Products

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