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
