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TradeDoc Validation
for Banks

Collaborate with other banks securely and drive this initiative against bank frauds & duplicate financing.

Secure

Highly secure nodal network architecture for banks.
Code of conduct
Agreed code of conduct for all collaborative banks.
Validate
Validate at runtime and check all your trade finance transactions.
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Image is not available

TradeDoc Validation
for Banks

Collaborate with other banks securely and drive this initiative against bank frauds & duplicate financing.

Collaborate with other banks securely and drive this initiative against bank frauds & duplicate financing.

Code of conduct
Agreed code of conduct for all collaborative banks.
Validate
Validate at runtime and check all your trade finance transactions.
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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

Blockchain driven nodal network for banks

  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.
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What You Get with TradeDoc validation
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Enables permissioned banks access to digital records of bills of lading & Letter of indemnity once they have demonstrated possession of validation rights, by providing verification data points.

Fast , secure & easy.

Delivers bill of lading or letter of indemnity data in a structured, standardized format directly for real time checks and validation of any financing transactions.

Runtime validation checks on bank's nodal network

Provides a single source to validation through an API, if this needs to be enabled

Enables validating the bills of lading that are used in trade finance transactions

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Eliminates manual searching through multiple and different systems to find the verification data.

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Blockchain driven nodal network for banks

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Continue to maintain liquidity in the market
Activation Of Bank
Collaboration of data

24 hours for registration and activation

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.

The data will reside in the node with doc number, date and status of financing.

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.

Verification checks By Bank

"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. "

All activated banks will have their own secure node assuring their data is secured - seek code of conduct for further details.

Enables validating the bills of lading that are used in trade finance transactions

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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

done_all

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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Activation Of Bank
Collaboration of data
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24 hours for registration and activation

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All submissions in the platform are based on trade data and will be disclosed as a “Yes” or “No” only.

The data will reside in the node with doc number, date and status of financing.

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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.

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Verification checks By Bank

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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Enables validating the bills of lading & other trade documents that are used in trade finance transactions

All activated banks will have their own secure node assuring their data is secured - seek code of conduct for further details.

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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

done_all

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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TRADE DOC VALIDATION
REGISTER HERE.

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Ranjan Raj
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Resources
About
dltledgers MENA
AL Maqam Tower, Abu Dhabi Global Market.
Abu Dhabi.
United Arab Emirates.
dltledgers Centre, India
CED, Red Cross Road, Trivandrum 695035, India
QUICK LINKS
Stationed Mumbai Head
Ranjan Raj
dltledgers, Japan
3F, Shinjuku DaiNana Hayama Building, 1-36-2 Shinjuku, Shinjuku-ku, Tokyo 160-0022, Japan
dltledgers, Singapore
Block 81 Ayer Rajah Crescent, #01-65, JTC LaunchPad@One-North, Singapore 139967
ABOUT #dltledgers
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