Our Products
Showing 1-3 of 3 products
Trade Finance Software
Import Documentary Credits & Collections
- Issue Letter of Credit
- Amend Letter of Credit
- Reverse Letter of Credit
- Register documents under Letter of Credit & Collections
- Register and record Acceptance/Refusal
- Retirement of documents under Letter of Credit & Collections
- Issue Shipping guarantees
- Open Accounts
- Avalization
- Inward Bill Discounting
Export Documentary Credits &
Non-documentary Collections/Discounting
- Advise Export Letter of Credit
- Confirm/Transfer Letter of Credit
- Register/send Documentary & Non-documentary collections
- Negotiation/Discounting of Export LC & Non-LC bills
- Realization of collection/negotiation/discounted bills
- Pre-shipment financing (PCFC & EPC)
- Factoring
- Reverse Factoring (Anchor)
Inland Bills & Guarantees
- Inland LC Issue & Retirement of Bills
- Non-LC collection bills
- Inland LC Advising, Collections & Negotiations
- Inland Non-LC Bill Discounting
- Issue outward Bank Guarantees & Advise inward Bank Guarantees
- Amendment of outward Bank Guarantee
- Register Claim from beneficiary
- Settle/reject Claim
- Legal suspension of Guarantee
Supply Chain Financing - Factoring
Factoring
- Enabling the bank’s customer to initiate Invoice/cheque discounting
- Discounting can be with recourse or without recourse
- Facility to lodge multiple invoices for discounting purposes
- Maintaining Counterparty (buyer-wise) limits
- Customer Limits will be sourced from Core Banking system
- Validation of Limits and available balance
- Recording realization details and closure of record
- Recovering Interest, Commission etc.
- Integration with Core Banking and Courier systems
Escrow Management Software
Escrow is an arrangement whereby the underlying Asset/Security such as License, ,Source Code, Properties, Fiduciary Assets etc. is delivered to a third party (called an escrow agent) to be held in trust pending a contingency or the fulfillment of a condition or conditions in contract as agreed to between the parties.
Escrow is also used for RERA accounts between Banks and Builders for Housing Projects. Builders can enter into agreement with the Bankers to maintain their RERA accounts as per norms which would be adhered to, and the bank would release funds progressively across various builder’s expense accounts as per arrangement.
The underlying Asset/Security is retained by the Escrow Agent until the accomplishment of the Objective for which the Escrow arrangement was created.
