Import Documentary Credit System standardizes and simplifies import documentary credit application, amendment, drawing and payment reconciliation process.
Benefits for Corporates
- Real-time monitoring of bank, country, project, and counter-party exposure
- Faster Import Documentary Credit issuance and amendment process
- Real-time visibility into the company’s global Import Documentary Credit data base
- Ability to react faster to changing market conditions due to electronic access to information
- Quicker access to information due to the on-line availability of applications, issued LC, amendments, drawings, and shipping guarantees
- Reduced operational and financial risk
Benefits for Financial Institutions
- SWIFT messaging for seamless integration with back-office systems
- Cost savings due to digital processing of transactions
- Improved efficiency in communication with corporate clients
- Ability to offer innovative trade services on top of a multi-bank trade finance platform
- Access to a targeted community to sell trade finance products and services