In the era of electronic documentation, JPMorgan is leading the move towards seamless and paperless trade finance services. A leader in classical trade finance and e-commerce, the bank has revolutionized its trade finance products to offer a number of different electronic platforms to clients that streamline the trade process and significantly reduce trade cycles.
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TradeDoc is one such platform. The product offering allows traders to initiate, monitor and reconcile shipping documentation using the convenience of the internet. Clients can compose commercial invoices, packing lists and beneficiary certificates using the technology. More recently, bills of lading have been added to the list of documents that can be handled electronically, a significant breakthrough for...
