Home > Services > eTrade Service > eTrade       Relay and transmit various e-documents and trade information on a 24-hour non-stop basis by linking trading firms with trade-related agencies organically for all trade procedures Provides one-stop total solution services, including specialized consulting and system establishment, for large trading firms' internal system linkage, as well as enabling processing of trade transactions by utilizing trade software (ERP) for small and medium enterprises (SMEs) To extend services to overseas areas after linking with the trade automation systems of the world's major countries such as the United States, China, Europe and East Asia. Business Services   Details of Work Export Export L/C Advice - Advising on export L/C (via Swift network) - Advanced advice on export L/C - Advice on export L/C's condition change - Advice on overseas-transfer L/C - Advice on other bank's L/C Local L/C - Application for opening of/amendment to L/C - Advice on local L/C - Certificate of cargo (goods) receipt - Sales contract - Tax calculation bill - Negotiation/settlement of local L/C draft Purchase Approval Certificate - Sales contract (firm offer sheet) - Application for approval of raw material purchase for FX earnings, raw material purchase approval certificate - Tax calculation bill - Settlement of payment Export L/C Negotiation - Application for collection (negotiation) of export bill of exchange - Notice of negotiation details - Notice of export payment-receipt details - Notice of processing results of export bill of exchange Money Transfer - Notice of payment receipt - Application for payment/deposit/withdrawal of export advance (down) payment Import L/C Opening/Amendment - Application for opening /issue of L/C - Application for amendment to L/C/issue of L/C amendment - Notice of L/C opening charges Issue of Import L/G - Application for import-cargo L/G (letter of guarantee) - Issue of import-cargo L/G - Notice of issue of D/O (delivery order) Document Arrival Notice - Notice of the arrival of shipping documents Money Transfer - Application for/confirmation of payment settlement - Application for/confirmation of changed payment conditions Import-Cargo Discount -Notify an importer of draft-receiving bank's discount details via L/C opening bank Details Common Calculation Work - Calculation results of export L/C draft/local L/C draft/foreign-currency check/purchase (collection) of telegraphic transfer (T/T) - Settlement results of import and local L/C drafts - Calculation results of various export and import- related charges/commissions Import/Export Payment Settlement - Payment order for imports and exports - Notice of debit (payment)   - Foreign Exchange EDI Business Application/Inquiry/Management: This is a unique domestic FX EDI-specialized platform -a site for application, inquiry about processing results and management of FX EDI business where FX transactions between exporters and banks are done by EDI. - Efficient and Safe Processing of FX Transactions: It is a platform that enables foreign exchange officials of related bank's branches to manage and confirm applications received and already-issued, handling cases systematically in a way to realize business efficiency as well as reinforced security. The present services are comprising 52 kinds of businesses by type, related to banks, export/import approval agencies, chambers of commerce, insurance firms, etc. An improved e-Trade web service of eXedi and BaroTrade that will provide total trade document automation services through realization of the following functions: - EDI e-document service - Addition of functions to prepare such documents as invoice, packing list, bill of exchange and various certificates - Addition of fax and e-mail functions - Provision of trade forms - Minimum-level of statistical functions, including negotiation and shipment management - Provision of transaction mediation through linkage with Internet marketing - Adoption of security solutions to reinforce safety - Change of service details through realization of 'my trade' eTrade Portal Service that maximizes business efficiency, realizes business continuity by providing commerce, customs clearance and logistics-related trade information through a single window and enables implementation of integrated business transactions. This service is scheduled to be launched in June 2004.