ICS BANKS® Trade Finance
The ICS BANKS® Trade Finance system manages Letters of Credit and Guarantee as well as Documentary Bills for Collection. The solution efficiently directs transfers, maintenance, preparation and multi-currency entries posts with customer-friendly control – all integrated with SWIFT message processing. ICS BANKS® Trade Finance is a complete STP system with a powerful processing layer that automates
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Editorial Team
- May 12, 2021
- 1 minute
The ICS BANKS® Trade Finance system manages Letters of Credit and Guarantee as well as Documentary Bills for Collection. The solution efficiently directs transfers, maintenance, preparation and multi-currency entries posts with customer-friendly control – all integrated with SWIFT message processing.
ICS BANKS® Trade Finance is a complete STP system with a powerful processing layer that automates the application handling and processing. The system can be implemented to initiate the processing from the branch or can be a fully centralised processing centre.
The system handles:
- Import Letter of Credit
- Export Letter of Credit
- Documentary Export Bills for Collection
- Documentary Import Bills for Collection
- clean collections outward
- outwardLetter of Guarantee
- inwardLetter of Guarantee
- Shipping Guarantee
- Loans against Trust Receipts(LTR)
- Letter of Credits Refinancing
The system is integrated with the Business Process Management module, BANKS BPM®, which provides a full workflow cycle of applying, studying, approval and processing trade finance requests. The system is also integrated with the ICS BANKS® Internet Banking System (IBS).
