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International Trade Online Services

Santander provides real-time processing of import and export L/Cs and Collections, as well as secure online foreign exchange and up-to-the-minute tracking for all transactions.

Solutions

Internet Import L/C and Collections
Expedite processing, improve efficiency and flexibility, and reduce errors with secure, online real-time processing, including document images from anywhere in the world.

Internet Direct Collections
Reconcile incoming funds quickly and easily, and enjoy immediate credit to your account when exporting goods overseas.

Internet Information Reporting
Simplify account reconciliation and improve turnaround time associated with international receivables with the help of SovTrade® IQ.

Import L/C & Collections

SovTrade® for Import L/Cs and/or Import Collections, with document images, expedites processing, improves efficiency and flexibility, and reduces errors through a secure, real-time platform.

Santander Bank offers secure, online L/C initiation and processing from anywhere in the world.

You can also process your Import Documentary Collections on SovTrade® and track paid or in-process transactions.

If your company has multiple initiation locations such as separate divisions, brands, or buying offices, SovTrade® is an ideal solution to improve control and increase throughput for your import transactions. Different user profiles allow your company to set up different levels of approval authority, providing greater flexibility and an additional control tool to your business. SovTrade® may help you lower operating cost, make better use of credit, and centralize and improve reconcilement of payables.

Direct Collections

Santander's export collection system allows your business to initiate and track collections anywhere in the world.

Internet Direct Collections (IDC) is an Internet-based export collection system that connects your desktop to Santander Bank and our extensive network of correspondents around the world.

Through real-time reporting of outstanding transactions, and immediate crediting to your account for incoming funds, you can easily reconcile accounts and improve turnaround time associated with international receivables.

The IDC system security allows you to set up any number of users, and assign different rights and privileges by groups.

Santander Bank utilizes state-of-the-art technology to assure that your information and transactions are viewed by authorized personnel only.

Information Reporting

SovTrade® IQ helps you to easily reconcile accounts and improve turnaround time associated with international receivables.

SovTrade® IQ offers real time status reporting of import and export collections, outstanding and expired Santander Bank import and export L/Cs and Banker’s Acceptances.

SovTrade® IQ offers immediate delivery of new features and functions with no need for proprietary software to be installed or maintained, and no need for replication and synchronization of remote databases.

Trade queries for transaction details (issuance, payment advices, import and export collections, and amendments) are processed within seconds, eliminating costly delays and unnecessary expenses typically associated with tedious manual inquiries.

Santander Bank utilizes state-of-the-art technology to assure that your information and transactions are processed in a secure environment.

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