In other words, it provides a direct link to the processing system of the documentary credit department of Fortis Bank, allowing for an automated and therefore immediate exchange of information. One of the big advantages of this application is that it saves you time.

What does Click 'n Trade have to offer: 

For you as an importer

• The request to open your L/C is handled completely electronically: generating, signing and forwarding to Fortis Bank. By using the "templates" and "standard phrases" functionality you avoid double and repetitive actions.
• You follow up the course of your request online.
• The SWIFT message sent to the foreign bank can be consulted as soon as the L/C is opened. You can even mail it to your exporter.
• Any amendments can be dealt with electronically.
• As soon as a payment is made for one of your L/Cs, the payment information will be available to you.
• In function of the different criteria all kinds of reports can be retrieved, such as outstanding due dates, payments made, outstanding amounts,... The file format (pdf or excel) enables e-mail distribution.

For you as exporter

• At the time Fortis Bank advises/confirms a L/C (opened in favour of your company), the details of the L/C will be made available to you.
• Any amendments made can be consulted online.
• As soon as a payment related to a L/C is made, the information will immediately be made available.
• Monitoring and audits can be performed by means of the reporting function.