What does a corporate gain through the use of elcyMBP?


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.


Greater visibility and control

One platform
View all trade finance transactions on one digital platform.

  • Process transactions by department or on a location basis.
  • Access the platform from any office or remote location.

Control workflow processes
Customise user roles and set multiple approval levels both locally and centrally.

  • Full audit trail for each transaction including any subsequent action or messaging.
  • User logs included in audit trail.

Monitor real time exposures and reduce risk

elcyREPORTS module
Standard or user defined reports can be scheduled and delivered in csv/xls format.

  • Global reports provide real time information for Credit and Treasury departments.
  • Removes the need to maintain separate spreadsheets.

elcyEXPOSURE module
Monitor bank and counterparty exposures in real time.

  • Report by product or by specific exposure on a given date.
  • View any outstanding liability relating to a bank facility at any given date.

elcyLIMIT module
Real time management of global bank facilities either on a standalone or group basis.

  • Can include syndicated facilities.
  • Amendments or utilisations will automatically update the limit.

System efficiencies and cost savings

System efficiencies
More efficient digitised processing helps eliminate discrepancies, saving time and costs.

  • Centralised receipt of authenticated LC’s, guarantees and other trade finance related instruments streamlines processing.

Integration options
ELCY offers integration options via APIs.

  • An API allows data to be mapped directly into and/or from a client’s own back office and/or accounting system.
  • ELCY blockchain PoC demonstrates its ability to work with blockchain consortia.

System fees
Flat fee pricing with no transactional fees and no hidden costs.

  • All modules included as standard and regular updates in functionality and new features at no additional cost.

Minimum disruption to existing business

Web based SaaS system with no software installation required.

Minimal user training required.

Users will experience an easy to navigate and intuitive site.

24/7 helpdesk manned by experienced trade finance specialists.

ELCY trade finance experts can identify where the adoption of elcyMBP modules may help to improve your trade finance processes.


Extensive additional functionality

Contact any number of banks as required to obtain pricing relating to LC confirmation/discounting, corporate risk cover and invoice discounting.

Request and/or roll trade related financing loans.

Bank Fees
Management of all banking charges and fees related to both Import and Export transactions.

Document Preparation
Handling of electronic and paper documentation is provided to corporates through ELCY’s partnership with essDOCS, including proprietary, third party and electronic documents.

To learn more or arrange a demo

Contact Us