- Enable Confirming Banks to increase access to LC confirmation volumes from Issuing Banks
- Allow Confirming Banks to set preferences for real-time matching for LC confirmation quotes
- Enable Issuing Banks to maximise reach to correspondent network
- Streamline internal processes by customising work flows and access controls for Issuing and Confirming Banks
How It Works
Seek Confirmation and Financing Quotes from Correspondent Banks Digitally
An LC applicant requests it’s Issuing Bank (Bank A) to seek for LC confirming and/or financing quotes from Correspondent Banks.
Request For Quote (RFQ)
Confirming Bank C wants to efficiently drive utilisation from Issuing Bank A based on their desired criteria.