Electronic Communication

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Presentation transcript:

Electronic Communication Payment terms The method by which funds will be remitted The roll of the banks for the transaction The roll of the freight forwarder for the transaction The method by which documents will be transmitted

Banking Tools Apply for and track letters of credit Request amendments to letters of credit Submit Documentation Request and Track Fund Transfers Track Foreign Currency Fluctuations Request and Track Foreign Currency Transfers Purchase and Manage Foreign Currency Contracts A few changes here

Standards & Guidelines UCP – guidelines for documentary collections eUCP – electronic submission and verification of documents for documentary collections SWIFT – standard banking communication system Wire Transfers Documentary Collections