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Products and Services

@GlobalTrade Systems

link_arrow Import Documentary Credit
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link_arrow Standby LC/Guarantee Issuance
link_arrow Standby LC/Guarantee Receipt
link_arrow Import Documentary Collection
link_arrow Export Documentary Collection
link_arrow Supply Chain Finance
link_arrow SWIFT To DTAEA Converter
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link_arrow Dynamic Message Converter
link_arrow Ucon
link_arrow MT798 Testing Services

 

Case Studies

link_arrow Automotive producer
link_arrow Airbus
link_arrow Siemens

 

@GlobalTrade Platform has been awarded with the SWIFTReady for Corporates Trade & Supply Chain Finance label

swift for corp

 

Export Documentary Credit System

@GlobalTrade Export Documentary Credit (ELC) System enables the corporate treasury to receive documentary credits electronically from their banks, share LC details with business units globally, prepare compliant documents, and collaborate on these documents with logistics providers. Corporates can also use the system to send documents electronically to their banks for pre-checking before they are presented and thereafter submit a fully electronic or a mixed paper and electronic presentation as per eUCP. Banks can access the system through the internet or can communicate via the SWIFT network.

Benefits for Corporates

  • Global electronic Export Documentary Credit database
  • Discrepancy-free documents
  • Ability to turn receivables into cash quicker (DSO savings of 3 to 10 days)
  • Improved efficiency in Export Documentary Credit handling
  • Customized Export Documentary Credit approval process
  • Improved monitoring and control
  • Reduced operational risk

Benefits of SWIFT Interface

  • @GlobalTrade Export Documentary Credit System can connect the corporate treasury and all business units to multiple banks through the SWIFT network. @GT SWIFT Connector submits LC applications directly to the issuing bank using the SWIFT MT798 Messages. The system also receives confirmations of LC and amendment issuance from SWIFT.
  • Opportunity to increase the number of LCs advised
  • Connectivity costs are low due to sharing of the SWIFT channel with other treasury areas: payments, securities, FX, E&I, bank accounts, and additional trade finance messages (Guarantees/Standbys, Import Documentary Credits)
  • Enables true straight-through processing of LC data from advice receipt and allocation to business units to document generation and presentation.

Export Documentary Credit

Request Case Study
(Learn how leading automotive producer is benefiting from @GlobalTrade Export Documentary Credit System)

When are Export Documentary Credits used?

Export Letters of Credit provide a commitment given by the Importer's bank to the Exporter that they will pay on behalf of the Buyer. For a transaction to be successful, shipping documents must be presented according to conditions pre-agreed with the Importer. The terms under which payment will be made are known in advance of shipment: timescales, despatch dates and other arrangements are agreed between buyer and seller and are built into the Export Letter of Credit documentation.
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