• Location
  • HOME > Services > uTrade > e-L/C Service
  • Brief Summary
  • The e-L/C (electronic L/C) service, unlike the traditional paper-based L/C, is electronically managed. It electronically processes and systematically manages the entire processes from notice to negotiation.
  • Main Functions
  • - Circulation Management
  • Notifying trading companies of e-L/C issuance and circulating the L/C stored in the e-Trade Document Repository to a third party including a purchasing bank that requests for the confirmation of the original copy.
  • > Management of e-L/C incoming notice
    > Management of e-L/C transfer and negotiation request
    > Management of e-L/C history
  • - Balance Management
  • Managing e-L/C balance, negotiation history, and statistics for both notifying and negotiating banks.
  • > Management of e-L/C informing notice
    > Management of e-L/C transfer and negotiation request
    > Management of e-L/C history
  • Expected Benefits
  • - For Trading Companies
  • > No need for paper L/C
    > Management cost saving through keeping the original L/C in electronic format
    > Prevention of loss and damage of L/Cs
    > Easier circulation of L/Cs to third parties
    > Convenient confirmation of the L/C process
  • - For Banks
  • > Easier notification and negotiation of L/Cs
    > Prevention of falsification and alteration of L/Cs
    > Prompt check on the balance of L/Cs upon negotiation request
    > Management of detailed history including L/C opening, amendment, transfer, and negotiation