Trade Finance

Trade Finance with Business Online

Trade Finance solution provides Documentary Trade and Open account trade finance (OATF) facilities to our Business Online clients.

Some of the benefits

Control

Control your finances through segregation of duties

Regulatory

The International Trade Finance solution is fully compliant with regulatory requirements

Powerful functionality

Powerful functionality lets you search transactions to easily find specific items

Security

Transact safely with two-factor authentication, user access control segregation of duties, audit reports etc

What you get

The Trade Finance solution provides the following:

The ability to transact easily and affordably from your own office, at any time of the day or night
A simple, well designed interface for easy and intuitive operation
Saved parties, templates and clauses to save you the time of having to re-enter commonly used information
Strong security, adhering to industry standards and fully compliant with regulations and best practices
Segregation of duties and roles, making it possible to safely delegate tasks and responsibilities. Each user has their own authorisations and limits, in line with your business rules

Features

The Trade Finance solution lets you do the following:

Manage documentary trade and OATFs transactions throughout their lifecycle
Receive advices and submit supporting documents electronically
Use the system-generated draft SWIFT feature to negotiate import letter of credit conditions directly with the supplier
Comply with all regulatory requirements
Create your own workflow solution to receive email notifications on events initiated by both you and the bank
Communicate securely with the bank
Customise and create up-to-date transactional reports in Excel
Securely upload batch invoices and files to initiate OATF transactions

Documentary Trade

Our documentary trade services help those conducting trade in international markets. We make it easy to give instructions to the bank, receive advices and secure messages, and originate trade transactions throughout the transaction life cycle.

Documentary Trade products include:

Import letters of credit
Import collections
Export letters of credit
Settlement of trade transactions

Support

A Standard Bank representative will assist you to determine the requirements of your business and will guide you in the creation of the profiles. Once the profile is created, a bank representative will provide training on the product at your business premises. Users can contact the specialised client contact centre where our highly trained operators can assist with product-related queries as well as navigation.

What you get
Features
Documentary Trade
Support

The Trade Finance solution provides the following:

The ability to transact easily and affordably from your own office, at any time of the day or night
A simple, well designed interface for easy and intuitive operation
Saved parties, templates and clauses to save you the time of having to re-enter commonly used information
Strong security, adhering to industry standards and fully compliant with regulations and best practices
Segregation of duties and roles, making it possible to safely delegate tasks and responsibilities. Each user has their own authorisations and limits, in line with your business rules

The Trade Finance solution lets you do the following:

Manage documentary trade and OATFs transactions throughout their lifecycle
Receive advices and submit supporting documents electronically
Use the system-generated draft SWIFT feature to negotiate import letter of credit conditions directly with the supplier
Comply with all regulatory requirements
Create your own workflow solution to receive email notifications on events initiated by both you and the bank
Communicate securely with the bank
Customise and create up-to-date transactional reports in Excel
Securely upload batch invoices and files to initiate OATF transactions