Toronto, Canada, January 17, 2020 – GlobalTrade Corporation (GTC) has announced today that Yara International ASA, a leading Norwegian chemical company, has gone live with its @GlobalTrade Multi-bank Trade Finance Platform for managing issued and received bank guarantees.
Toronto, Canada, November 13, 2019 – GlobalTrade Corporation (GTC) announced today that it is developing the Trade Finance Exchange Platform (TFX) that will simplify the price discovery process between corporations and financial institutions and create a digital trade finance marketplace for trade assets.
Toronto, Canada, October 1, 2019 – GlobalTrade Corporation (GTC) has announced today that Daimler AG has gone live with its @GlobalTrade Multi-bank Trade Finance Platform for guarantee management. Daimler has streamlined its group-wide guarantee management process covering the entire workflow…
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.
“As a niche player we have to carefully listen to our customers’ demands to stay competitive and to provide an excellent service in order to reach our goals. GlobalTrade helped us to make a step forward to not only consolidate but increase our slice of the market.”
“GlobalTrade Corporation has offered us to test their system with five of our major clients. We had positive feedback from all clients and are glad to now be able to offer the electronic delivery of DTAEA LC messages.”
“In today’s economy, having access to real time financial information is essential. Now, with GTC’s @GlobalTrade platform, we are aiming to automate and standardize our trade finance activities, reduce risk and bring our bankers onto the same electronic page.”
“Our decision to implement @GlobalTrade as an independent platform for the administration of bank guarantees was mainly driven by the possibility of having a fully integrated electronic process for handling guarantees with different banks with a one face solution. In addition, we have been able to integrate all corporate guarantees in the system which increases…
“Metsäliitto Group has changed its LC workflow from paper-based handling to the electronic way of working. All the LC handling work was formerly based on papers received via fax or e-mail from the different counterparties involved, but the @GlobalTrade Export LC multibank System has given our Group the possibility of receiving LC information electronically into…
GTC’s product has convinced us by its completeness. During installation phase and throughout the project customer service from GTC met our expectations at any time. Despite the fact that GTC is located in Canada and we are in Germany we felt that they were always next door.
It feels like GTC is the company that finally brings the letter of credit practice into the 21st century. Their platform offers state of art features that for sure will help us reduce the DSO and the number of discrepant documents in our daily L/C operations
‘In order to achieve greater efficiency, automation and standardization Kongsberg has decided to use SWIFT’s MT 798 standards for LC and guarantee processing. GTC was selected due to their understanding of our needs, the user-friendliness and flexibility of their solution, and the high level of system security.”
“We wanted to find a vendor that had a proven solution to handle all our trade flows on export documentary credit and guarantee side with enabled SWIFT connection,” said Jari Hänninen, Head of Structured Finance, Credit Products at Nokia. “GTC was selected due to their understanding of our needs for the future and flexibility of…
“We have chosen @GlobalTrade for its remarkable flexibility and ease of use. Despite the complexity of this transaction and the multitude of banks involved, we have been able to considerably improve the transparency and efficiency of our L/G activities.”