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 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
• Letter of Guarantee (Local and Foreign LG’s)
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)
For further information about ICS BANKS® Trade Finance, please do not hesitate to contact us at contactus@icsfs.com
