| Trade Finance |
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A fully-integrated application meeting the needs of both local and global banks, TrustBank’s trade Services module supports all trade finance processing functionality. It is designed to satisfy and support the processing and reporting needs for documentary credits, standby letters of credit, collections, bonds & guarantees, shipping guarantees, reimbursements, remittances, participations & syndications and loans. It also automatically captures and generates SWIFT messages and documents
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The products are component-based and facilitate the processing of trade finance products and related activities for all parties involved. This is achieved by automating all aspects of the business flow and minimising the need for data entry at all stages of the process. The overall design allows standardised processing whilst maintaining the flexibility to tailor the system according to regional needs and requirements. TrustBank Trade Finance is user-friendly and feature-rich. It enables management to fully monitor and control the workflow. The system is seamlessly integrated with SWIFT, Telex and document management systems. It’s a complete end-to-end solution, covering every step from customer input via the TrustBank e-Banking module through to a bank’s back-office.
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TrustBank Trade Finance makes decision-taking and risk assessment easier, since it takes over the bulk of the administrative procedures, at the same time giving comprehensive information online. Management information is available immediately through online enquiries or customised reports. It boosts productivity, thus enhancing the options of processing increased business volumes without impact on staffing. TrustBank Trade Finance provides total security and comes with easy auditing of all processes.
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| Features |
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| Import & Export Documentary Credits |
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Unconfirmation and Confirmation. Sight and Usance. Red Clause and Cumulative. Export LC Transfer. |
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| Import & Export Standby Letters of Credit |
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| Commercial and financial Standby LC. Evergreen Standby Letters of Credit. |
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| Import & Export Collections |
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