Shaping the future of trade services


Products and Services

@GlobalTrade Systems

link_arrow Import Documentary Credit
link_arrow
link_arrow Standby LC/Guarantee Issuance
link_arrow Standby LC/Guarantee Receipt
link_arrow Import Documentary Collection
link_arrow Export Documentary Collection
link_arrow Supply Chain Finance
link_arrow SWIFT To DTAEA Converter
link_arrow
link_arrow
link_arrow Dynamic Message Converter
link_arrow Ucon
link_arrow MT798 Testing Services

 

Case Studies

link_arrow Automotive producer
link_arrow Airbus
link_arrow Siemens

 

@GlobalTrade Platform has been awarded with the SWIFTReady for Corporates Trade & Supply Chain Finance label

swift for corp

 

Standby LC/Guarantee Issuance System

@GlobalTrade Standby LC/Guarantee Issuance (LG) System allows corporates to improve management of Standby LC/Guarantees across all their business units and banks, and simplifies the allocation and monitoring of credit facilities. The system provides a structured approval process based on user-configured authorization levels. Treasury is able to offer business units the flexibility of electronic application while controlling the selection of the issuing banks. Authorized banks can access the system to receive authenticated instructions to issue a new LG or amend an existing LG and communicate with the corporate on reductions and any other matters concerning the transaction. Alternately, communication can be done via SWIFT or email

Benefits for corporates

  • Real-time monitoring of bank, country, project, and counter-party exposure
  • Lower bank fees due to use of larger facilities shared by several business units within the group
  • Instant visibility into the company’s global Standby LC/Guarantee database
  • Ability to quickly react to changing market conditions due to electronic access to information
  • Quicker access to information due to on-line availability of applications, issued guarantees, amendments, reductions, and underlying contract documentation
  • Reduced operational and financial risk

Benefits of SWIFT Interface

  • @GlobalTrade Standby LC/Guarantee Issuance System can connect the corporate treasury and all business units to multiple banks through the SWIFT network. @GT SWIFT Connector submits LG applications directly to the issuing bank using SWIFT MT798 Messages. The system can also receive confirmations of LG issuances and reduction information from SWIFT
  • Connectivity costs are low due to sharing of the SWIFT channel with other treasury areas: payments, securities, FX, E&I, bank accounts, and additional trade finance messages (Import and Export Documentary Credits)
  • Enables true straight-through processing of LG data from application to LG issuance, confirmation to reduction and closure of LG transactions

Standby LC/Guarantee Issuance

Request Airbus Case Study


When are Guarantees Issued?

Bonds and guarantees are a commitment by a bank to make payment, providing the terms of the bond or guarantee are met. If a customer fails to pay, the opposing party will receive financial compensation from the issuing bank. In some parts of the world, including the USA, standby letters of credit are legally required in place of bonds and guarantees. Standby letters of credit can be issued in order to cover contractual obligations.
http://www.rbs.co.uk/