Trade & Supply Chain Finance

The processes, agreements, documents, and payment mechanisms that financial institutions support for their clients engaging in global trade consist of old, manual, paper-based activities as well as a number of automated but disparate digital tools and networks. Compliance and sanctions imposed by national governments play a key role in global trade processes, and banks take responsibility for examining trade transactions and trade documents. Banks handle and exchange paper documents, scanned digital documents, and electronic messages via SWIFT and other networks to facilitate various trade and supply chain transactions and products.
The Norman Group has deep experience with these products and their supporting tools and networks, including:
  • Import & Export Letters of Credit
  • Documentary Collections
  • Standby Letters of Credit
  • Guarantees
  • Structured Trade
  • Bankers Acceptances
  • Invoice Financing
  • Participations & Syndications
  • Open Account
  • OCR and AI Document Checking
  • eDocuments
  • Asset Based Lending

Case Study

From our Trade and Supply Chain Finance practice The Norman Group partnered with a regional bank to implement a third-party trade finance software management application, and integrate that software with a number of other internal bank systems, including the core banking platform (DDA and GL), SWIFT, wire transfer, OFAC, imaging, and profitability. The system included a client-facing portal for bank customers to initiate trade transactions, and view incoming transactions and reporting data. We provided subject matter experts who covered the roles of project manager, business analysts, technical analysts, and quality assurance analysts.