ANZ concludes first trade transaction using CargoDocs™
We’re happy to announce that The Australia and New Zealand Banking Group (ANZ) has just concluded its first transaction using CargoDocs™ for Trade Finance. ANZ joins a growing number of global banks signing on to our CargoDocs™ electronic trade finance solution, with a view to support their corporate customers' use of eUCP Presentation, eDocumentary Collection and Bank Payment Obligation (BPO).
Australia and New Zealand Banking Group Limited (ANZ) is headquartered in Melbourne, Australia. It began trading as the Bank of Australasia in 1835, and has since grown to become one of the world’s leading financial service groups. One of the world’s top 40 banks, ANZ has over six million retail, private bank, small business, corporate, institutional and corporate finance customers worldwide. ANZ has a presence in 32 key markets across the Asia Pacific region, and in the UK, Middle East, Europe and America. It employs over 48,000 employees around the world and has assets of AU$531.74 billion.
About CargoDocs™ for Trade Finance
CargoDocs™ for Trade Finance enables banks to provide enhanced trade finance capabilities to corporate customers who use electronic bills of lading and supporting documents - achieved via three key instruments: eUCP Presentation, eDocumenatry Collection and Bank Payment Obligation (BPO). essDOCS’ online eDocs Exchange acts as a multi-bank platform, enabling users to electronically execute financed trades with increased efficiency, speed and accuracy, in addition to reducing risk and improving both compliance and productivity to banks and corporates.