Export Documentary Credit System is a global web-based LC database that allows you to receive documentary credits electronically from banks, prepare compliant documents and share information across business units and logistics providers.

 

Benefits for Corporates

  • Improved efficiency in LC handling through collaboration on the platform
  • Supports centralized and decentralized operations
  • Reduction of operational risk through permanent alerts on key LC dates
  • Reduction of DSO through electronic presentation of documents to banks
  • Reduction of discrepancies through integrated doc prep module
  • Out of the box SWIFT MT 798 connectivity
  • Ability for banks to examine paper documents online
  • Direct presentation of documents from the beneficiary to the Issuing Bank

 

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