Benchmark declared prices
Explore recorded import and export statistics by HS code, country and period.
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Trade Price Review
Does the declared price make sense?
Bring price context to your next Letter of Credit. Compare declared prices with recorded trade statistics on Credence.
One platform. Counterparty reports and transaction-level price review.
- The supplier checks out.
- The documents appear consistent.
Good to go? Not yet.
Counterparty checks address who you are financing. Price checks add another dimension to the transaction review.
What’s included
Four capabilities for a stronger transaction review.
Unit prices worked out for you
View calculated average values per item, kilogram or other reported unit in your preferred display currency.
Keep a clear review trail
Record checks, add comments and email the review record to yourself. Download results in Excel or PDF.
Built for LC checks
Order counterparty reports and review trade prices on the same Credence platform.
Put the price in context
A price difference deserves an explanation.
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.
- Specifications
- Quality
- Trade terms
These factors may explain the gap. Consider the commercial context when reviewing a declared price against the benchmark.
From invoice to assisted comparison.
Coming soonProforma invoice (PI) and invoice upload with assisted price comparison through our AI tool, Insight Lens.
Your questions, answered
Before your first review.
What does a trade-price benchmark show?
It uses recorded import and export values and quantities to calculate an average value per item, kilogram or other reported unit. You can explore trade statistics by HS code, country and period, and view average unit values in your preferred display currency.
Does a price difference prove over-invoicing?
No. Specifications, quality and trade terms may explain a difference. The benchmark provides a reference for further inquiry; a price difference alone does not establish misconduct.
Can I keep and download my review?
Yes. You can record checks, add comments and email the review record to yourself. Results can be downloaded in Excel or PDF.
How can my team get access?
Trade Price Review is available as a separate subscription module on Credence. Contact your Credence Relationship Manager for a demonstration and to enable access. You can also order counterparty reports on the same platform.
Available on Credence
Bring price context
to your next LC.
Available as a separate subscription module. Contact your Credence Relationship Manager for a demonstration and to enable access.
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