Trade digitisation

Our solutions help banks to meet the needs of corporate customers for risk reduction and cost efficiency across their supply chains

Streamline your operations with new ways to finance trade online

Global trade is moving to open account terms as suppliers and purchasers strive to be more efficient, and more competitive. 

Yet there’s an increasing requirement to support the integration and optimisation of supply chains and facilitate financing, including pre- and post-shipment financing, invoice discounting and the secure exchange of trade-related documents.

Our trade digitisation solutions assist banks to provide innovative trade and supply chain services – and enable corporates to reduce risk, enhance process efficiency and improve liquidity management:

  • Banks can make use of the Trade Service Utility (TSU) to electronically match and exchange purchase orders, commercial invoices, transport, insurance and other documents on behalf of their corporate customers.
  • The TSU also facilitates the Bank Payment Obligation (BPO): a digital instrument to support trade settlement using ISO 20022 data structures and automated matching.  
  • The MT798 message is a multi-bank standard for automating corporate-to-bank documentary trade flows (letters of credit and demand guarantees).

Trade and supply chain solutions for corporates

We can help you to streamline your corporate-to-bank communications and benefit from new ways to finance trade. Learn about the Bank Payment Obligation and other automated solutions.

MT 798: one way to communicate with all your trade banks

MT 798 provides corporates with a standardised format to communicate with all their trade banks for Import L/Cs, export L/Cs and guarantees.

The Bank Payment Obligation (BPO)

This standardised, irrevocable payment instruction uses ISO 20022 data structures and provides the security associated with Letters of Credit. Data is matched electronically using the TSU.

The Trade Services Utility (TSU) for banks

The TSU is a centralised matching and workflow engine that provides timely and accurate comparison of data from documents such as purchase orders and invoices.

Understand the benefits

Find out how corporates are using digital trade services