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PRODUCT - Functions



Trade finance

The OLYMPIC Banking System functions are designed to support banking activities related to trade finance, more specifically import and export finance, by means of documentary credits and collections.

The system provides overall management of documentary credits, imports and exports, and complies with the rules that regulate this activity (Uniform Customs and Practice for Documentary Credits of ICC). The OLYMPIC Banking System manages the complete life-cycle of contracts, from credit opening and notification through to acceptance of documents and processing of payments. With each event, fees and charges can be taken in all currencies.

A range of documentary credits can be managed (revocable/irrevocable, confirmed/not confirmed, traded on sight or deferred payment) as well as specific clauses (revolving, stand-by, transferable, Back-to-back, red clause, green clause). remove newline

For these different types of documentary credits, the OLYMPIC Banking System also produces entries for off-balance sheet liabilities.

Key features include:

  • Management of a variety of contracts and payment modes
  • Management of events linked to the life-cycle of contracts
  • Management of SWIFT messages at each phase in the documentary credit life-cycle
  • Monitoring of limits and authorisations
  • Off-balance sheet management.
The various real-time risk and liability enquiries, the multi-criteria analyses and forward schedules enable the bank to accurately manage the associated levels of risk.

Trade finance - OLYMPIC Banking System functions are designed to support banking activities related to trade finance