Toronto, Canada – Geneva Switzerland, December 1, 2022: GlobalTrade Corporation (GTC) has announced today that it has been acquired by Swiss headquartered Komgo. Jointly Komgo and GTC provide trade finance digitalisation solutions to over 120 multinational clients and their 11,000+ subsidiaries, connecting them to their financial institutions and trade service providers on a global basis.
News
Komgo acquires GTC to create the world’s largest platform for digitalisation of trade finance
GTC renews its SWIFT Alliance Lite2 for Business Applications (L2BA) certification
Toronto, Canada, September 15, 2022: GlobalTrade Corporation (GTC) announced today that it has successfully renewed its SWIFT Alliance Lite2 for Business Applications (L2BA) certification for its @Globaltrade Platform.
Wärtsilä Corporation chooses GTC Solution to fully digitize its trade finance business
Toronto, Canada, September 12, 2022: GlobalTrade Corporation (GTC) has announced today that Wärtsilä Corporation, a global leader in innovative technologies and life cycle solutions for the marine and energy markets, has selected its @GlobalTrade™ Multi-bank Trade Finance Platform for managing and digitizing their bank guarantees, standbys, surety bonds, corporate guarantees, as well as export documentary credits.
GlobalTrade Corporation to provide Alstom with solution to centralize management of bank and parental guarantees, sureties and standbys
Toronto, Canada, September 2, 2022 – GlobalTrade Corporation (GTC) has announced today that Alstom, the leading global innovative player for a sustainable and smart mobility, selected @GlobalTrade™ Platform to replace its internal system and improve efficiency and controls of its trade finance operations. Alstom will use the Platform to reduce operating costs by improving reporting and management oversight capabilities.
Our Clients
Solutions
Standby LC / Guarantee Issuance
@GlobalTrade Standby LC/Guarantee Issuance (GTI) System supports the issuance of standby letters of credit, bank guarantees, corporate guarantees and surety bonds, in addition to allowing corporates to manage their credit facilities. The GTI system allows your team to manage the complete workflow of the guarantee issuance processes, including application, amendment, reduction and claims.
Standby LC / Guarantee receipt
@GlobalTrade Standby LC/Guarantee Receipt (GTR) System manages the complete process of handling incoming Standby LCs, Bank Guarantees, Corporate Guarantees and Surety Bonds. Corporates also benefit from the GTR system with real-time monitoring of total exposure to counterparties and banks, faster preparation of claims, and SWIFT or web-interface communication with banks.
LC Export
@GlobalTrade Export Documentary Credit (ELC) System allows corporates to receive documentary credits electronically from banks, prepare compliant documents, and share information across business units and logistics providers. The ELC system enables treasury to reduce discrepancies through the integrated document preparation module, and reduce DSO through direct presentation of documents to banks.
Export Documentary Collection
@GlobalTrade Export Documentary Collection system provides corporates with an easier way to submit documents to a bank under an export documentary collection. Prepare documents faster through standard electronic templates, present documents to directly to the bank, and have global visibility of outstanding collections across multiple banks.
LC Import
@GlobalTrade Import Documentary Credit System improves the efficiency of LC handling by simplifying import documentary credit application, amendment, drawing and payment reconciliation process. Corporates benefit from the reduction of errors by using templates and SWIFT standards, and permanent and transactional alerts linked to LC and transactional data.
Receivable Finance Management
@GlobalTrade Receivable Finance Module (RFM) allows a corporate to better manage its sale of receivables by bringing in all its customers, banks and business units under one umbrella. The system creates an electronic communication bridge under which the stakeholders can send / receive invoice discounting requests via SWIFT or specific XML formats. This significantly speeds up the financing and settlement process.
