Managing
Payment Risk
Our Payment Risk Management tools are used to secure payments against the successful matching of trade data provided to the buyer and supplier with a peer-to-peer private, secure, and permissioned transaction exchange.
The Marco Polo technology creates total transparency for suppliers and buyers in the reconciliation and approval of purchase orders, contracts, and invoices within the trade process.
Payment Risk Management
Manage payment risk for both domestic and cross-border markets
Issue and receive bank payment commitments
Reduce costs of traditional instruments such as Letters of Credit
Reduce time and operational risk
Get real-time visibility
Support working capital finance (irrevocable payment undertaking — receivables financing and purchase order financing)
Support financial institution, buyer, insurer, or other irrevocable payment undertaking issuers
Solution to current
market challenges
Replicated data sets
Multiple data sets get needlessly replicated between parties with each one keeping data in their own trade and general ledger systems
Manual communication between parties
Inefficient communication via messages, emails, and paper documents throughout the trade finance process life-cycle events
Time lags
Data becoming inconsistent and erroneous due to time lags between inefficient and incompatible systems
Discover your next trade solution
Live payment risk management transactions (formerly Payment Commitment) involving KSB, Kuraray, Şişecam and Voith, and Marco Polo member banks Commerzbank, İşbank and LBBW are proof that digital end-to-end settlement processes with a high degree of automation and electronic data exchange will be the new normal in trade finance.
Dani Cotti
Managing Director, Centre of
Excellence, Banking & Trade for
Marco Polo Network
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