Letter of Credit Amendments or Creation

Finance & Banking
Written By Lee A

Description

Whether issuing, amending, or canceling, handling Letters of Credit is one of the most compliance-sensitive tasks in trade finance.

This AI Agent automates the full lifecycle of LC management—pulling data from proforma invoices, validating trade terms, generating SWIFT-compliant documentation, and applying amendment logic. It ensures that every action—from the first issue to the final cancellation—is auditable, accurate, and aligned with institutional policy and international standards.

Used by banks and corporates alike, the AI Agent eliminates the manual rework, back-and-forth validation, and version control issues that often delay cross-border transactions.

Description

  • Automate LC creation, amendment, and cancellation from source documents

  • Ensure SWIFT and trade compliance with built-in controls

  • Reduce manual LC processing time by 80%

  • Improve turnaround time and visibility for all stakeholders

Effectivity Score

8/10

Lee A
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