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- Trade Finance Platform
- Who it's for
- Commodity finance teams
Commodity finance teams
Commodity finance teams fund physical flows of metals, grains and energy products. A single deal may use a letter of credit for the purchase and a loan to bridge until the cargo is sold. Credits expire, presentations arrive in batches and exposures by counterparty matter.
How Trade Finance Platform is set up for you
Exposure by applicant
Report letter of credit limits by applicant and status.
Expiry control
Credits nearing expiry appear on one list for amendment or closure.
Drawings against limits
Each presentation is checked against the remaining limit.
Bridge loans
Fund the gap with a trade loan whose schedule follows the sale contract.
Commodity finance teams fund physical flows of metals, grains and energy products. A single deal may use a letter of credit for the purchase and a loan to bridge until the cargo is sold. Credits expire, presentations arrive in batches and exposures by counterparty matter.
Start with one commodity desk. Load counterparties, open credits and loans, and run new deals through underwriting, issuance and drawings for a month. Reconcile limits and principal outstanding with the bank's records before adding desks.
[Plan the rollout](/trade-finance-platform/implementation), [review the modules](/trade-finance-platform#modules), and [compare the source data](/trade-finance-platform/data-model).
Features to start with
Letters of Credit
Approve the credit instrument, record the letter of credit from the bank's receipt and settle documentary drawings.
Financing Applications
Record each borrower's financing request with terms and evidence, ready for independent underwriting.
Underwriting Review
Record independent decisions on each application, credit instrument and servicing change.
Roles on the team
- Credit Officer
- Records financing applications and evidence, submits credit instruments and opens loan accounts with their disbursement and schedule.
- Credit Approver
- Independently approves, declines or returns applications, credit instruments and servicing changes.
- Trade Operations Officer
- Records letters of credit from the issuing bank's receipt and records documentary drawings and their settlement.
- Loan Servicing Officer
- Imports verified repayments, allocates them to installments and prepares servicing changes for approval.
Set up Trade Finance Platform your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.