Letters of Credit
The bank doesn't return your documents. It returns your payment.
A mismatched quantity, an expired shipment date, a description that doesn't tie to the credit. The presentation comes back with a fee attached and payment pushed out weeks. TradeDeck checks every extracted field against the Letter of Credit before anything reaches the bank.
The problem
A Letter of Credit lives in a PDF, its amendments live in three more, and the expiry date lives in somebody's memory. By the time the documents are assembled for presentation, nobody is certain which version of the terms they are checking against.
What it costs
A discrepancy caught before presentation costs nothing. Caught by the bank, it costs a fee, a re-presentation, and three weeks of working capital.
How it works
Four steps, and then it runs without you.
- 01
The credit is read in
Terms, tolerances, expiry, latest shipment date and required documents extracted from the credit itself.
- 02
Amendments stay attached
Every amendment is held against the original, so the terms in force are never a question of which PDF you opened.
- 03
Documents are checked against it
Extracted values from the invoice, BL and packing list are compared with the credit before presentation.
- 04
Expiry is watched
Latest shipment date and expiry are tracked as deadlines, with warnings before they arrive.
What you get
Everything in this pillar, out of the box.
- Every credit, amendment and expiry in one record
- Automatic discrepancy check before presentation
- Latest-shipment-date and expiry alerts
- Open LC exposure across all banks, current to the minute
- Full presentation history, exportable
- Amendment trail attached to the original credit
Built for: Trade finance · Documentation desks · Finance
Next step
Bring one shipment. We'll show you the rest.
Twenty minutes, your own documents, no preparation needed. You'll see exactly what comes out and exactly what gets flagged.