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| Case H: Bank Guarantee
Workflow Application |
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The function and purpose of Trade
Guarantee is to facilitate buyers and sellers of goods domestically
with a more assured way of payment and delivery. When an agreement
between Buyer and Seller is reached, the Buyer will apply to the Bank
for the issuance of a Trade Guarantee to the Seller. This Trade
Guarantee assures the Seller of payment directly by the Bank if all the
terms and conditions of the agreement are in order. It also assures the
Buyer that the goods contracted for will be delivered according to the
agreement.
Trade Guarantee are negotiable instrument that can be used
to further finance the payee’s cash flow if needed. Our system can
handle 15 different types of Guarantee, such as Avalisation, Letter of
Intent, Payment, Bid bond, Customs, Rent, RAL/IL, Notary etc.
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Design Tools:
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Rational Rose, UML
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Technologies:
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J2EE, EJB, Servlet, JSP,
XML, XSLT, JDBC, HTML, JavaScript, LDAP
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Middleware:
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MOSeries
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Application Server:
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WebSphere
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Database:
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Oracle, DB2
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Security:
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Vasco Token
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