Release 10.23 of IBAS GTF incorporates all changes mandated by SWIFT to its Messages for the handling of Documentary Credits. The new IBAS Release enables a high-level of automation, digitisation and robotisation of the processes from end-to end, across the trade finance ecosystem.
Given the scale of the mandatory changes to SWIFT’s MT7XX series for Documentary Credits, CBA worked with banks such as ABN AMRO to implement the changes in advance of the switchover on 18 November 2018.
CBA’s Release 10.23 of IBAS GTF also incorporates changes to the IBAS Customer Front End solution, designed to help guide customers less familiar with SWIFT message formats intuitively through the process. This ensures the required information is captured in the correct fields for processing – minimising the need for any manual intervention further downstream.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.