Toronto, Canada, April 18, 2017 – GlobalTrade Corporation (GTC) has announced today that Vestas Corporation has selected its technology for managing incoming and outgoing bank guarantees. Vestas has also selected SWIFT MT 798 messages as its preferred method for exchanging trade finance information with its banks.
‘Our ideas of creating an automated and centralized environment for issuance of bonds and receipt of guarantees will be put into reality by the customizable @Global Trade solution, said Vestas Head of Treasury Operations Per Hjorth Poulsen. GTC’s multi-bank trade finance platform, in synergy with our existing SWIFT connectivity, add to Vestas best in class global operations objective.’
‘We are happy that Vestas has chosen our @GlobalTrade Platform for management and digitization of its guarantee business, said GTC’s CTO Nick Pachnev. Vestas has run a very professional project making sure the entire scope of the project is defined from the business and IT side before signing the contract.’
‘This is really exciting to see another successful roll-out. We have reached a tipping point in MT 798 adoption as an efficient way of digitizing the corporates-bank flows and partners like GTC have played an important role in that,’ said Marc Delbaere, SWIFT’s Head of Corporates and Supply Chain.
Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install, and service wind turbines across the globe, and with close to 82 GW of wind turbines in 76 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 71 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,800 employees are bringing the world sustainable energy solutions to power a bright future.
GlobalTrade Corporation (GTC) is a software developer and application service provider whose product solutions improve the world of trade finance and trade services. The @GlobalTrade systems help buyers, sellers, traders, and financial institutions communicate faster and more efficiently while reducing risk and improving monitoring and control. Their customers include both business enterprises that need consolidated access to multiple banks as well as financial institutions that require supply chain finance solutions to meet their clients’ needs. @GlobalTrade™ is a registered trademark of GlobalTrade Corporation. For more information please visit www.globaltradecorp.com