A fully-integrated application meeting the needs of both local and global banks, Rubikon’s trade finance module supports all trade finance processing functionality. It is designed to satisfy and support the processing and reporting needs for documentary credits, standby letters of credit, collections, bonds & guarantees, shipping guarantees, reimbursements, remittances, participations & syndications and loans. It also automatically captures and generates SWIFT messages and documents.
The products are component-based and facilitate the processing of trade finance related activities for all parties involved.This is achieved by automating all aspects of the business flow and minimising the need for data entry at all stages of the process. The overall design allows standardised processing whilst maintaining the flexibility to tailor the system according to regional needs and requirements. Rubikon trade finance is user-friendly and feature-rich. It enables management to fully monitor and control the workflow. The system is seamlessly integrated with SWIFT, Telex and document management systems.
Business benefits
Rubikon Trade Finance makes decision-taking and risk assessment easier, since it takes over the bulk of the administrative procedures, at the same time giving comprehensive information online.
Management information is available immediately by means of online enquiries or customised reports.
It also allows for a boost in productivity, thus enhancing the options of processing increased business volumes without impact on staffing.
Rubikon Trade Finance provides total security and comes with easy auditing of all processes.
Functionality
Products
- Import & Export Documentary Credits (including Discounting, Re-finance and Payments under Reserve)
- Import & Export Standby Letters of Credit (Commercial and Financial)
- Guarantees Issued & Guarantees Advised (Commercial and Financial)
- Shipping Guarantees
- Import & Export Collections (including Avalisation and Discounting)
- Syndications and Participations
- Forfaiting
- Factoring
- Trust Receipts
- Reimbursements
- Purchase Order
Features
- Limit checking (Banks and Corporates)
- Correspondence generation (Swift, Telex, Fax, Mail, Email, Internet)
- Accounting management
- Document management
- Configurable reporting