Products
TIBS Trade Finance
TIBS Trade Finance System (TIBS TFS) is an integrated system that audits and automates the complete cycle of Trade Finance transactions, in real time and in accordance with SWIFT and UCP standards. This allows for a rapid yet comprehensive installation for banks wishing to implement on a strict time scale. The system is able to save bank's time and money by Straight Through Processing to automate the creating of records from incoming SWIFT messages, passing accounting entries, producing customer advices, and making payments with little or no user intervention. Recognizing the need for such a comprehensive solution, TIBS TFS provides a suite of products—a highly modular system that offers your bank’s Trade Finance Department with a real-time, integrated Trade Finance solution. Built on a highly scalable architecture, TIBS TFS allows you to deploy the exact functions you need—thus making your business more intelligent and flexible.
- Configurable workflow management
- Calculation of charges, liabilities, margins, fees and foreign exchange equivalents
- Generation of accounting entries, including liabilities
- Production of documents, letters, advices, Telexes, and SWIFT messages
- Reporting to management and customers
- Follow-up processing, such as amendments and tracers
- Fast inquiry into transaction status
- Automatic settlement of fees in any currency
- Tracers and reminders generated based on ad hoc or predefined criteria
- Multi-branch processing allowing different fee calculations, format for documents, advices and different base currencies
- Form and clause maintenance