Online Trade Services

A comprehensive solution and a unique platform designed keeping in mind the end-to-end requirements of our Trade Customers. It encompasses - Transaction, Information and Notification.

Transaction


Trade Online

 

Trade Online is a unique platform enabling corporates to submit trade finance transaction requests like Bank Guarantee issuance and amendment, Letters of Credit issuance and amendment Outward Remittances, Export Bills, Pre-shipment Credit, SG/DO, i-BoE, e-BG, e-LC, i-DOCS & e-Docs online. The Trade Online module works through the Corporate Internet Banking (CIB) platform. Clients can log in through our website with their Corporate ID and User ID to initiate trade requests which will directly flow into the bank system without any manual intervention.

 

Key Benefits

  • Convenience for submitting trade transaction for customer having current account with the bank
  • Templatisation of repetitive transactions
  • Customised authorisation matrix at customer end
  • Quicker turnaround time for closure of trade transaction requests
 

Security Features

  • Robust authentication processes
  • Encrypted sessions between customer and the Bank (SSL v3 128 bit)
  • Audit trails for administrative and transactional activities
  • 24/7 security monitoring and centralised incident management team
  • Access control - for compliance and audit requirements at the customer's end
 

Registration Process

  • Submit your Trade Online registration form along with Board resolution in your branch today. Click here for downloading the forms.

 

FX Online

 

At ICICI Bank, we offer our clients customized hedging and trading solutions, evaluating their business strategically across markets and time zones through dedicated forex Relationship Managers. Learn more.

 

Blockchain

A Blockchain is a data structure that allows the creation of a digital ledger of transactions that can be distributed amongst a digital network by using cryptography resulting in Paperless transacting. This way, each participant on the network can securely amend that ledger without the need for a central authority.

 

Our Blockchain platform are currently available for handling inland trade finance processes between buyer, supplier and their banks. The platform is currently available for transmitting customer’s trade documents such as purchase order, sales invoice, transport documents, and other documents between participating banks.

Information


Regulatory Pendency Reports:

 

Client is able to view real time the number of outstanding regulatory pending reports pertaining to transactions already processed. These include outstanding export advances, unrealized export bills & bill of entry pending for submission.

 

PCFC Reports:

 

View and download your pre-shipment export credit account statement. This data is available real time for the client.

 

Trade MIS

 

You can now access your trade related information on the web through Trade MIS. Online Trade MIS Services gives you the power to manage your business better by managing the key aspects of your trade related banking and MIS online.

 

Trade MIS is available in your Corporate Internet account wherein information is updated on a T+1 basis. Through Trade MIS you may access details of:

  • Sanctioned limits
  • Letter of Credit - Export/Import & Inland
  • Bills - Import Bills, Export Bills, Inward Bills & Outward Bills
  • Bank Guarantees
  • Convenient Reports: You can download the report in formats of your convenience (Excel worksheet, comma/pipe or tab separated)

 

Process of Registration

Trade MIS would be accessible by registering for Corporate Internet Banking. Click here for downloading the form.

Notifications


E-advice

You can now access your trade related information on the web through Trade MIS. Online Trade MIS Services gives you the power to manage your business better by managing the key aspects of your trade related banking and MIS online.

 

Email Trade Alerts

Planning for your payments and timely action are critical requirements in trade transactions. To take care of these critical requirements you can take advantage of the Trade Alerts, specifically designed to provide details of the transaction falling due or the payments to be made. To ensure that these alerts are not missed, these are sent through emails. Trade Alerts are sent out weekly to the email Ids registered for the same. CIB corporate Id is a prerequisite for getting weekly Trade Alerts.

 

SMS Notifications

You can now receive transaction alerts on all types of Trade transactions executed by the bank on real time basis. SMS notifications would facilitate you to register your mobile number for product specific SMS against every account.

 

Process Of Registration

A Customer can register for Email Trade Alerts and E-advice through the following three modes:

  • Phone Banking
  • Fill up the Registration form/Request Letter and submit at the branch

Registration for SMS Alert can be done by submitting the registration form at the branch. Click here for downloading the forms.