Banking solutions


E-Trade Solution is  A Software that caters for the trade finance functions of the bank branches that authorized for the trade finance operations. The product manages the entire bank trade operations of exports / imports and financing. The solution addresses all the aspects of import financing from the limit setting to the establishment of the documentary credits, amendments thereto and retirement of bills drawn under Documentary Credits

Trade Finance Products supported by the module

Letters of Credit Imports/Exports (issuance and advising)
Negotiation Inward/Outward (process import/export bills under L/C)
Collections Inward/Outward (process import/export collection bills)
Shipping Guarantees
Bankers’ Guarantees
Trust receipt and export

General features of Trade Finance:

Automatic generation of reference numbers
Uploading of Incoming MT700
Generation of all the necessary SWIFT/Telex messages and Advices
Multi-currency, multi branch transaction
Base / local rates and equivalents for each transaction
Auto expiry/maturity functions
Stringent Authorization procedures.