ICE CargoDocs Match
ICE CargoDocs Match (Cmatch) is a Transaction Matching Application – as defined by the Uniform Rules for Bank Payment Obligations (URBPO) – which enables trade finance banks to continue to provide BPO-related solutions to their customers after SWIFT discontinued support for the Trade Services Utility (TSU) in 2020.
Cmatch was launched in Q4 2019, with Version 1 released to production in early 2020.
Cmatch Scope
Cmatch ensures that banks can continue to offer URBPO-based trade finance solutions to their corporate customers. Specific features include:
- Secure, hosted web-based solution
- Intuitive user experience with responsive UI enabling access via laptop, tablet and/or smartphone
- Capabilities-based user access, with maker / checker option
- Baseline creation & management
- Final data set creation & management
- Data (baseline or final data set) import via Open API or manual upload
- Simple and advanced search
- Matching engine
- BPO-related features, such as pre-match, transaction cancelling, notifications, expiry warnings, etc.
- SAML based single-sign-on (SSO)
- 12 year secure online archiving
Cmatch Benefits
As corporate customers continue to demand enhanced digital financing offerings, Cmatch offers corporates and their banks a pure digital trade solution for today and the future:
- Cmatch will remain the only ICC-governed (and regulator accepted) digital trade option for several years to come, until meaningful adoption and acceptance of the Uniform Rules for Digital Trade Transactions (URDTT)
- Cmatch has an extensive roadmap to both increase adoption and end-to-end automation of any trade solution built around URBPO – it can be adopted today to automate trade finance using a Bank Payment Obligation (BPO) or to cover Bank Payment Undertakings (BPU)
- Cmatch has been designed to deliver a future-proof offering, both through alignment with the ICC’s Uniform Rules for Digital Trade (URDTT) as well as through interoperability with blockchain / DLT solutions and platforms
Cmatch Roadmap
Cmatch's extensive roadmap is designed to ensure continued, increased adoption and extended end-to-end automation of trade solutions built around URBPO. Details of the Cmatch roadmap will be shared with banks signing up to use or trial the solution.
Cmatch, the Uniform Rules for Digital Trade Transactions (URDTT) and Blockchain / DLT
Alignment with the ICC's URDTT as well as interoperability with relevant blockchain / DLT solutions is critical to Cmatch ensuring a future-proof offering for banks and their corporate customers. Details of how Cmatch is aligned with the URDTT and interoperates with DLT solutions will be shared with banks signing up to use or trial the solution.
Pricing
Pricing for Cmatch includes a one-off onboarding fee and flat annual fees thereafter. The solution offers 5 levels for banks, starting with a Free level up to an Unlimited use level. Levels are based on transaction numbers, branch numbers and user numbers.
Contact us to find out more.