ABN Amro was one of the first banks to launch a trade-finance portal in 1998 when the site was predominantly US focused. It has since developed global coverage.
The MaxTrad portal splits into two main areas: the MaxTrad letters of credit (LC) module, and the MaxTrax tool for monitoring the status of transactions. AllTrade, the open account management tool, will be added to the portal early next year.
MaxTrad enables importers to initiate LCs online. Once the bank approves the transaction, it issues the LC for the client.
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