Agent services for Operational Disbursal and post Disbursal commodity trading activity

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Agent services for Operational Disbursal and post Disbursal commodity trading activity


Option 1

1. Bank generates the disbursal/post disbursal reports and sends to agent to do the commodity trading
2. Agent uploads the file in the Commodity Platform server and do the commodity trading and generates the certificate number for each customer and park in the Banks FTP folder (shared folder)with the current date.
3. Once the commodity trading completes a notification email will be sent to operations on daily basis by the agent
4. All sharia related disbursal/post disbursal activity will be checked by the Agent while executing the commodity trade.

 

Option 2

1. New integrated system will be created with Commodity Platform and Bank system where the commodity trading will happen automatically at the time of disbursal/post disbursal and certificates will be parked in the Banks FTP folder(shared folder) for each customer. - (in this option there is no manual intervention required by operations, so this option can reduce operational error/effort)
2. All sharia related disbursal/post disbursal activity will be rechecked by the Agent after the execution of the commodity trade.