About ec-Finance

What is ec-Finance?

• As globalization and the Internet escalate participation in international trade, ec-Finance is providing Internet-based trade financing products ideally suited to facilitate the entry or expansion of established financial institutions, buyers and sellers, and B2B exchanges into international trade in the New Economy.
• Specifically designed to meet rising demand among B2B exchanges, FastLC™ provides for acquisition of LCs from B2B exchanges which are executed by its bank payment partners, conducting all collection and transfer of data completely within a frame on the B2B site to ensure the site retains the customer at all times.
• Representing significant improvements over existing LC products, the company’s core technology platform, ec-LC™, enables buyers to apply for LCs online, buyers and sellers to initiate and iteratively negotiate amendment and discrepancy requests online, and allows all supply chain participants to monitor the status of the LC.

Who is ec-Finance?

• Founders combine 27 years of experience in international trade with Internet banking and information technology expertise gained at major financial services institutions and the White House
• Expertise and flexibility to adapt platform technology to address the varying needs of financial institutions, B2B exchanges and buyers and sellers
• Exclusively focused organization on the online structuring of financial products that facilitate trade with extensive representation in Southeast Asia

Why ec-Finance?

• Efficiency based on the integration of the information in a one-stop online format; easily accessed through real-time online viewing by all relevant banking and trading partners
• Offers alternative online payment capabilities for global transactions originating on B2B exchanges; while still relying upon the bank’s long accepted role as a trusted third-party in international trade transactions
• Reduces the uncertainty of critical financing and its timing; buyers and sellers can access the most timely information regarding each iteration of the LC amendment and disclosure process - expediting flow of information to all parties
• Provides cost reduction through online document application
• Offers supply chain managers a sophisticated online tool to manage the trade finance process with the same degree of efficiency, accuracy and timeliness that they apply to management of purchasing, transportation, manufacturing and distribution

How does ec-Finance benefit the market?

For the buyer/seller: Cost and time efficient by expediting the LC process in a secure, yet more transparent Internet environment.

For the B2B exchange: Provides exchanges the ability to keep transactions on their exchange by offering their customers an online LC to complete their transactions.

For the issuing bank: Opportunity to build an incremental revenue stream with low investment cost and easily maintainable system.

For the advising bank: Transparent, efficient, expedient process for LC issuance and advice.

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Address
30 Waterside Plaza
New York, NY 10010
212.532.6184
212.532.6173, fax

More information
info@ec-finance.com