Coming Soon, Transform your Trade Finance Management with CBD’s new iTrade Platform
As a pivotal partner in your business growth, Commercial Bank of Dubai is committed to continuous innovation and enhancing your banking experience.
We are pleased to announce that we will soon unveil iTrade, our state-of-the-art digital platform that will streamline and elevate your trade finance management. Crafted with your business needs at its core, iTrade is set to become your central hub for all trade finance activities.
Here's a glimpse of what iTrade promises:
- Revamped User Experience: Engage with an interface where elegance meets functionality, ensuring every interaction is smooth, fast, and more intuitive.
- Unified Platform: Conventional and Islamic trade finance products are now housed under one roof, delivering a comprehensive suite that's just a click away.
- Seamless Transactions: From initiation to authorization, handle all your trade transactions through a single, streamlined process, freeing you from the constraints of multiple systems.
- Efficiency at its Best: With automated processes and tailored trade templates, we've slashed the time and effort needed to manage your transactions.
- Enhanced Oversight: Gain an unparalleled perspective on your trade finance portfolio with customizable reports and real-time updates that keep you informed every step of the way.
- Personalized Support: Directly connect with your dedicated trade bank partner for any inquiries, all within the iTrade platform.
New Product Features Highlight:
- Comprehensive Transaction Initiation: Seamlessly initiate a variety of transactions including Letter of Credits, Guarantees, Shipping Guarantees, Outward Bill of Collections, and standalone financing transactions like Loan Against Invoice and Open Account Trust Receipts within the platform.
- Digital LC and Guarantee Management: Take control of your Letter of Credits and Guarantees lifecycle entirely online, including issuance, amendments, acceptance, Trust Receipt Loan requests, settlements and advices.
- Digital Receipts: Effortlessly receive Inwards Guarantees and Export Letter of Credits digitally, enhancing efficiency and reducing paperwork.
- Optimized Cash Flow: Utilize export discounting features to manage your capital more effectively.
- Flexible Financing Options: Access Loan Against Invoice and Open Account Trust Receipts with convenient early settlement options.
- Avalisation Requests: Secure your transactions with the added confidence of avalisation on documentary collections.
- Remote Presentations: Request remote presentation of Export collection documents instantly, significantly cutting down processing time.
- Real-Time Document Release Updates: Initiate document release requests and stay informed with instant notifications when your documents are ready for collection.
Stay tuned for more updates and information as we approach the official launch of CBD iTrade. We will be conducting training sessions closer to the official launch to provide support throughout the transition process.
