Import Documentary Collection System provides treasury with an electronic interface for receipt of import documentary collections from its banks. Banks can access the system to send and receive authenticated messages to communicate on any collection matters.
Benefits for Corporates
- Improved monitoring and control through a global import documentary collection database
- Faster processing of import documentary collections
- Electronic notifications and alerts of new collections received
- Improved efficiency in collections handling
- Easy and automated creation of reports
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