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Press Release

BillerudKorsnäs Selects GTC's @GlobalTrade Export Documentary Credit System to Manage its Global LC Flows

Toronto, Canada, January 12, 2015 – GlobalTrade Corporation (GTC) has announced today that BillerudKorsnäs, a world-leading manufacturer of strong primary fibre-based packaging material has selected @GlobalTrade’s Multi-bank Trade Finance technology for managing its global export documentary credit operations.

'BillerudKorsnäs will be using our Multibankportal SaaS solution, which will be connected to their SWIFT Alliance Lite 2 said GTC’s CEO, Jacob Katsman. We are proud that BillerudKorsnäs has chosen GTC as its vendor after a 6 month evaluation.'

'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,' said, Lars Björkman, Customer Service Specialist, BillerudKorsnäs AB.

About BillerudKorsnäs

BillerudKorsnäs is a world-leading manufacturer of strong primary fibre-based packaging material, working with over 1500 customers in over 100 countries. Its business model consists of three key components: World-class Materials, Solution Services and an extensive Global Network. For more information please visit http://www.billerudkorsnas.com/

About GTC

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

Media Contact
GlobalTrade Corporation
Marina Heimitz
Tel: +1 416 661 8520
info@globaltradecorp.com
www.globaltradecorp.com