collection applications
Customer and bank LC templates
Track transaction status
Credit approval and denial
Verbiage review and edit
Track verbiage changes (i.e. on-screen red-lining)
Accept or reject highlighted verbiage changes
Create and edit templates
Transaction event email notification
Trace bills/documents from courier
Grant view-only access to exporter/importer
LC pre-application creation by exporter
Outsource trade finance process to correspondent bank
Transaction audit trail
Customizable reports
User management
Customer management
Customer dual or single control option
Help system with keyword glossary and FAQ's
|
|
|
