80%
Up to 80% of credits are refused on first presentation.
Everything a bank pre-check does,
at your desk
Get faster payments on first presentation
Have your presentations cleared the first time, and get your payment approval sooner.
Save on bank's pre-check and discrepancy fees
Move pre-check in-house, and catch and resolve discrepancies before the bank does.
Reduce reworks and lower operational costs
Efficient automation and faster approvals mean less rework and fewer people-hours per presentation.
Your bank's expertise and our platform intelligence, equipping every operator on your team.
Avoid dependency on scarce LC expertise
TradeSpeed examination checks carry the UCP/ISBP knowledge and expertise so that your team does not have to.
Run the checks your bank runs, without the cost?
Save time and money on costly and slow pre-check services. TradeSpeed checks your documents for discrepancies against the letter of credit, UCP 600, ISBP and eUCP as many times as you need before submitting to your bank.
WHAT GET CHECKED
The terms of your credit, including the documents required under field 47A
UCP 600, ISBP and eUCP
Consistency across every document in the presentation
Completeness against the required-document list built from the credit itself
From credit received to presentation ready
The credit arrives
Your bank's MT700, and any MT707 amendments, are ingested and parsed automatically, including field 47A. The documents you owe and the checks that apply to them are built from the credit's own terms plus UCP 600, ISBP and eUCP.
Frequently asked questions
No. Your bank still examines the presentation and still decides whether to pay. A pre-check changes what lands on their desk, not who decides. That judgement stays with their examiners.
The documents that normally travel with a documentary credit: commercial invoices, transport documents, insurance documents, certificates of origin, packing lists and the rest of the presentation. Anything specific to your trade can be configured upon request.
Through the MT700 your bank receives, along with any MT707 amendments. The credit is parsed automatically, including field 47A, and both the required-document list and the applicable checks are built from it.
No. Each customer runs on an isolated setup, and your documents are not used to train models that anyone else touches.
Days. TradeSpeed does not need a multi-week implementation project.
Talk to an expert
Tell us how your presentations work today and we will walk you through what a pre-check does on a credit like yours.