Electronic Communication

							    Electronic Communication
•   Payment terms
•   The method by which funds will be remitted
•   The roll of the banks for the transaction
•   The roll of the freight forwarder for the
    transaction
•   The method by which documents will be
    transmitted
               Banking Tools
•   Apply for and track letters of credit
•   Request amendments to letters of credit
•   Submit Documentation
•   Request and Track Fund Transfers
•   Track Foreign Currency Fluctuations
•   Request and Track Foreign Currency Transfers
•   Purchase and Manage Foreign Currency
    Contracts
     Standards & Guidelines
• UCP – guidelines for documentary
  collections
  – eUCP – electronic submission and verification
    of documents for documentary collections
• SWIFT – standard banking communication
  system
  – Wire Transfers
  – Documentary Collections