Sri Lanka’s importers and exporters have been provided with a sophisticated new digital platform for all their trade finance requirements by the Commercial Bank of Ceylon, the single largest private sector facilitator of the country’s international trade via a gamut of trade-related services.
‘ComBank TradeLink’ is a seamless, intuitive, user-friendly and future-ready digital front-end that will provide end-end solutions covering the entire customer journey, simplifying and accelerating trade finance transactions and promoting compliance, the Bank said.
Importers using ComBank TradeLink will have 24×7 real-time digital access to products such as Import Letters of Credit, Import Collection Documents, Shipping Guarantees and Advance Documents, Open Account Payments, Advance Payments and Letters of Guarantee.
Exporters can access Export Letters of Credit and Export Collection Documents via this online resource, expediting their export-related transactions and enhancing efficiency.
Among the many benefits offered by ComBank TradeLink are enhanced visibility with real-time status updates and notifications; personalised templates for quicker processing, minimising manual efforts; secure, multi-level authorisation workflows; improved document management with the ability to upload and view documents related to trade transactions; and a dashboard exclusive to each user.