TradeOnline
Introducing the faster, safer, easier way to submit trade instructions.
An award-winning platform that allows you to submit trade instructions entirely digitally, TradeOnline cuts out manual processes, so you can seamlessly submit, track, and manage Letters of Credit, Domestic and Foreign Guarantees, and Import Collections securely – anytime, anywhere.
How to access TradeOnline
How TradeOnline can benefit your business
Fully digitised process
Enjoy an improved experience by transacting directly from your business premises even after hours.
Faster turnaround times
Improve turn-around-times by uploading supporting documents electronically.
Comprehensive track-and-trace capabilities
Track and trace transactions initiated in TradeOnline throughout it’s entire lifecycle.
Reduced risk
Our fully automated process provides less risk, document checking capabilities and documented audit trails of all actions performed on TradeOnline
New features available on TradeOnline
View new features under tabs. Should you want more information please contact Trade Services Support via email [email protected]
Import Collections
- Enable you as the client to digitally review and approve documents received from the supplier and view the payment schedule and track your transaction via the status tracker. Throughout each status, user received automated notifications from the channel advising of the status of the transaction.
- You are able to receive your advises via the channel.
- Sight Collections: Enables clients to provide payment instructions digitally to enable them to receive documents for clearance
- Usance Collections – Enables client to accept payment date digitally to enable them to receive documents for clearance and enables clients to provide payment instructions digitally
Digital Import Letters of Credit
- Immediate access to your Import Letter of Credit draft to share and review with your supplier prior to submission to the bank
- Clients are advised of the document presentation by the supplier via the channel and you are able to review the documents and accept or reject where discrepancies have been advised
- Digitally submit your payment instructions via the channel for sight, usance or your mixed payment import letter of credits
- Receive automated notifications on each of your transactions where there is a change in the status
Introducing digital guarantees
You are able to process applications for your Domestic Guarantees, Foreign Guarantees and Standby Letters of Credit all on one channel. Digital guarantees are legally valid and will replace traditional paper guarantees through the new process. Standard Bank has adhered to all compliance and regulatory requirements to eliminate any added risk.
- Get access to Standard Bank standard wording pre-approved beneficiary wording
- Enjoy peace of mind with a beneficiary verification portal that allows you to verify that a digital domestic guarantee was legitimately issued by the bank.
- You have the option to download and email a PDF version or print the guarantee for your beneficiary, and we will courier the issued guarantee should that be required.
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Import Collections
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Digital Import Letters of Credit
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Introducing digital guarantees
- Enable you as the client to digitally review and approve documents received from the supplier and view the payment schedule and track your transaction via the status tracker. Throughout each status, user received automated notifications from the channel advising of the status of the transaction.
- You are able to receive your advises via the channel.
- Sight Collections: Enables clients to provide payment instructions digitally to enable them to receive documents for clearance
- Usance Collections – Enables client to accept payment date digitally to enable them to receive documents for clearance and enables clients to provide payment instructions digitally
- Immediate access to your Import Letter of Credit draft to share and review with your supplier prior to submission to the bank
- Clients are advised of the document presentation by the supplier via the channel and you are able to review the documents and accept or reject where discrepancies have been advised
- Digitally submit your payment instructions via the channel for sight, usance or your mixed payment import letter of credits
- Receive automated notifications on each of your transactions where there is a change in the status
You are able to process applications for your Domestic Guarantees, Foreign Guarantees and Standby Letters of Credit all on one channel. Digital guarantees are legally valid and will replace traditional paper guarantees through the new process. Standard Bank has adhered to all compliance and regulatory requirements to eliminate any added risk.
- Get access to Standard Bank standard wording pre-approved beneficiary wording
- Enjoy peace of mind with a beneficiary verification portal that allows you to verify that a digital domestic guarantee was legitimately issued by the bank.
- You have the option to download and email a PDF version or print the guarantee for your beneficiary, and we will courier the issued guarantee should that be required.
Client testimonials
What our clients have to say about TradeOnline
Talking to Varsha Maharaj from Oceana Group Limited
Romatex
To load information for a new Letter of Credit is quick and easy. We also get regular email notifications during the process of each Letter of Credit application.
Investec
Extremely easy to manoeuvre. There is complete access and view of all transactions. Simple, straightforward and to-the-point compared to the previous system
Vector Logistics
The system is user friendly and easy to navigate. The dashboard shows the facility available and what is utilised. [This] service has been greatly appreciated.
Motus Group
The ease of the system and the access to the documents on the platform has been a great advantage for us. The reduced time to process applications has been efficient
Frequently asked questions
What is TradeOnline?
TradeOnline is a digital platform by Standard Bank that allows businesses to submit and manage trade instructions entirely online.
How secure is the platform?
TradeOnline uses advanced security measures to protect your data and transactions, ensuring a safe and reliable experience.
Is it difficult to switch from manual processes?
TradeOnline is designed to be user-friendly, with a quick setup process and plenty of support available.
Thought leadership from Standard Bank CIB
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