Design And Implementation Of International Trade&Supply Chain Solutions Frontend System Approved Invoice Financing Transaction Module In H Bank

In the international market, international trade financing business has hundreds of history.Recent years, with the changing relationship of buyers and suppliers in international trade, theformation of international supply chain and the maturity of electronic commerce and Internettechnologies, the power of market and technologies are making new developing direction forinternational trade business. According to bank’s credit and its unique advantage, bank takesmore and more important role in international trade, providing multi and convenient servicesto users which maximally guarantee international trade running smoothly. And bank greatlypromoted the development of contemporary international trade.In the international trade, payment is a big issue. Because1) Usually trading buyer andsupplier are lacking of sufficient acknowledgement and trusts with each other.2) They willmeet the foreign exchange control.3) Compare to domestic trade, international trade hasadditional international transportation links which will spend long time. And buyer is not wellknown the actual status of goods. It is hard to settle goods and payment at the same time.4)Remittance need more time as international trade amount is huge. Etc.Bank develops this supply chain solutions system is target to solve Open Account tradefinancial issues. In recent15years Open Account business has grown strongly and nowaccounts for81%of global trade finance up from20%as customers continue to migrate fromtraditional Letter of Credit to Open Account. Bank finds this chance to develop a financialsupply chain solutions system in order to stand in the leadership position in Open AccountTrade and financial supply chain. Phrase1of this Financial Supply Chain System includes1)Build relationship among bank, buyers and suppliers. Buyers and suppliers can buildrelationship and trusts according to this linking.2) Once the buyer uploaded an improvedinvoice to bank, supplier can apply a early payment from bank which can reduce the financialpressure of suppliers.3) Buyers and suppliers can view their balance in their account.4) Thebuyer can view invoice maturity date, suppliers’ list, uploaded improved invoices, reports. Iwill focus on point2in this paper. This dissertation is started from theory and practice. I deeply investigate the building ofthis Financial Supply Chain Solutions System. The dissertation includes the meaning ofstudying the system, the current status in domestic and in foreign countries, and thearchitecture of the system. Use J2EE infrastucture, design buyer upload approved invoices andsupplier apply early payment flow. Deploy the code to WebSphere Application Server, connectto IBM WebSphere MQ and Message Broker and link to backend systems to get commoninformation. Finally build an efficient, safe and useful Financial Supply Chain SolutionsBanking System.