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YES TRANSACT SMART TRADE

Now initiate trade finance transactions right from the comfort of your office without visiting the branch or sending physical requests. YES TRANSACT SMART TRADE is a secure web based portal which allows you to place transaction requests through your Corporate Net Banking account, after which the transaction is automatically processed by the Bank. Enjoy paperless, convenient banking for all your trade finance needs!

Products:

  • Letter of Credit – Issuance and Amendment

  • Bank Guarantee – Issuance and Amendment

  • Bill Acceptance

  • Bill Payment

  • Remittances (Imports & Miscellaneous Remittances)

  • Pre-shipment Finance

  • Post-shipment Finance

  • Direct Import Payments integrated with IDPMS portal

 

Key Benefits:

  • Easy to use and secure web portal

  • Real time e-mail alerts & notifications

  • Standard templates for repetitive transactions

  • Comprehensive dashboard to view all transactions

  • End to end management of transaction requests

  • Beneficiary Repository for all relevant beneficiary details

  • Bulk Upload and Authorization for multiple transactions

  • Paperless Direct Import Payment leveraging IDPMS portal for selective corporates

  • Repository on ‘BOE pending(Outstanding with bank for submission)’ and ‘Payment Pending(IDPMS report)’

  • Real time limit view at the time of placing the transaction request

  • Online retrieval of LC draft in MT700/MT707 format before submission to bank

 

Trade MIS:

Online retrieval of various trade related reports through Corporate Internet Banking

  • FD details (lien and balance enquiry)

  • Bills(booked, liquidated outstanding and overdue)

  • Bill of entry outstanding

  • Buyers credit (outstanding and liquidation)

  • Bank Guarantee outstanding

  • Real time limit utilization details and summary

  • Trade advices ( Debit & Credit)

  • Document Arrival Notice

  • Swift copies (LC, BG, Inward Remittance, Import & Export Bill)

  • Letter of Credit

  • LC advising

  • Advance Export Receipts

  • LCBD

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