PALBONTradeFinance

Run back-to-back commodity trades from offer to final settlement: contracts, letters of credit, shipping, documents, settlement, risk and treasury

Getting started

Introduction

What PALBONTradeFinance does, how a back-to-back trade flows through it, and the words it uses.

Finding your way

The app's menu, Explore panel, lists, forms, record pages, workflow bar, Print menu and command bar.

Roles and access

The eleven trade roles, what each may do, and how to give a person access.

First-time setup

Install, configure and load the masters a trade house needs before the first trade, in order.

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Trading and contracts

Trades

Offers, confirmations and the back-to-back trade that ties a purchase leg to a sale leg.

Trade contracts

Drafting, sharing, amending, approving deviations, finalising, signing and adding addenda.

Contract types

Purchase and sale contracts, framework agreements, charter parties, insurance, novation and your own types.

Contract library

Clauses, templates and price formulas, and how each is approved.

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Trade finance

Letters of credit

Import and export credits: reading the bank's MT700, checking against the contract, quotes, issuance and deadlines.

Amendments and SWIFT messages

MT707 amendments, incoming and outgoing SWIFT messages, and the MT700 writer.

Presentations and payment

Examining documents under a credit: discrepancies, fees, waivers, refusal timing and payment.

Guarantees and standby credits

Bank guarantees linked to a trade, with their MT760 and MT767 messages.

Facilities, funding and hedging

Bank facilities and exposure, funding requests to several funders, early-payment discounts and hedges.

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Shipping

Vessels, ports and nominations

Vessel and port masters, charter-party checks and clean-vessel acceptance.

Voyages

The voyage from nomination to discharge: statement of facts, bill of lading, position, emissions and freight.

Laytime, demurrage and despatch

Laytime rule sets and calculations, counting rules, shared cargoes and the debit or credit note.

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Documents

Surveyor work orders

Appointing the surveyor of each leg and sending the work order.

Document sets

Instructions from the credit's 46A and 47A, checking drafts, approvals, final documents and courier.

Trade documents

Each certificate, invoice and bill of lading as a record: versions, checks and certificate identity.

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Settlement

Commercial settlement

The final value of each leg: quality adjustment, laytime, freight and charges, then invoice and payment.

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Risk and compliance

Counterparty risk and compliance

Onboarding, beneficial owners, sanctions screening, credit assessment, alerts and the audit trail.

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Workflows, automation and design

Workflows

Each record type's states, actions, approvals, SLAs and escalations, and the workflow designer.

Automations

Rules that hand work from one step to the next: triggers, conditions, actions and mapped values.

Dashboards, reports and views

Dashboards for each area, the five reports, saved list views and exports.

Print and form design

Printing any record, PDF, PALBONPrint designs and the form designer.

AI assistant and voice

Asking and acting by text or voice, conversations that ask for what is missing, and reading documents into forms.

API and integrations

Calling PALBONTradeFinance from other software: authentication, endpoints, webhooks and SWIFT text.

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Example use cases

Example: a back-to-back coal trade, end to end

One trade through contract, trade finance, shipping, documents and settlement, every step with its figures.

More example flows

Discrepant documents and a waiver, CFR freight, a framework call-off, a corrected certificate, a rejection-limit freeze and more.

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Reference

Troubleshooting

Messages the app shows, what they mean and what to do.

Glossary

Trade, shipping and banking terms as PALBONTradeFinance uses them.

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