Santander Trade IQ
Accelerate cross-border transactions, boost efficiency, increase flexibility, and reduce errors with secure, real-time online processing. Our Santander® Trade IQ platform lets you initiate and track Letters of Credit, Collections, and foreign exchange—with up-to-the-minute accuracy anywhere in the world.
Import Letters of Credit and Import Collections
Make better use of credit and centralize reconcilement of payables at a lower operating cost.
- Initiate and process Letters of Credit from our Santander Trade IQ platform anywhere around the globe
- Process collections and track transaction progress
- Improve control for organizations with multiple locations and offices
- Access copies of shipping documents
Internet Direct Collections (IDC)
Initiate and track collections anywhere in the world.
- View real-time reporting of outstanding transactions
- Enjoy immediate credit to your account for incoming funds from overseas
- Simplify account reconciliation
Simplify account reconciliation and improve the turnaround time associated with your international trade activity.
- View real-time status reporting of import and export collections, Letters of Credit, and Banker’s Acceptances
- Query transaction details—such as issuance, payment advices, and amendments— and receive a response in seconds
- Eliminate costly delays typically associated with manual inquiries
- Maintain your data in a highly secure environment