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.
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.
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Creating a certificate (Powered by Trakk)
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.
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Sharing a certificate with any party
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.
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Accessing the information of the Digital Instrument Certificate
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.
*eIDAS ensures that each form of electronic signature is admissible as evidence in EU courts and shall not be denied legal effect solely because it is in electronic form.
For issuers:
Issue the instrument through a Komgo solution.
Receive an automatically generated certificate as the applicant.
Share the certificate with the beneficiary or any relevant party via email.
For beneficiaries or any party receiving the certificate:
Open the certificate received via email, which can be verified online using an available Trakk widget.
Scan the QR code or click on the web link to access real-time information.
Access accurate data quickly, with no login required.
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All involved parties have instant, real-time access to the latest data.
A single, verified source of truth eliminates data discrepancies.
Streamlined sharing process minimizes manual steps and speeds up information 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.
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