Corporations are able to submit and verify purchase orders and invoices to request pre-shipment and post-shipment financing from the banks of their choice. By providing those banks with access to trusted trade information, the Network will help financiers to mitigate the risk of double financing and fraudulent trade information across the industry. This enables the relevant banks to better assess risks and provide trade financing earlier in the supply chain, including for small and medium-sized enterprises who have traditionally experienced difficulty in accessing trade finance. Banks will provide financing outside of the Network using their existing systems.
Governance principles modeled on SWIFT to achieve maximum adoption across the supply chain ecosystem.
Corporates will use a simple one-time registration process which will allow them to connect with the banks of their choice on the Network.