TradeDoc Validation
for Banks

25+ Banks and counting

A central bank platform, Tradedoc validation runs in collaboration with banks to steer clear of double financing, consequently offering liquidity for international trade. Singapore MAS and ABS along with the support from ESG have completed this with 25+ banks in Singapore, While several other countries also have begun pioneering on our platform.

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TradeDoc Validation
for Banks

A central bank platform, Tradedoc validation runs in collaboration with banks to steer clear of double financing, consequently offering liquidity for international trade. Singapore MAS and ABS along with the support from ESG have completed this with 25+ banks in Singapore, While several other countries also have begun pioneering on our platform.

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ABOUT TRADEDOC
VALIDATION

Duplicate financing is one of the most commonly debated issues in global trade finance. One financial institution seldom has insight into what has been agreed by another, meaning paper documents can be forged and presented to multiple banks without fear of detection.

“TradeDoc Validation” is a collaborative, bank-and-government-led initiative, which runs on the dltledgers blockchain platform. Its sole purpose is to mitigate the risk of bad actors securing multiple financing arrangements against a common underlying asset. TradeDoc Validation is a combination of process, cryptography, methodology, and technology solution. It has been developed to benefit all financial institutions, with the cooperation of Enterprise Singapore and the Monetary Authority of Singapore (MAS).

Singapore is a leader in both digital innovation and global trade. The TradeDoc Validation initiative will support local banks at first, but may later extend to provide global financial institutions with a means to validate trade documents in real-time. If you represent a financing organisation, register now for details.
Singapore is a digital leader and currently innovating further on this collaborative banking platform for import and export trade financing. Partnered with Enterprise Singapore and Singapore Govt bodies; led by collaborative banking group leadership; TradeDoc Validation will support all banks for detecting fraud and avoid duplicate financing real time and when it happens. Register now for signing up to code of conduct and further details.

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ABOUT TRADEDOC VALIDATION

Duplicate financing is one of the most commonly debated issues in global trade finance. One financial institution seldom has insight into what has been agreed by another, meaning paper documents can be forged and presented to multiple banks without fear of detection.

“TradeDoc Validation” is a collaborative, bank-and-government-led initiative, which runs on the dltledgers blockchain platform. Its sole purpose is to mitigate the risk of bad actors securing multiple financing arrangements against a common underlying asset. TradeDoc Validation is a combination of process, cryptography, methodology, and technology solution. It has been developed to benefit all financial institutions, with the cooperation of Enterprise Singapore and the Monetary Authority of Singapore (MAS).

Singapore is a leader in both digital innovation and global trade. The TradeDoc Validation initiative will support local banks at first, but may later extend to provide global financial institutions with a means to validate trade documents in real-time. If you represent a financing organisation, register now for details.
Singapore is a digital leader and currently innovating further on this collaborative banking platform for import and export trade financing. Partnered with Enterprise Singapore and Singapore Govt bodies; led by collaborative banking group leadership; TradeDoc Validation will support all banks for detecting fraud and avoid duplicate financing real time and when it happens. Register now for signing up to code of conduct and further details.

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What You Get with TradeDoc validation
  1. Enables validating trade finance documents like bill of lading that are used in trade finance transactions.
  2. Enables permissioned banks access to digital records of Bills of lading or Letter of indemnities ones they have demonstrated possession of validation rights, by providing verification data points.
  3. Delivers bill of lading data in a structured, standardized format directly for real time checks and validation of any financing transactions.
  4. Runtime validation checks on bank's nodal network
  5. Provides a single source to validation through an API, if this needs to be enabled
  6. Eliminates manual searching through multiple and different systems to find the verification data.

Where we uniquely stand out from our compete ?
We have proven platform, methodology, people and processes to support central bank initiatives. We have build and operated large framework at scale.

Potential double financing worth 214M detected thus far within 35+ Banks

Activation Of Bank
  1. Enables validating the bills of lading & other trade finance documents that are used in trade finance transactions.
  2. 24 hours for registration and activation
  3. All activated banks will have their own secure node assuring their data is secured - seek code of conduct for further details.

Potential double financing worth 214M detected thus far within 35+ Banks

Collaboration of data
  1. All submissions in the platform are based on trade data and will be disclosed as a “Yes” or “No” only. Performs duplicate and fraudulent Invoice and BL checks for banks, without disclosing financing bank or trade details in platform.
  2. The data will reside in the node with doc number, date and status of financing.
  3. Banks will only share the information that is strictly required for the fraud investigation engine, and that information will be residing in a highly encrypted node for collaborative purpose only.

"Each Bank can use their authorised credentials (user ID/password) to access the platform and verifythe documents – Bill of Lading (both Master BL and House BL)/ Invoices. Tradedoc validation acts as an additional validation point for for trade finance teams in banks to provide trade finance for traders. "

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Our Flexible Scenarios Framework

Multiple Scenarios are covered in the Platform – Easy configuration for more scenarios for both Pre-shipment and Post-Shipment

  1. Sequential Financing
  2. Parallel Financing
  3. Syndicated / Partial Financing
  4. Synthetic LC Financing
Multiple Scenarios
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How can you avoid duplicate financing and fraud in trade finance

REGISTER

Registered will be approved by authorized working group leadership

CODE OF CONDUCT

Collaborative and mutual agreement of code of conduct completion

VALIDATE

You can adopt the process and start running validation in 24 hours

Reach out to other banks who are in the collaboration framework or register below for your interest.

We have kept it simple for a bank to register with us and get started in 24 hours

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How can you avoid duplicate financing and fraud in trade finance

REGISTER

Registered will be approved by authorized working group leadership

CODE OF CONDUCT

Collaborative and mutual agreement of code of conduct completion

VALIDATE

You can adopt the process and start running validation in 24 hours

Reach out to other banks who are in the collaboration framework or register below for your interest.

We have kept it simple for a bank to register with us and get started in 24 hours

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"Being part of this digital space has helped banks with more visibility into the customer’s operations, increasing transparency of the trade. This will surely reduce fraud and related risk and build cross border interconnectivity."

Samuel Mathew
Global Head of Doc Trade, Trade Digitization & CPO Trade Platform Transformation, Standard Chartered Bank
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Resources
About
dltledgers MENA
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Abu Dhabi.
United Arab Emirates.
dltledgers Centre, India
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Stationed Mumbai Head
Ranjan Raj
dltledgers, Japan
3F, Shinjuku DaiNana Hayama Building, 1-36-2 Shinjuku, Shinjuku-ku, Tokyo 160-0022, Japan
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Block 81 Ayer Rajah Crescent, #01-65, JTC LaunchPad@One-North, Singapore 139967
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