Comparison Aspect

Traditional Bill of Exchange

Authenticity

• Authenticated / verify online

• Un-authenticated

Securing/ Order

• Easy and Convenient
• Online
• 24 Hours / 7 day a week managemnt

• Physical attendance at Bank
• Waiting lines / ueue
• Restricted to Banking Hours

Security Features

• UV fibre paper
• UV mark
• Security paper / design
• Chemical sensitive paper
• Guilloche

•  Basic security features

Technology Features

• Hack proof
• Norton Symantec SSL
• ASPX

• Limited technology   with manual   verification basis.

Gorvening Guidelines

• UNICITRAL
• ICC
• (International Regulation Compliance)

• Local Bill of Exchange Act
• (Local Regulation of   Compliance)

Available Currency

• 16 major currencies

•   Limited currency

Customer Service

• Specialized service
• Able to contact via email, telephone & chat  Online
• Self management control panel

• Physical attendance in the bank

Delivery

•  At the branch

• At the branch

Service Availability

• 24 Hours / 7 day a week  at www.ibillex.com

• Restricted to banking Hours

Status Check

• Online self-checking – Detailed and update  information is available.
• Email notofication

• Call Customer Service  Centre / Branch
• Restricted  / Limited information

Privacy Level

• Provide options to user ie. Private or Public
• (Private – strictly for limited parties)
•  (Public – All users having the serial and the Reference number of the Billex are able to    View)

• N/A

Record Retention

• 8 years retention period
• Online and immediate availability

• 6 years retention period
• 3 to 4 working days upon formal Request.

Secrecy

• Dedicated platform
• Isolated platform
• System Interaction
• Canadian Secrecy law

• Subject to bank secrecy and local law