SovTrade® IQ offers up-to-the-minute status reporting of export collections, outstanding and expired Sovereign Bank L/Cs and banker's acceptances, and provides real-time details of transactions processed by our international partner banks. SovTrade® IQ is available via any Internet-connected computer, anywhere in the world, at any time of day or night.
SovTrade® IQ offers immediate delivery of new features and functions with no need for proprietary software to be installed or maintained, and no need for replication and synchronization of remote databases.
Trade queries for transaction details (issuance, payment advices, export collections, and amendments) are processed within seconds, which eliminate costly delays and unnecessary expenses typically associated with tedious manual inquiries.
Sovereign Bank utilizes state-of-the-art firewall and SSL technology to assure that your information and transactions are viewed by authorized personnel only. These technologies include enhanced protection through access control and authentication by using individual user IDs, passwords, and secure dynamic token card synchronization.