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e'Trade
About the product:
A Software that caters to the trade finance functions of Category ‘B’
Authorized Dealer branches of the bank. The product manages the entire gamut of
exports / imports financing. The solution addresses all aspects of import
financing from limit setting to establishment of documentary credits,
amendments thereto and retirement of bills drawn under Documentary Credits.
Setting up of limits, handling of export bills and realization of bills are
some of the principal activities covered under the exports module. Also it
manages the front office and back office functions including management
reporting, accounting etc. The export / import transaction details and other
related credit limits enjoyed by the customer can be fetched with ease. Another
notable feature of the product is that it facilitates retrieval of outstanding
documentary credits and bills. It has linkages with e-Remittance, e-Shift and
Forward Exchange Contracts application solutions of Pentasoft. There is a
provision for the client access for lodging application for Documentary Credit
and for viewing status of bills.
The need for the product:
Trade Finance operations are complex in nature and impact different components
of clients’ dealings with the bank. Interactions with different sections of
branch operations for meeting the varying needs of a Trade Finance client are
required. There is a need for a consolidated and comprehensive view of the
client and transactions profile to render quick and accurate service. Besides
improving customer service such information is required for maintaining
control. Large branches of banks that are engaged in trade financing often find
it difficult to capture the details of documentary credits more so when there
are many amendments to credits. Similarly they find it difficult to track
export / import bills. Another related area is that all the transactions will
have to be catalogued in a pre set fashion to meet reporting requirements of
RBI. All this has resulted in urgent requirement for computerization of Trade
Financing operations at branch level.
Environment:
Client / Server Architecture
Oracle Server 7.3 or above
Windows NT Server,
Windows 95 for Client
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