Access Bank Completes Integration of AccessTrade Trading Platform

Access Bank Plc has concluded the integration of its online trading platform AccessTrade with e-Form ‘M’ Portal introduced by the Central Bank of Nigeria (CBN) in conjunction with Nigerian Customs Service and Messrs. Webb Fontaine Consortium.

Ebenezer Olufowose,  Access Bank’s executive director, Financial Markets Division disclosed this at the  just concluded Access Bank Customer Engagement Forum on e-Form ‘M’ in Lagos at  the weekend. 

According to Olufowose, “We have integrated our AccessTrade platform with the e-form ‘M’ portal so that transactions initiated by customers on AccessTrade are fed into the e-form ‘M’ portal.

The Bank’s AccessTrade platform enables customers to initiate and execute online trade transactions across the globe anytime of the day irrespective of time zone differences. Access Bank customers can also view, download or print copies of documents for any transaction.

Olufowose stated this is part of the bank’s strategic efforts to ensure smooth implementation of the electronic form-M document earlier introduced, by the Central Bank of Nigeria (CBN) in conjunction with the Nigerian Customs Services.

Mr Batari Musa, the CBN Director of Trade and Exchange, at the event, said the e-form ‘M’ includes the automation of international trade transactions and reduction of turnaround time from importation to the clearing stage of all international trade transactions.