GTK Konsole Connectivity
For over a decade, Konsole has been the backbone of trade instrument processing for banks and corporates worldwide, with more than 200,000 instruments issued through the network in 2025. Konsole is GTK's only channel enabling full integration with banks, accelerating issuance and significantly reducing the risk of manual errors. Today, we are taking a decisive step forward.
What Is Changing and Why
As the financial industry moves toward API-based infrastructure, including banks aligning with ICC standards, GTK is evolving Konsole from a communication channel into a true synchronization infrastructure, modern, ICC-aligned, and built for automation. This transformation does not happen overnight, but this release marks the beginning.
Until now, corporate users could perform actions (issuance, amendments, reductions) that should have been bank-initiated. Transactions were also frequently managed through off-platform exchanges, leading to banks and corporates working from different versions of the same transaction. This resulted in data inconsistencies affecting fee calculations, reporting, and reconciliation.
What's New
Where GTK–Konsole connectivity is in place, all transaction lifecycle actions must flow through it - ensuring a single, consistent source of truth from issuance onwards. Bank-owned data (such as issuance confirmation or reduction recording) can no longer be modified on the corporate side. Bank actions are performed exclusively by the bank, while corporate users retain full visibility and control over everything within their scope. This delivers:
- Consistent data on credit lines and bank fees: a single controlled channel ensures figures are always aligned between parties.
- Full workflow integrity: users cannot bypass configured workflows, guaranteeing every transaction follows the correct path.
Looking Ahead
This release lays the groundwork for broader GTK Konsole modernization, aligned with ICC API standards and the upcoming SWIFT SR26 migration. By year-end, Konsole-connected clients will benefit from full lifecycle alignment, accurate real-time data, zero reconciliation, and automation without compromise.
Key Features
Historical Reporting and Analytics Dashboard
Users can now generate guarantee reports for any selected historical date, reflecting the state of guarantees based on effective dates. Backdated amendments and closures are included automatically, and both new and pre-existing transaction data have been built back into the reporting model for a complete historical view. A new Analytics option under the Reporting menu provides direct access to this data within the application, with the ability to filter by an "As of" date and convert amounts using the FX rate closest to that date via a Report Currency selector.
Evergreen Renewals on GTK Webportal
Bank users can now validate and update expiry dates for guarantees with auto extension clauses directly from the transaction view page. Saving the updated dates automatically creates an Amendment in Issued status with Amendment Reason set to Renewal.
Konsole Connectivity for GTR Transactions, Amendments, and Reductions
The Konsole channel is now fully supported in GTR, covering the complete transaction lifecycle: advising, amendments, reductions, claims, extend or pay, closings, and free format messages between corporate and bank users. PDF attachments containing all Konsole fields are automatically generated and attached to GTR transactions and amendments for full traceability. New statuses, workflows, and roles have been introduced to support accept/reject flows on amendments and structured reduction processing, ensuring that the GTR module now operates with the same level of Konsole integration as GTI.
Configurable Fields for Guarantee Copy
Users can now control which fields are carried over when copying a guarantee, with configurable settings applied across the main application and Q-Form. This allows organizations to define which data should be pre populated for new transactions and which fields should be left blank for manual entry. Default behavior remains unchanged for clients who do not configure the feature.
New UI for LCI and GTR
The Import Letter of Credit (LCI) and Guarantee Receipt (GTR) modules have been updated with the modernized design framework, aligning them with the look and feel already applied to GTI and other modules. The refreshed interface improves readability, navigation, and layout consistency while keeping all existing functionality unchanged. Combined with the LCE modernization (available in beta), this brings the majority of GTK modules onto the new design system.
Transaction Error Messages Improvement
Validation errors on GTI transactional screens now persist after a status change attempt instead of disappearing, and are displayed in a sticky banner that remains visible while scrolling. On edit pages, each error message is clickable and jumps directly to the affected field, which is highlighted with a red border. This significantly reduces the time users spend locating and correcting validation issues, especially on long transaction forms with many fields.