What is Al-Arabi TradeLink and what services does it offer?
Al-Arabi TradeLink is an Internet-based application developed by Arab National Bank to further support its customers' trade finance requirements. It provides customers with the ability to access the following on-line functionality:

1. Letter of Credit Issuance (including amendments)
2. Standby Letter of Credit Issuance (including amendments
3. Negotiation of documents under Outward Letters of Credit.
4. Guarantee issuance (including amendments, extensions, cancellations etc.)
5. Advising and confirmation (if required) of Inward Letters of Credit
6. Online status inquiries

The above will would be rolled-out in a phased manner.

Al-Arabi TradeLink service will:

1. enable you to conduct your trade finance transaction faster
2. save administration time for the busy corporate professional
3. offer ultimate flexibility because it is available 24 hours a day, 7 days a week from anywhere in the world.
4. reduce your postal and courier charges as your trade finance applications can now be submitted electronically
5. give you greater peace-of-mind due to the proven security and stability of this service and your full control of who accesses the service

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Al-Arabi TradeLink Advantage

1. Arab National Bank (ANB) is one of the first to offer a comprehensive on-line trade services in the Kingdom.
2. We at ANB have put years of our collective experience and expertise while designing the application. Based upon customer feedback, the application has been refined to make it most user-friendly.
3. Al-Arabi TradeLink uses state-of-the-art technology and leading-edge security.
4. Al-Arabi TradeLink has been created based on existing best practice and the following international standards and regulations:
   - Uniform Customs and Practice for Documentary Credits ('UCP') .
   - Uniform Rules for Collections ('URC')
5. The latest publications of UCP and Incoterms are available online for our customer's referral and guidance.
6. Our subject matter experts our available at all times to offer advice and training at customer's location. This will ensure that authorized customer officers will be able to operate the new service and take advantage of the service's benefits as quickly as possible.

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How does 'Al-Arabi TradeLink' help the customers achieve higher efficiencies in their trade finance process?

Al-Arabi TradeLink supports all aspects of processing trade-related business for importers and exporters. It is flexible, user friendly and rich with trade finance functionality. Its time-saving features include:

1. Quickly creating and transmitting electronically a new credit or guarantee application through access to templates, copying and pasting text from a previous transaction and inserting standard clauses from the customer's own database
2. Online confirmation and advices for transactions handled by the bank
3. A transaction-based message system between the customer and bank
4. The availability of the customer's transaction history online via the Bank's electronic archive
5. The flexible management of user access rights controlled by the customer
6. Viewing and printing of customized reports. Report formats can be either predefined or customized by the customer according to his own preference and query criteria.
7. Notification and advising functions for export and documentary collections

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How much will the 'Al-Arabi TradeLink' cost?

Al-Arabi TradeLink is a value added service introduced by the bank, there might be a small set-up charge as will be pre-agreed between the bank and the customer. The normal commission and charges for trade finance transactions agreed with Arab National Bank will still apply depending upon the nature of the transaction.

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What time is Al-Arabi TradeLink available?

Al-Arabi TradeLink can be used on a 24 x 7 x 365 model. However processing at Arab National Bank will be done within normal working hours as per SAMA directions.

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Is Al-Arabi TradeLink secure?

We have built-in the most advanced and comprehensive security measures, currently available in the system that only allow the person you authorize to access your data in Al-Arabi TradeLink. In addition the Industry-standard encryption of the data packages ensures that data is transferred securely. Further, the security configuration of our Internet Servers provides local as well as remote protection from break-in attempts.

We also apply an automatic inactivity time-out, which means that if there is no activity on Al-Arabi TradeLink within a certain period then the session is terminated.

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What conditions must we satisfy to use Al-Arabi TradeLink?

You need to have:

1. An account with Arab National Bank with pre-agreed arrangements with the bank for Trade finance and Trade Services facilities.
2. A signed Al-Arabi TradeLink E-Banking Agreement with Arab National Bank

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Where can I apply for the " Al-Arabi TradeLink "?

If you already hold a bank account with us, then please follow the procedure as described below:

Step 1 Complete the Al-Arabi TradeLink application form and indicate which elements of the service you will need at the outset.
Step 2 Append signature/s from your company's authorized officer/s.
Step 3 Send the signed application form to your Relationship Manager (RM).
Step 4 The Bank will then deliver the User ID and password required to activate the service to the authorized signatory of your company by hand for security reasons. This will normally happen within 3
working days.

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