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Export Documentary Credit
| Our @GlobalTrade Export Letter of Credit system allows corporates to receive documentary credits electronically from their banks, share LC details with various divisions, subsidiaries and/or factories throughout their organization, prepare compliant documents, and collaborate on those documents with logistics providers. Banks authorized to access the system could pre-check such documents electronically before they are presented and thereafter receive a fully electronic or a mixed paper and electronic presentation as per eUCP. |
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Benefits for corporates
- Reduced operational risk
- Assistance in preparation of compliant documents
- Quick presentation
- Improved monitoring and control
- Ability to turn receivables into cash quicker
- Improved efficiency in LC handling
- Easy creation of reports
- Notifications and alerts
Benefits for banks offering @GlobalTrade Export LC System
- Closer relationships with clients
- Opportunity to increase the number of LCs advised
- Customer service image
- Technology to provide outsourcing services
- Chance to offer additional value-added trade services
Benefits for Logistics Providers
- Faster delivery of documents to clients
- Reduction of courier fees and manual data entry
- Ability to offer better customer service
Request DaimlerChrysler Case Study
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