Online Trade Finance Solutions - ICBC (Asia)
Online Trade Finance Solutions
E-presentation Platform
ICBC (Asia) is now providing a set of paperless trade finance solutions for our customers, which not only saves the time cost of mailing documents between different parties of a trade transaction, but also reduces the risk of losing the important documents and enhance customer experience.
Applicable Scenarios
In global trade flows, you wish to handle the trade documents in digital form instead of in the traditional paper-based form for business processing.
Service features
- E-presentation is a much more efficient way of presenting the documents, it has successfully replaced the traditional method of presentation in some commodity business transactions. The E-presentation indicates the trend of electronization in international trade settlement. It saves the time costs and allows the importers to take delivery of goods as soon as possible.
Trade Finance blockchain Platform
ICBC (Asia) has joined a few blockchain platforms, and is devoted to promoting blockchain and financial technology innovative application in trade finance businesses, and enhancing cross-border trade financing and customer experience with a more efficient, convenient and reliable manner.
Applicable Scenarios
When you and your counter-party as well as its bank join the same blockchain platform, you can perform actions including document information checking, application submission to ICBC (Asia) and transaction progress tracking via the platform, which will further enhance business efficiency.
Service features
- The blockchain platform safeguards information security by data cross-verification nodes that cannot be tampered, the Bank can rely on trustworthy trade transaction information and avails the digital channel to replace the traditional ways of passing the paper documents, which not only safeguards the security for transaction and improves the information checking efficiency for funding, but also facilitates the turnover of the corporation.
Commercial Mobile and Internet Banking
The L/C issuance and financing, import collection financing, import and export invoice financing can be realized via Commercial Internet Banking. Among the aforementioned businesses, import and export invoice financing application could be authorized via mobile banking. You can have a more flexible, more efficient, more secured and more convenient user experience by using ICBC (Asia) Commercial Internet Banking Services.
| Service | Functions | ||
| Submission of application/ instruction | Enquiry of Transaction Status | Download processing advice/ LC copy | |
| Import LC application/Amendment* | |||
| Import LC Documents (with Loan application) | |||
| Export LC | |||
| Export LC Documents | |||
| Import Collection (with loan application) | |||
| Export Collection | |||
| Export Invoice financing* # | |||
| Import Invoice financing* # | |||
| Guarantee/SBLC application/Amendment* | |||
| Guarantee/SBLC advising | |||
| Loan Enquiry and Loan repayment# | For all loan types | ||
| Download Forms | Click here | ||
| Outstanding Report | List out all outstanding transactions as of previous day | ||
Remarks:
*Support documents upload.
#Provide commercial mobile banking inquiry and authorization function.
To borrow or not to borrow, borrow only if you can repay.
