Overview
This guide provides step-by-step instructions for creating and submitting a Financing Request through iTrade.
A Financing Request allows customers to apply for trade-related financing facilities, including Open Account Trust Receipt (TR) and Loan Against Invoices, through the iTrade platform.
Step 1: Access Financing Request Services
- From the iTrade Dashboard, select Trade Services.
- Click Financing Request.
This will open the Financing Request Dashboard.
Step 2: Create a New Financing Request
- Click Initiate Financing Request.
The Financing Request application form will open.
Step 3: Complete the General Details
Enter all mandatory fields marked with a red asterisk (*).
Navigation Tip: Use Next and Previous to move between sections, or select a section directly from the navigation panel on the left side of the screen.
Request Type
The Standalone option is selected by default.
Customer Reference
Enter an internal reference that will be used within your organization to identify the Financing Request.
Related Reference
Enter any additional reference information related to the financing request.
Financing Type
Select the required financing type.
Available options include:
- Open Account TR
- Loan Against Invoices
Open Account TR Category
If Open Account TR is selected as the financing type, choose the appropriate category.
Tenor
Enter the financing tenor (repayment period).
Description of Goods
Provide a description of the goods related to the financing request.
Predefined descriptions may be available for selection.
Beneficiary Bank Details
Enter the Beneficiary Bank's SWIFT Code or select it from the available list.
The bank details will populate automatically once a valid SWIFT Code is selected.
Payment Instructions
Enter the payment instructions applicable to the financing request.
Step 4: Complete Applicant Details
Entity
Select the entity submitting the request.
- If you are assigned to multiple entities, select the required entity from the drop-down list.
- If you are assigned to only one entity, the field will be populated automatically.
Applicant Information
The following information is generally pre-populated:
- Applicant Name
- Applicant Address
Bank Name
The bank defaults to Commercial Bank of Dubai (CBD).
Issuer's Reference
Enter or review the transaction reference associated with the Financing Request.
Step 5: Complete Amount and Financing Details
Invoice Amount
Select the currency and enter the invoice amount related to the financing request.
Loan Amount
Select the currency and enter the amount of financing being requested.
al Details
Provide any additional information related to the requested financing amount.
Important: Ensure the requested loan amount aligns with the supporting documents attached to the application.
Step 6: Complete Instructions to Bank
Principal Account
Select the account that will be debited upon maturity for settlement of the financing facility.
Fee Account
Select the account that will be debited for any fees, commissions, or charges related to the financing request.
Other Instructions
Enter any additional information or instructions that should be provided to the bank.
Predefined phrases may be available for selection.
Step 7: Upload Supporting Documents
Attach any supporting documentation required for the Financing Request.
Attachment Methods
- Drag and Drop
- Browse
Attachment Requirements
- Maximum of 5 files
- Maximum file size: 5 MB per file
Supported File Types
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Examples of Supporting Documents
- Commercial Invoice
- Proforma Invoice
- Supporting Trade Documents
- Specimen Signature
- Financing Support Documents
Step 8: Review the Application
Open the Preview section and review all information entered.
Verify:
- General Details
- Financing Type
- Beneficiary Bank Information
- Applicant Details
- Invoice Amount
- Loan Amount
- Principal and Fee Accounts
- Instructions to Bank
- Supporting Documents
If changes are required, return to the relevant section and update the information.
Step 9: Submit the Request
- Review all information carefully.
- Click Submit.
If the request is submitted successfully:
- A confirmation message will be displayed.
- A reference number may be generated for tracking purposes.