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Letter of Credit Management demo

Checks each LC document set against the credit before the bank does and runs every guarantee clock 1:34

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What the demo shows

Checks LC documents before the bank does and tracks every bank guarantee to its release

A terms reader turns every credit and guarantee into terms cited to their fields. A workability reviewer reads each new credit against the sales order and shipping plan and flags clauses the business cannot meet while the buyer can still amend. Before any document set goes to the bank, a document checker and an independent cross-checker examine it against the credit, UCP 600 and ISBP 821, and lay the result out as one table: the credit's terms down the side, the documents across the top, a tick or a discrepancy in each cell, each explained with the article and both passages. A fix drafter costs the options (amend, correct, or present and seek a waiver) and drafts the amendment request and the corrected document. An expiry watcher runs every expiry, notice, release and extend-or-pay clock, and a fee auditor tests every bank charge against the agreed tariff. The trade finance officer talks to the agents, approves, edits or rejects with a reason code; nothing reaches a bank, buyer or beneficiary unseen, and the assistant treasurer co-signs above USD 1M and every guarantee extension or payment.

Transcript

  1. Letter of Credit Management checks credit documents before the bank does for trade finance teams.
  2. Banks refuse 65 to 80 percent of first presentations.
  3. Here is Credit 7712, FH, $1.18 million of spindle assemblies.
  4. Terms down the side, documents across the top, a tick or a discrepancy.
  5. Two agents check every cell, each on its own.
  6. The bill of lading shows a late shipment.
  7. The invoice says parts, not assemblies.
  8. Each finding cites its rule.
  9. A fixed agent recommends an amendment.
  10. It drafts the buyer's request and the corrected invoice.
  11. Sarah approves with a reason.
  12. The amendment arrives. Every cell rechecks clean.
  13. The same agents run every guarantee clock, like Thursday's extend-or-pay demand.
  14. Every value cited Every decision signed Every step logged The result Paid on first presentation And guarantees released on time Built on
  15. Botminds Agents, data, screens And governance on one platform

Transcribed from the film’s narration. Captions are on the player.