Approve a Trade Finance Transaction – iTrade Print

Overview

This guide provides step-by-step instructions for reviewing and approving a Trade Finance transaction in iTrade.

The approval process is used by authorized approvers to review submitted transactions and either approve them for further processing or return them for amendment.

Step 1: Access the Trade Finance Product

1. From the iTrade Dashboard, select Trade Services.
2. Choose the required Trade Finance product from the drop-down menu.

Examples may include:

• Import Letter of Credit
• Export Letter of Credit
• Bank Guarantee
• Documentary Collection

This will open the dashboard for the selected product.

Step 2: Open the Pending Approval Tab

1. Select the Pending Approval tab.

The Pending Approval tab displays all transactions awaiting approval within your organization.

Step 3: Open the Transaction for Review

1. Locate the transaction that requires approval.
2. Click Authorize for the relevant transaction

The transaction details will be displayed for review.

Step 4: Review the Transaction

Review the transaction details carefully.

1. Verify all transaction information.
2. Review any supporting information provided.
3. Enter comments in the Comments field if required.

Step 5: Approve or Return the Transaction

After reviewing the transaction:

• Click Approve to authorize the transaction and continue processing.
• Click Return to send the transaction back for correction or additional information.

Step 6: Submit the Decision

1. Review your selected action.
2. Click Submit.

If the submission is successful:

• An acknowledgment message will be displayed.
• The transaction status will be updated accordingly.
• The workflow will continue based on the selected action.