e-collateral letter accelerates exports | VATAN JOURNAL

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Thursday, July 05, 2018 – 2:30 | Last updated: 05 07 2018 – 2:30

Warranty letters will now be shared electronically. The pilot application of the electronic guarantee letter started between Türk Eximbank and Vakıfbank.

<img itemprop = "url" alt = "The e-collateral letter accelerates exports" title = "The e-collateral letter accelerates exports" src = "http://idora.gazetevatan.com/vatanmediafile/Haber598x362 E-collateral letter speeds up exports "The Electronic Letter of Transmittal (ETMP), which allows the electronic sharing of letters of guarantee, was launched yesterday at the Credit Registration Bureau (KKB). ), was initiated by the Turkish Eximbank signed between the Vakıfbank protocol. Eximbank by e-letters guarantee application of Vakıfbank spreads by the inclusion of other banks until the end of 2018.
Credit Bureau, Banks Association of Turkey and close 2 years of the banking sector as a whole Following the project on which he worked over time, the letter of guarantee letter between Vakifbank and Türk Eximbank from July All this can be achieved in an electronic environment. Thus, Turkey's first electronic letter of guarantee by Vakıfbank will be addressed to the Turkish Eximbank.
Eximbank Managing Director Adnan Yildirim, Turkey to exporters in the locomotive of the economy much more quickly and efficiently to provide services They said that they considered this project as very important.

Yıldırım said Türk Eximbank is accelerating the infrastructure changes needed for digitization, and has announced that CBRT and Türk Eximbank transactions could be done in an electronic environment in the next period. Yıldırım said the warranty letter will speed up operational risks as well as speed and efficiency and respond more quickly to the needs of the exporter with the electronic guarantee letter we launched with Vakifbank via the platform. form prepared by KKB, as well as errors, losses, we will be completely protected against the risks. "Yıldırım said that the scope of the project will be expanded with the inclusion of other banks and public institutions during the year for the e-collateral letter platform

Yıldırım continues as follows: "Like Türk Eximbank, in order to increase the support we provide to our exporters, we progressively introduce electronic infrastructure projects to speed up operations while putting them into practice. We will increase the financial support we give exporters from $ 39 billion in 2017 to $ 46 billion in 2018 with a 17% increase. [19659000]

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The General Manager of Vakifbank Mehmet Emin Ozcan, one of the most fundamental products of the banking sector, provides letters electronic guarantee. in terms of increased operational efficiency, lower transaction costs, fraud prevention. Özcan, "Signing the first signs and changing direction is happening in our genes.In this sense, we are proud to participate in the process of digitizing letters of guarantee and directing the sector on the ground." Ozcan also reported that long-term businesses will be both lighter and stronger in the competition.

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