Date: 15/01/2025
In today’s fast-paced trade finance landscape, real-time visibility and accurate record-keeping are critical to ensuring seamless operations and reducing risks. Komgo’s new Digital Instrument Certificate provides transparency to all transaction stakeholders with real-time access to the data and status of Issued Bank Guarantees, Import Letters of Credit (LCs), and Import Standby Letters of Credit (SBLCs), allowing participants to make informed decisions quickly and confidently.
What is a Digital Instrument Certificate?
A Digital Instrument Certificate is linked to a financial instrument and consolidates all key information, including its latest status updates. This feature, available between Konsole and @GlobalTrade, ensures stakeholders have access to accurate, real-time data, eliminating delays and inaccuracies while providing a reliable and verified source of truth.
How does it work?
· Upon issuance of an instrument using Komgo’s solutions, a Digital Instrument Certificate is automatically generated and securely registered on Trakk, a level 2 eIDAS* signature solution. This certificate can be shared as a PDF, and its authenticity can be easily verified through any Trakk widget, such as the one available at https://www.komgo.io/info/verification.
· The certificate can be easily shared via email with beneficiaries or any other relevant parties. This empowers recipients with real-time, direct access to the information they need, exactly when they need it.
· Each certificate includes a QR code and a link, allowing users to access a live preview screen with the most up-to-date key information. This ensures that all stakeholders with the certificate can retrieve the latest details without the need to log in or perform complex verifications.
Key Benefits
These certificates will allow for increased:
• Transparency: Immediate access to the latest transaction data.
• Accuracy: A verified, single source of truth.
• Efficiency: Simplifies data sharing and speeds up access.
Komgo’s Digital Instrument Certificate Feature empowers you to stay informed, streamline processes, and make confident decisions with the assurance that your data is always accurate and up-to-date.
Find all of these information and more on the following page:
