TradeLINK: LC Confirmation Management System
TradeLINK manages the LC confirmation lines properly as well as generates proper MIS. Bank officials will be able to send their LC confirmation request online. Benefits of using the system are - records the request of items & follow up of its execution, tracks & records the utilization of confirmation lines, tracks & records the pricing of confirmation and financing with maturity date of payment, records LC settlement, vast MIS including report on rebates/spread income from the LC confirmation business.
Features & Functionalities
- Business (Relationship Manager/Branch/Trade Service Department) will be able to send their confirmation requirement through web.
- Records the request of items and follow-up of its execution.
- Search correspondent bank and send email for confirmation rate through system.
- Correspondent bank confirmation rate entry and auto comparison of rate.
- Inform customer correspondent bank and confirmation rate by email through system.
- Issuance of LC.
- Adding of confirmation in the LC.
- Bill entry, tracks and records the pricing of confirmation and financing with maturity date of payment.
- Auto calculation of customer charges, correspondent bank charges and spread income based on various basis.
- Bill payment.
- LC amendment.
- Multi currency.
- Auto reminder on LC expiry, bill entry and bill payment.
- Extensive reports.
Clients
Testimonials
