Mizuho Bank signs on to CargoDocs™
We're happy to announce that Mizuho Bank has signed on to CargoDocs™ for Trade Finance in order to support their corporate customers' use of Electronic Document Presentation (eUCP Presentation). The agreement, signed between essDOCS and Mizuho Bank in June, makes Mizuho the 11th global bank to sign on to CargoDocs™.
About Mizuho Bank
Mizuho Bank provides financial and strategic solutions for the increasingly diverse and sophisticated needs of clients, focusing its efforts on serving major corporations, financial institutions, individuals, public sector entities and small and medium-sized enterprises. A relationship management approach to serving clients enables Mizuho Bank Ltd., together with group companies including Mizuho Trust & Banking and Mizuho Securities, to develop customized solutions in areas such as corporate, structured and project finance, investment banking, transaction banking, and risk management. With offices in 35 countries, Mizuho Bank offers clients both localized service and the extensive reach of a global business network. Mizuho Bank Ltd. is a subsidiary of the Japan-based Mizuho Financial Group Inc. (NYSE: MFG), one of the largest financial services companies in the world with total assets of approximately $1.7 trillion as of March 31, 2014.
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.
We look forward to working with Mizuho Bank going forward, as we assist in expanding Mizuho’s trade finance offerings for their corporate customers.