Finance Management

Citi Trade Portal

Citi Trade Portal

Trade Finance & Services Online Platform

Citi Trade Portal

Trade Finance & Services Online Platform

Citi Trade Portal is a module of the CitiDirect BE electronic banking system. It enables its users to remotely manage transactions in the area of trade finance & services and ensures a smooth management of a company. Citi Trade Portal supports both classic and reverse factoring, supplier finance programs, export and import letters of credit, export and import collection and guarantees.


Citi Trade Portal:

  • supports factoring, export & import (documentary) letters of credit, guarantees and export & import collection
  • is available in Polish and English
  • is integrated with CitiDirect BE and is available any time in the Single Sign-On mode
  • for factoring it enables its users to:
    • enter invoice details manually or by file import
    • view invoice and application status details, updated online
  • for guarantees, letters of credit and collection it enables its users to:
    • enter data, supplement applications or copy previous applications
    • send electronic applications to the Bank for consultation
    • access information on submitted applications and the products granted
    • generate a PDF file with a draft letter of credit in MT700 format to be presented to a contractor
    • receive messages about transactions, events, or statuses by e-mail, text or platform announcement

Benefits:

For factoring services, Citi Trade Portal enables its users to:

enter invoice details into the system
  • manually or by file import
  • Clients may create their own import file formats – the Bank adapts itself to their file formats
send (payment/discount/financing) applications to the Bank
  • cost control – Clients may check the costs they will incur in connection with a given application before it is sent to the Bank
  • available limit checks – limits are updated online
receive completed feedback on their applications (statuses, reports, messages on the platform)
  • application statuses – updated online
  • flexible definition of the scope of a report (by adjusting the scope and timeframe of presented data)
  • access to transaction cost reports
  • detailed reports on factoring payments
  • electronic invoices issued by the Bank are presented on the platform
  • messages are fully configurable by the user

For trade finance products (i.e. letters of credit, guarantees and collection), Citi Trade Portal provides:

  • libraries of contractors, banks and accounts – the user avoids entering the same details manually into subsequent applications
  • an option to send to the Bank electronic applications to:
    • grant or modify the terms and conditions of a guarantee or letter of credit
    • verify the wording of a guarantee or a letter of credit
    • prepare the wording of a guarantee in accordance with a template defined by the Bank or the Client
    • with an option to enclose selected attachments to an application
  • an option to deliver documentation and other correspondence prepared by the Bank to the Client in electronic format
  • a possibility to send an application as a draft to be verified by the Bank
  • access to check the granted and available limits of a revolving line
  • access to check the application and transaction status
  • flexible definition of the scope of a report (by adjusting the scope of presented data)
  • text or e-mail messages to confirm that a product has been granted or correspondence has been sent by the Bank