Trade
Management
Platform

Trade
Management
Platform

The digital alternative for the
Letter of Credit and Guarantee

The digital alternative for the Letter of Credit and Guarantee

Mercurion Trade Services

Mercurion Trade Services offers essential trading services through a single platform with a user-friendly interface. Digital interfaces reduce the need for cumbersome administrative processes and offer simpler, safer and more transparent ways of doing business. Mercurion Trade Services hence stands for secure, paperless and cost-efficient easy-to-access cloud based trade-solutions.

The digital alternative

Existing trade
security instruments

like the L/C or Guarantee

Mercurion’s platform

The digital alternative

01

Complex

Difficult to meet all requirements

01

Easy to use

Efficicient and accessible online

02

Bureaucratic

Variable processes of multiple banks

02

Simple

Convenient and efficient compliance process

03

Time consuming

Processes take too much time to complete

03

Efficient

Faster settlement of transactions

04

Expensive

Non-transparant and many variable costs

04

Affordable

Transparent and cheaper than existing services

05

Risky

Risk of theft, fraud or loss of original documents

05

Completely digital

No risk of losing documents

06

Insecure

Dependent on financial strength of issuing bank

06

Baltic Exchange

The service is excuted by Baltic Exchange

The digital alternative

Existing trade security instruments

like the L/C or Guarantee

01

Complex

Difficult to meet all requirements

02

Bureaucratic

Variable processes of multiple banks

03

Time consuming

Processes take too much time to complete

04

Expensive

Non-transparant and many variable costs

05

Risky

Risk of theft, fraud or loss of original documents

06

Insecure

Dependent on financial strength of issuing bank

Mercurion’s platform

The digital alternative

01

Easy to use

Efficicient and accessible online

02

Simple

Convenient and efficient compliance process

03

Efficient

Faster settlement of transactions

04

Affordable

Transparent and cheaper than existing services

05

Completely digital

No risk of losing documents

06

Baltic Exchange

The service is excuted by Baltic Exchange

Baltic Exchange

The Baltic Exchange, which is headquartered in London, is the world’s leading source of freight market data for the trading and settlement of physical and derivative freight contracts.

The Baltic Exchange is wholly owned by the Singapore Exchange (SGX), a listed company which is regulated by the Monetary Authority of Singapore as the operator of the securities and derivatives markets in Singapore.

The Baltic Exchange (Asia) Pte Ltd (BEA), a Singapore-registered wholly-owned subsidiary of the Baltic Exchange, acts as an escrow agent for a variety of transactions, including asset sales and purchases, disputes, security payments and trade finance.

The escrow service in a nut-shell

01

02

03

The buyer makes the payment to the restricted 3rd party account managed by Baltic Exchange.

Once the funds are received, the seller delivers the goods to the buyer as agreed in the Escrow Agreement.

Once the goods are received by the buyer, the funds are released to the seller by Baltic Exchange.

The escrow service in a nut-shell

01

The buyer makes the payment to the restricted 3rd party account managed by Baltic Exchange.

02

Once the funds are received, the seller delivers the goods to the buyer as agreed in the Escrow Agreement.

03

Once the goods are received by the buyer, the funds are released to the seller by Baltic Exchange.

The escrow service completely digitalised

Through its platform Mercurion offers easy access to a secure payment service for buyers and sellers, whether importers or exporters. This digitalised Escrow service is executed by Baltic Exchange. A digitalised Escrow service is easier to access, reducing cost by eliminating needless bureaucracy typically involved with traditional trade security products offered by banks, such as Letters of Credit. The result is a service that can efficiently cater for smaller as well as larger consignments, shipped by ocean container, air or truck.

The extent of the bureaucracy involved in traditional banking products is such that it can discourage parties from completing the required processes, or even sway them to decline potential business altogether. Additional complications can arise when attempting to mitigate financial weakness of an issuing bank, leaving aside the conditionality contained in the document itself potentially making it unenforceable. The Escrow service is hence simpler and safer.

As a highly trusted and respected institution Baltic Exchange facilitates an alternative way to settle payments against delivery of goods purchased as soon as both parties have performed in line with the transaction entered on the Mercurion platform. Parties can be confident that their interests are well protected.

01

Transaction details

02

Compliance

03

Agreement

04

Send funds

05

Deliver goods

06

Release funds

Value proposition

Faster

An up to 80% faster transaction process means funds and goods are received earlier

Revenue increase

Increase of sales, revenues and working capital for buyer as well as seller

Opening doors

Replacing the complex L/C removes a barrier for new business development

Control

Transparent pricing, a smoother compliance process and no lost documentation head aches

Contact

Interested in our services? Do not hesitate to contact us for more information or request a demonstration of the platform.

E-mail Address

Visiting Address

Hofplein 20, 3032 AC Rotterdam

The Netherlands

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