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Import Documentary Credit
| Our @GlobalTrade Import Documentary Credit system allows buyers to standardize and simplify their import LC application and amendment process with their suppliers and all their credit-issuing banks. When integrated with the ERP system, purchase-order data can be easily imported into an import LC application and immediately sent out to an issuing bank through a secure web-based platform. The import LC message can be sent to the issuing bank in SWIFT, DTA, or specific XML format, facilitating straight through error-free processing. |
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Benefits for corporates
- Availability of real-time information on utilization of credit facilities across all banks
- Faster import LC application processing
- Internal cost savings
- Reduction of errors
- Easy creation of reports
- Notifications and alert
Benefits for banks offering @GlobalTrade Import LC system
- Closer relationships with clients
- Customer service image
- Technology to provide outsourcing services
- Chance to offer additional value-added trade services
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