Check the set before you commit. Verify the collateral before you lend.
FDP Connect is trade-finance document software for banks. It cross-checks every LC and collection set against its terms before honour, verifies any signed Bill of Lading or Certificate of Origin against a shared chain anchor in 30 seconds with no login, and puts guarantees, subvention, FX hedges and e-BRC realisation on one shelf — so you settle faster, refuse less, and finance title you can prove is exclusively yours.
One export set. Every instrument on faith. Nothing you can independently check.
Sit in the checking officer's chair — before FDP Connect. The set lands, the exporter wants their money, the buyer wants their goods, and every document in front of you is trusted because there is no way to prove it. Scroll, and watch each hand-off cost you time, capital and certainty.
- REFUSED
The set that fails on the first read
A presentation lands under your LC. You check it against the credit — and a shipment date is one day past the latest date, a description reads two ways, an amount is off by a rounding. Industry surveys put first-presentation refusal at 60–80%, so this is not the exception, it is the day.
Days of settlement delay per set — while the beneficiary blames you and the applicant renegotiates on the crack you found.
- UNVERIFIABLE
A Bill of Lading you take on faith
You are asked to negotiate against an original BL and a Certificate of Origin. You have no way to independently confirm either is genuine — no issuer key to check, no anchor to reconcile against. You commit funds on a scanned PDF and a signature you cannot re-derive.
One forged set clears your counter — and your genuine documents can't prove they're real when the next bank calls to confirm.
- DOUBLE-PLEDGED
Collateral that was never only yours
You finance against a bill of lading. So does another bank across town, against the same paper. Nothing in a couriered original tells you it has already been pledged — there is no single record of who holds title right now.
You discover the duplicate financing after disbursement, when two lenders claim one cargo and the recovery is a lawsuit, not a keystroke.
- COURIERED
Title arrives by aeroplane
The goods have sailed, but you cannot negotiate until the physical BL set reaches your counter. It sits in a pouch somewhere over the Arabian Sea while demurrage builds at the discharge port and the exporter calls daily asking where their money is.
Days of financing cost and demurrage on every deal — and a lost original set freezes the cargo until an indemnity is arranged.
- UNTRACKED
The guarantee that lapsed in a spreadsheet
Your bank guarantees, bonds, margins and commissions live across a spreadsheet and three inboxes. A performance guarantee's validity window closes unwatched; an EPCG or IGCR-linked bond is invoked before anyone reconciles the margin held against it.
Exposure you cannot see until it crystallises — an invoked guarantee, an under-margined bond, a claim you booked no provision for.
- UNCLAIMED
Subvention and realisation, reconciled by hand
Niryat Protsahan interest-subvention claims are matched to the exporter's UIN financial-year by financial-year on a manual worksheet. Meanwhile the export leg sits unrealised — the e-BRC never closes, the FEMA nine-month window ticks toward overdue.
Subvention under-claimed or wrongly rated, and realisation that slips into the RBI overdue list before anyone flags it.
Every one of these traces back to the same thing — a record nobody could trust, and paper nobody could check. Here's the other way.
Your goal, delivered
AI agents cross-check every LC and Documentary Collection set against its own terms — amount, parties, ports, dates, description — under UCP 600 and URC 522, and flag high/critical findings before honour-side transitions. Discrepancies surface while they can still be cured, not after the ship has sailed, so first-presentation refusals fall and settlement moves.
Verify any FDP-issued BL or Certificate of Origin against the shared chain anchor in 30 seconds with no login — the app re-derives the signature and reconciles the hash independently, so tampering shows as an invalid link. eBLs and negotiable instruments move under single-holder MLETR control, closing the door on the same bill being pledged to two banks.
Bank guarantees and bonds — 7 native plus 3 scheme kinds — sit in one dashboard with margin and commission computed, 30-day expiry auto-flagged, and cross-links to the EPCG, IGCR and bonded-warehouse exposure behind them. Niryat Protsahan interest subvention is claimed at the notified 2.75% p.a. rate against the exporter's UIN, hard-failing if a claim is unmapped rather than guessing.
FX forwards and options are logged against live ECB/Frankfurter rates with realised savings benchmarked to unhedged mark-to-market at settlement — no silent assumptions, every spread and premium entered explicitly. The e-BRC export-leg reconciliation engine closes the FEMA nine-month window and ties incentive realisation to actual forex received, with marine-insurance value validation catching under-insured CIF before you commit.
Counterparty discovery by IEC or legal name and identity tiering (DV → pLEI → OV → LEI) tell you who is actually behind the paper. Declarations and instruments flow from the same continuously-validated shipment record the exporter and negotiating bank already share — one source of truth, verifiable by anyone, instead of a disconnected PDF you have to trust.
Built around how you work
Trustless verification & identity
Any party checks an FDP-issued document against the chain anchor with no account — the app re-derives signatures and independently resolves each endorser's key rather than asking its own database. Identity tiering (DV → pLEI → OV → LEI) ranks the entity behind the document, and custody-signature verification is your defence against forgery and duplicate financing.
LC & collection discrepancy engine
AI agents compare the linked set against the credit or collection terms under UCP 600 Article 14 and URC 522 — amount, parties, ports, dates, description — and block honour-side transitions on critical findings, surfacing curable discrepancies before the goods move and the refusal count climbs.
Transferable-record finance
eBLs, bills of exchange and promissory notes move as MLETR transferable records under exclusive, replay-hardened single-holder control on BharatTradeNet — financeable, assignable and auditable, so title changes hands in seconds and the same bill can't be pledged twice.
One trade-finance shelf
Bank guarantees and bonds, Niryat Protsahan interest subvention, FX forwards and options, marine-insurance value checks and e-BRC / FEMA realisation reconciliation — one register with expiry alerts, UIN-mapped subvention claims and realisation tracking, cross-linked to the schemes and shipments behind each exposure.
- Letters of Credit — 7 kinds, 4 availabilities, UCP 600 with AI discrepancy detection
- Documentary Collections — D/P & D/A under URC 522 with AI discrepancy detection
- Bank Guarantees & Bonds — unified register (7 native + 3 scheme kinds), margin & commission, 30-day expiry, EPCG / IGCR / warehouse cross-links
- Niryat Protsahan (Export Promotion Mission) — 2.75% p.a. interest subvention, UIN-mapped, ₹50L/FY cap
- FX Forwards & Options — live ECB/Frankfurter rates, savings vs unhedged mark-to-market
- Marine Cargo Insurance value validation — under-insurance / CIF adequacy
- e-BRC realisation & FEMA-window reconciliation (direct / deemed / Softex)
- Electronic Bill of Lading (MLETR) — issue / endorse / surrender / lock / burn
- Negotiable Instruments — Bills of Exchange & Promissory Notes (MLETR)
- Verify signed PDF against the chain anchor — public, no-login, trustless
- Verifiable Credentials (SD-JWT) — selective disclosure of LEI / doc no. / party
- Identity Assurance Tiering — DV → pLEI → OV → LEI on the counterparty
- Verify custody & endorsement signatures — the duplicate-financing defence
- DCSA Bill of Lading 3.0 interop (partial — honest about unpopulated fields)
- ECGC short-term export-credit guarantee hints (framework on roadmap)
Settle on documents you can trust — and collateral you can prove.
See verify-without-login, LC/collection discrepancy detection and the guarantees-and-realisation shelf on a real export set in a 20-minute walkthrough.
Free to start, no card · your first Certificate of Origin is on us · you approve every filing.
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