Any bank, anywhere in the world
elcyMBP is the only comprehensive multi-bank platform for trade finance processing enabling communication both on the Import and Export sides with any SWIFT enabled bank in the world.
Standardised process
Instantaneous secure and authenticated communication with banks replacing fax and email. Standardised communication across all trade finance products.
Documentary LCs, Standby LCs and Guarantees
Send authenticated instructions to any bank relating to the issuance of Import LCs including Standby LCs, Guarantees and amendments.
Inward Collections
Receive notification of inward collections and provide settlement instructions.
ELCY liaises with individual banks to ensure that any instructions or messages sent through elcyMBP can be tailored to conform with a message type preferred by the bank in question.
Documentary LCs, Standby LCs and Guarantees
Receive authenticated, operative advice of LCs, Standby LCs, Guarantees and amendments from any Issuing/Advising Bank.
Full transactional functionality; from advice through to presentation of documents (including Invoice LOI) and payment.
Record and monitor Acceptances, including Bills of Exchange, Promissory Notes and Payment Undertakings.
Outward Collections
Process all collection types – including Direct Collections, whereby the bank retains control of the collection until such time as it authorises the corporate to proceed.
Full schedule production both on screen and in paper together with Bill of Exchange creation, if required, under the collection.
Incoming trade finance instruments from any bank can be handled in a variety of ways – either directly through the system or by SWIFT (including SCORE messaging where possible).
Messages can be linked to an original instrument (LC, Standby LC, Guarantee).
Includes free-format messaging, templates for standard instructions, filtering by department or message type, authorisation control, document attachment, batch releases and workflow control.
A secure, instantaneous, authenticated messaging system.