Natixis signs on to CargoDocs
Natixis has signed on to CargoDocs for Trade Finance in order to support its corporate customers’ use of ePresentation under eUCP Letters of Credit (eUCP Presentation) and eDocumentary Collections.
The agreement, signed between essDOCS and the Paris-headquartered bank in December 2016, makes Natixis the 34th bank to sign on to CargoDocs and the 1st French banking group to adopt the solution.
Natixis is the international corporate, investment, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 35 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.
With more than 16,000 employees, Natixis has a number of areas of expertise that are organized into three main business lines: Corporate & Investment Banking, Investment Solutions & Insurance, and Specialized Financial Services.
A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.
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 for banks and corporate customers.