The Bank Administrator can create new and evolving products separately for Import Letters of Credit, Collections, Guarantees, Export Letters of Credit, Non-LC Exports etc. by defining varying parameters without any dependence on the software provider thus enabling quick turnaround time. Fintra enables creation of separate product for different types of Letters of Credit or Guarantees or Bill Collections. Similarly, the Bank Administrator can also define new Advice templates, Fee requirements etc. These can be maintained and modified at the convenience of the bank without any dependence on the software provider.