The Structured Trade Finance application demonstrates a simplified example of creating a chain of participants between a Manufacturer and its Tier-1, Tier-2, and Tier-3 subcontractors. An External Auditor participant is created so Participants can request external certification for the supply chain (e.g. sustainability reporting, etc.). Subcontractors can request trade finance from a Bank with increased transparency because they can demonstrate their chain of partners and orders.
- Onboard participants to supply chain
- eCertify participant supply chain
- Subcontractor can request trade finance from a Bank by presenting the original contract details and a verified, immutable upstream audit trail from the originating order
- Approve loan request in full or partial amount