Introduction

Banks issue letters of credit as a way to ensure sellers that they will get paid as long as they do what they’ve agreed to do.

Letters of credit are common in international trade because the bank acts as an uninterested party between buyer and seller. For example, importers and exporters might use letters of credit to protect themselves. In addition, communication can be difficult across thousands of miles and different time zones. A letter of credit spells out the details so that everybody’s on the same page.

Functions

Web based multi user system

All features in the current live system will be incorporated

All MIS and Regulatory Reports that are now generating from the Desktop Application

Customizable Entry Module for Data Entry and Amendment

Fully parameterized by the admin/manager role

Event Setting and Automatic Alert Notification

Email/SMS Alert

Integrated Letter/Certificate generation module

WYSIWYG Letter/Certificate designer

Dynamic Reports: Reports can be taken on dynamic filter and customizable fields as and when required

Customizable MIS

Reports in Microsoft Excel, Adobe PDF, Microsoft Word

Java Enterprise Edition based application backend

Active Directory authentication for login and access

Group policy standard security matrix with following Central Bank ICT guideline

Audit trail and user access log

Platform : Java Web based Solution/J2EE, SQL Server DB.

Clients : Hong Kong and Shanghai Banking Corporation Ltd.