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.
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What you get
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Features
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Documentary Trade
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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
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
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.
We also offer
Forex Trading
Forex (FX) Trading with Business Online
International Payments
Business Online allows you to process your cross-border payments and transfer funds between your Foreign Currency accounts.