Dubai's largest bank, Emirates NBD, has launched a comprehensive suite of products and advisory services to support working capital requirements.

smartTRADE offers Emirates NBD's transaction banking clients a comprehensive range of new functionalities, including an enhanced letter of credit (L/C) offering.

Online requests

Clients will be able submit all trade requests online. This includes L/Cs, guarantees and trade loan requests.

The bank says clients using the new suite will benefit from reduced paperwork requirements and a shorter turnaround time in the request process.

More advantages

Additionally, the portal aims to make it easier for clients to obtain trust receipt financing by allowing them to submit a request instantly online instead of visiting a bank branch.

Clients will also get real time updates on the status of their transactions through email and text notifications.

This article represents the views of the author and not necessarily those of the ICC or Coastline Solutions.