LC Confirmation Management System
TradeLINK manages the LC confirmation lines properly as well as generates proper MIS.
Features & Functionalities
- Business (Relationship Manager/Branch/Trade Service Department) will be able to send their confirmation requirement through web.
- Records the request of items and follow-up of its execution.
- Search correspondent bank and send email for confirmation rate through system.
- Correspondent bank confirmation rate entry and auto comparison of rate.
- Inform customer correspondent bank and confirmation rate by email through system.
- Issuance of LC.
- Adding of confirmation in the LC.
- Bill entry, tracks and records the pricing of confirmation and financing with maturity date of payment.
- Auto calculation of customer charges, correspondent bank charges and spread income based on various basis.
- Bill payment.
- LC amendment.
- Multi currency.
- Auto reminder on LC expiry, bill entry and bill payment.
- Extensive reports.