News

GE Capital Aviation Services Selects GTC to Digitize its Incoming Guarantees

Toronto, Canada, September 13, 2019 – GlobalTrade Corporation (GTC) has announced today that GE Capital Aviation Services (GECAS) has selected @GlobalTrade Multi-bank Trade Finance Platform for digitization of its incoming guarantees.

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Commerzbank Partners with GTC to Further Digitize and Automate Its Trade Finance Business

Toronto, Canada, May 20, 2019 – Commerzbank has entered into a strategic partnership with GlobalTrade Corporation (GTC), a leading Canadian application services provider of innovative multi-bank trade finance solutions.

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Epiroc expands the use of @GlobalTrade™ in the U.S., China, and India for LC & Guarantee Management

Toronto, Canada, April 30, 2019  – GlobalTrade Corporation (GTC) has announced today that EPIROC (https://www.epiroc.com) has expanded the use of its @GlobalTrade™ Multi-bank Trade Finance Platform to the U.S., China, and India.

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Idemia Selects GTC’s @GlobalTrade™ Multi-bank Trade Finance Platform & SWIFT

Toronto, Canada, March 22, 2019 – GlobalTrade Corporation (GTC) has announced today that IDEMIA. www.IDEMIA.com has selected its @GlobalTrade™ Multi-bank Trade Finance Platform for managing bank guarantees…

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Standby LC / Guarantee Issuance

@GlobalTrade Standby LC/Guarantee Issuance (LG) 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 LG 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 (LG) Receipt System manages the complete process of handling incoming Standby LCs, Bank Guarantees, Corporate Guarantees and Surety Bonds. Corporates also benefit from the LG 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.

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