The Bank of East Asia

Corporate Banking

eTradeConnect

eTradeConnect is an innovative platform facilitated by the Hong Kong Monetary Authority and Hong Kong Trade Finance Platform Co., Ltd., and jointly launched by BEA along with 6 other international banks in Hong Kong. It uses distributed ledger technology (DLT) to raise trade finance services to a new level of accessibility and efficiency – streamlining operational flows, simplifying documentation requirements, reducing risks, and enhancing security.

 

Key Features

  • Connects trade finance stakeholders
  • Provides a marketplace for cross-industry and cross-border trades
  • Enables users to verify trade documents and provides real-time updates
  • Processes online requests for trade financing
  • Performs automatic reconciliation

 

Value to buyers and sellers

  • Identity validation
  • Digitalised trade flows
  • Reduced cost of transacting business
  • Easier financing with higher trust level
  • More transparent loan information

 

To connect to the eTradeConnect platform, please click here.

Enquiry email: LCLD@hkbea.com