Trade Clear
- Linked to direct source data in the entire trade cycle
- Secured sign-in & 2FA services with Singapore’s accredited Certified Authority
- Full Audit Trail
- Autofill Trade Data into eBDN
Objective
Opening up transparency and visibility of a transaction in order to enable finance or granting of additional purchase limit
1. Authorised user sign-in
- Identity verification using 2 factor authentication by Singapore’s accredited CA
- Trade confirmations can be signed and issued online between counterparties within Singapore’s legal jurisdictions
2. Full digital life cycle management
- Captures trade from beginning to end digitally
- Time-stamp record
- Digital Trace, Track and control of physical bunker inventory tied to trade data
- Settlement of trade using escrow account linked to system
- Blockchain repository
3. Risk management and fraud prevention
- Immutable document trail on blockchain provides provenance check
- Counterparties verification prevents single party fraud
- Cross validation of trade data, IOT data with historical data on system
Features
- BLOCK CHAIN
- AIS TRACKING LOGS
- MFM LIVE DATA CAPTURE
- DIGITAL DOCUMENTATION MGT
- TRACE TRACK AND CONTROL BUNKER INVENTORY
- CCTV MONITORING
- IN-TANK SENSORS
- PUMP/VALVE CONTROL
