Citi Direct Presentation Service for Exporters Streamline your export letter of credit payment cycle time and your improve working capital via an instant and secure electronic presentation of export documents Designed to automate your Export Letter of Credit document presentation and examination processes, Citi’s Direct Presentation Service can help your company reduce costs, save time and speed payments. How it works The exporter transmits export LC documents electronically to Citi for pre-examination using Direct Presentation Service, a Web-based transaction and information platform 1. Citi will send the exporter an email alert advising that documents are compliant and attaches a cover letter 2. At the same time, an automatic notification is sent to the courier service 3. The exporter will attach the cover letter to the original documents and send to the issuing bank 4. If discrepancies are uncovered, the Exporter can make corrections immediately online and resubmit. Direct Presentation Service Web-Based Platform Courier Partnership 6 Exporter sends original 5 Electronic notiﬁcation 1 Exporter submits 2 E-mail alert to Citi. documents to Issuing Bank using Citi partner courier documents to Citi electronically for pickup sent to the courier Documents have been submitted by Exporter Key Benefits • Retain total control over document flows since physical documents do not leave your office until they are ready to go to the issuing bank • Reduce Days Sales Outstanding (DSO) and speed up payments by getting documents to the issuing bank and buyer faster • Minimize the time spent manually managing documentary pre-examinations by adopting real-time document exchange, automated processes, event notifications and access to an online audit trail LC Issuing Exporter 4 E-mail notiﬁcation that documents are clean, cover letter and courier AWB ready to print 3 Citi examines documents. If documents are clean, sends e-mail alert with Citi document cover letter and courier AWB to Exporter For more information about Citi Transaction Services, please visit www.transactionservices.citi.com © 2013 Citibank, N.A. All rights reserved. Citi and Arc Design is a trademark and service mark of Citigroup Inc., used and registered throughout the world. All other trademarks are the property of their respective owners.
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