ITS Trade Finance

ITS' trade finance system automates import and export business and provides integration to remote customer stations, allowing for the electronic transmission and receipt of updates. The easy-to-use graphical user interface simplifies data entry process through timesaving features such as templates for repetitive business; libraries for frequently used data such as names, addresses and common phrases; and customized fee tables for the automatic calculation of fees and commissions. These features allow for a more efficient processing of transactions, translating into increased productivity, increased accuracy and growth in business without necessarily increased staff requirements.

Designed to endure the test of customer demands and bank operations over time, ITS' trade finance solution includes a full-featured back-office network, as well as an interface to corporate workstations, putting the full range of ITS trade finance services at your customer's fingertips. ITS’ trade finance system establishes a competitive edge and protects your banks investment with prevailing LAN technology. ITS' trade finance system is designed to handle the processing of Letter of Credit, Letter of Guarantee, Bills for Collection, Telex Transfers and shipping guarantee. The system has embedded and powerful workflow to process trade finance transactions like Murabaha LC. The system is fully integrated with ITS' core banking system - all financial transactions related to customer deposit account, Islamic Finance account or GL accounts are automatically posted to the core banking system.