About ITFS
The International Trade Financing Services Platform (ITFS) is an electronic marketplace for facilitating the trade finance requirements of exporters and importers by providing access to multiple financiers.
Features
- Seamless Digital Process
- API/SFTP Available
- Customization
- Dedicated Customer Support
- Single Point of Engagement
- Can Access from Anywhere and Anytime
Participants on ITFS
Exporter
When exporting goods to buyers overseas, suppliers typically wait 30 - 120 days for payment. Such ‘deferred payment’ is normal in international trade but it ties up capital and can have a crippling effect on cash flow and business growth. ITFS will help exporter to bridge out this gap by providing low cost financing in a very secured network through its digital enabled platform.
Importer
The platform will give alternate financing option for their payable. They can avail competitive rates from multiple Financiers (without any bilateral agreement with the individual Financier). There is no blocking of working capital limit and also this will strengthens supplier relationship
Financier
Opportunity for additional financing and access to quality customers through a seamless connected digital platform to manage Cross Border Supply Chain and Structured Trade transactions. Increased transparency, reliability and control.
3 Steps for Onboarding
Seamless onboarding process to address all your trade financing requirement
01.
Application and Master Agreement
Registrations Details and signing of master agreement and other general terms and condition
02.
Statutory and Financials
Documents related to application like Financials, Shareholding, Declaration, resolution etc
03.
KYC and Bank
Details
Entity KYC with individuals KYC. Designated Bank Account details to be provided