BankTrade

BankTrade® is a back-office application designed to automate and streamline Trade Finance operations for financial entities. According to the vendor, it caters to the needs of Trade Finance Banks, corporate clients in the financial supply chain, financial institutions offering Trade Finance services, as well as trade finance and supply chain professionals. With its comprehensive features and adherence to industry standards, BankTrade® is positioned as a solution that can benefit businesses of various sizes in the trade finance industry.

Key Features

Commercial Letter of Credit Processing: According to the vendor, BankTrade® supports the end-to-end processing of commercial letters of credit, enabling banks to efficiently manage issuance, amendment, and settlement of LCs while aiming to ensure compliance with industry standards.

Standby Letter of Credit Processing: BankTrade® provides comprehensive functionality for processing standby letters of credit, according to the vendor. This functionality allows banks to effectively manage issuance, amendment, and settlement of standby LCs while aiming to adhere to industry standards and regulations.

Guarantee Processing: The vendor states that BankTrade® offers robust capabilities for handling various types of guarantees, including bid bonds, performance bonds, and advance payment guarantees. It facilitates the issuance, amendment, and settlement of guarantees with accuracy and compliance.

Collection Processing: According to the vendor, BankTrade® supports the efficient processing of both incoming and outgoing collections, empowering banks to handle document preparation, presentment, acceptance, and payment processing for collection items.

Reimbursement Processing: The vendor claims that BankTrade® simplifies the reimbursement process, enabling banks to manage reimbursements accurately and efficiently. It supports the reimbursement of payments made under LCs or guarantees, aiming to ensure timely processing.

Payment Processing: According to the vendor, BankTrade® provides secure and efficient payment processing capabilities, allowing banks to handle various types of trade finance payments, including LC payments, guarantee payments, and collection payments, while aiming to adhere to industry standards and regulations.

Trade Finance Loans & Discounts: BankTrade® offers comprehensive functionality for managing trade finance loans and discounts, according to the vendor. It enables banks to administer loan facilities, including disbursement, repayment, and interest calculations, providing financing solutions to their customers.

Integration Module with CTNet, SWIFT, Bolero, and TSU: The vendor claims that BankTrade® seamlessly integrates with CTNet, SWIFT, Bolero, and TSU, facilitating efficient communication and data transfer with these external systems to streamline trade finance operations.

Integration tool kit for other non-BT Systems Target Applications: According to the vendor, BankTrade® provides an integration tool kit that allows banks to integrate the system with other non-BT Systems target applications, aiming to ensure interoperability and data exchange with existing systems.

Real-time Reporting Engine - TradeStats: BankTrade® includes TradeStats, a real-time reporting engine that enables banks to generate comprehensive reports on trade finance transactions and activities, according to the vendor. It aims to provide valuable insights and trend analysis for informed decision-making.