INTERNET BANKING FOR TRADE FINANCE AND SERVICE
Danamon Trade Connect is developed to enhance your Trade Finance & Service experience by allowing you to conduct trade transaction through internet from the comfort of your office. With Danamon Trade Connect, you can complete trade application forms and submit the underlying documents online. As such, Danamon Trade Connect gives you the power to control your Trade Finance & Service transactions – thereby improving cost and time efficiency.
IMPORT LETTER OF CREDIT (LC)
Menu to issue or amend LC:
- Issue
Allow you to manage LC issuance and to view LC issuance status.
- Amendment
Allow you to manage LC amendment based on LC that has been issued by the Bank.
- Document Negotiation
Allow you to manage document submitted based on issued LC, including document acceptance, rejection and payment.
EXPORT LETTER OF CREDIT (LC)
Menu to advise and amend LC:
- Advising
Allow you to manage LC that has been advised to you and to view advised LC status.
- Amendment
Allow you to manage amended LC that has been issued to you and to view amended advised LC status.
INWARD GUARANTEE
Menu to advice guarantee to you:
- Issue
Allow you to manage guarantee that has been issued to you and to view advised guarantee status.
- Amendment
Allow you to manage amended guarantee that has been issued to you and to view amended guarantee status.
OUTWARD GUARANTEE
Menu to issue bank guarantee
- Issue
Allow you to manage bank guarantee issuance and to view bank guarantee status.
- Amendment
Allow you to manage amendment on issued bank guarantee.
EXPORT LETTER OF CREDIT (LC)
Menu to receive documentary collection
- Received
Allow you to view documentary collection that has been received.
- Amendment
Allow you to view amendment to documentary collection that has been received.
- Acceptance
Allow you to make settlement on documentary collection that has been received by way of payment or acceptance.
OUTGOING COLLECTION
Menu to send documentary collection to your counterparty
- 1. Issue
Allow you to instruct the Bank to send documentary collection to designated counterparty.
- Amendment
Allow you to amend instruction on documentary collection that has been sent to designated counterparty.
- Acceptance
Allow you to monitor payment status on documentary collection that has been sent to designated counterparty, including acceptance from such counterparty.
STANDALONE ADVANCES
Menu to request for import or export financing
- Requested
Allow you to request for financing import and export transaction.
- Amendment
Allow you to make amendment to the export and import financing request that has been submitted previously.
- Settlement
Allow you to instruct the Bank to settle outstanding financing.
REPORTS
Menu to produce reports related to trade transactions
- Online Reports
Allow you to download reports related to trade transactions such as transaction type and status.
- Facility Reports
Allow you to download facility limit reports related to trade transactions.
SECURITY
Trade Connect has followed standard security for internet banking system and has received approval from regulatory body.
FLEXIBILITY
You have the authority and control to determine user, access rights and approval matrix as per your company’s requirement.