Trade Hub: Online Corporate Trading Channel

The key features of the system:

Speedy and efficient performing of transactions: The system provides an integrated electronic platform for sending and receiving trade finance transactions . This enables fast and efficient transaction processing, from initial requests to completion by Central Operations Department.

1. 1. Speedy and efficient performing of transactions: The system provides an integrated electronic platform for sending and receiving trade finance transactions. This enables fast and efficient transaction processing, from initial requests to completion by Central Operations Department.
   2. Automated report generation: Users can easily and automatically obtain all necessary reports directly through the system, without the need for manual processing or referring to the bank.
   3. Improved service quality: The "Trade Hub" system aims to enhance and elevate the quality of services provided to customers, ensuring a higher level of satisfaction.
   4. Reduced transaction time: Transactions are received and processed in real-time through the system, minimizing the time required to complete them.
   5. Correspondence and inquiries: Clients have the capability to correspond directly with the bank and send transaction inquiries through the system, facilitating effective communication and prompt resolution of queries or concerns.
   6. Access to reports and notifications: Customers can conveniently access all reports and notifications related to their transactions directly via the system, ensuring transparency and easy availability of essential information.

System Services
1- The system provides the following Trade Finance products for subscribers to send and receive their transactions electronically:

Documentary Credits

• Import letters of credit: Issuance, amendments, acceptances, settlements, and correspondence.
• Export letters of credit: Advising, confirmation, amendments, transfer, negotiation, acceptances, discounting, settlements, and correspondence.

Documentary Collections 

• Import bills for collection: Advising, acceptance, settlement, and correspondence.
• Export bills for collection: Issuance, acceptance, settlement, and correspondence.

Undertakings

• Issued undertakings, including letters of guarantee (bank guarantees) and Stand by LCs, with related transactions: Issuance, amendments, and correspondence.
• Received undertakings, including letters of guarantee (bank guarantees) and Stand by LCs, with related transactions: Advising, amendments, claims, and correspondence.
• Shipping guarantees are also supported.

2. Generate reports, knowing the financial position of trade finance transactions, and follow them up at any time.
3. Obtaining notifications & output of transactions executed by the Trade Finance Center at any time.