Corporations are able to submit and verify purchase orders and invoices, and request pre-shipment and post-shipment financing from the financiers of their choice. By providing those financiers with access to trade data, the Network will help financiers to mitigate the risk of double financing and fraudulent trade information. This data enables the financiers 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.