11/10/2026
Imagine your bank is asked to open a Letter of Credit for 100,000 units at US$120 each. The supplier checks out. The documents appear consistent.
Good to go?
Not yet.
A review of trade statistics for the same HS code and country corridor shows an average unit value of US$50. Applied to the proposed quantity, that is a US$7 million difference requiring explanation.
Specifications, quality and trade terms may explain the gap. But deliberate over-invoicing can also move excess funds overseas under the cover of legitimate trade.
Counterparty checks address who you are financing. Price checks add another dimension to the transaction review.
Introducing Trade Price Review on Credence, our new module supporting trade finance risk management and trade-based money laundering (TBML) risk reviews.
Trade benchmarks use recorded import and export values and quantities to calculate average values per item, kilogram or other reported unit. They provide a reference for further inquiry.
Your team can:
• Explore trade statistics by HS code, country and period.
• View average unit values in your preferred display currency.
• Record checks, add comments and email the review record to yourself.
• Download results in Excel or PDF.
Order counterparty reports and review trade prices on the same Credence platform.
We’re continuing to expand Credence towards a one-stop solution for trade finance risk management.
Coming soon: PI and invoice upload with assisted price comparison through our AI tool, Insight Lens.
Available as a separate subscription module. Contact your Credence Relationship Manager for a demonstration and to enable access.
Anindita Ghosh Shruti Sood Chhavi Agarwal Saurabh Kumar Hayet Robi Syed Md. Ibtesham Shehab Uddin Shipu
