International Islamic Trade Finance Corporation SWIFT
Surecomp COR-TF corporate trade finance solution earns 2014 SWIFT certificationJul 31, 2014
Hamburg, Germany – Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today that COR-TF®, its multi-bank corporate trade finance solution, has been awarded the “SWIFT Certified Application for Corporates – Trade and Supply Chain Finance” label for a third consecutive year.
The SWIFT Certified program provides accreditation to companies that provide various SWIFT-related services and solutions to end customers. SWIFT checks compliance with relevant quality criteria and standards, and awards SWIFT Certified labels for qualifying applications and specialists. SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence.
“We are proud that SWIFT has once again certified our COR-TF solution, further strengthening our position as a leading provider of trade finance and supply chain finance solutions to corporations and banks, ” said Joel Koschitzky, Surecomp Chairman. “Recognized as the premium trade finance solution for multi-national corporations working with a large number of international banks, COR-TF empowers enterprises to automate their global trade operations, leading to accelerated transaction processing and lower operating costs.”
Re-disseminated by The Asian BankerCategories: Technology & Operations, Transaction Banking
Keywords: Surecomp, SWIFT
NBC, Metl Group ink 100bn/- loan for oil business — IPPmedia
In structuring this deal, Absa provided a Structured Trade Finance Facility, Barclays Bank Mauritius funded a Term Facility, whilst NBC has afforded an Overdraft Facility to Star Oils Tanzania Limited.
Financial Risks, Stability, and Globalization
eBooks (INTERNATIONAL MONETARY FUND)
Why trade finance is attractive to banks?
low risk,profitable,self liquidating and can cross sell