Standby LC/Guarantee Receipt System manages the complete process of handling incoming standby LCs, bank guarantees, corporate guarantees and surety bonds. Enables electronic communication with banks.

 

Benefits For Corporates

  • Real-time monitoring of total exposure to counterparties and banks
  • Speeds up preparation of claims
  • Automated and customizable alerts on key transaction dates and statuses
  • Web-interface for communication with financial institutions
  • Out of the box SWIFT MT 798 connectivity

 

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