Toronto, Canada, July 22, 2020 – GlobalTrade Corporation (GTC) is pleased to announce that Jari Hänninen has joined GTC as a Head of Business Development & Client Relations, Nordics. Jari will oversee growth and expansion of company’s products and services in the Nordics and Baltics regions, client relations, support and education as well as strategic planning of regional initiatives.
News
PORR AG Selects @GlobalTrade™ for Digitization of Bank Guarantees & Surety Bonds
Toronto, Canada May 13, 2020 – GlobalTrade Corporation (GTC) has announced today that PORR AG (PORR), one of the largest construction companies in Austria, has selected its @GlobalTrade™ Multi-bank Trade Finance Platform for managing its bank guarantees and surety bonds. …
GlobalTrade Corporation Reorganizes for Growth
February 18, 2020 – Toronto, ON, Canada – GlobalTrade Corporation is pleased to announce that it is making management changes to accommodate its rapid growth and introduction of new products and services. Nick Pachnev former CTO has been appointed as interim CEO. Jacob Katsman former CEO will remain Director of the Corporation and will spend…
YARA Goes Live with GTC’s @GlobalTrade & SWIFT to Digitize Bank Guarantees
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.
Our Clients
Solutions
Standby LC / Guarantee Issuance
@GlobalTrade Standby LC/Guarantee Issuance (GTI) System supports the issuance of standby letters of credit, bank guarantees, corporate guarantees and surety bonds, in addition to allowing corporates to manage their credit facilities. The GTI system allows your team to manage the complete workflow of the guarantee issuance processes, including application, amendment, reduction and claims.
Standby LC / Guarantee receipt
@GlobalTrade Standby LC/Guarantee Receipt (GTR) System manages the complete process of handling incoming Standby LCs, Bank Guarantees, Corporate Guarantees and Surety Bonds. Corporates also benefit from the GTR system with real-time monitoring of total exposure to counterparties and banks, faster preparation of claims, and SWIFT or web-interface communication with banks.
LC Export
@GlobalTrade Export Documentary Credit (ELC) System allows corporates to receive documentary credits electronically from banks, prepare compliant documents, and share information across business units and logistics providers. The ELC system enables treasury to reduce discrepancies through the integrated document preparation module, and reduce DSO through direct presentation of documents to banks.
Export Documentary Collection
@GlobalTrade Export Documentary Collection system provides corporates with an easier way to submit documents to a bank under an export documentary collection. Prepare documents faster through standard electronic templates, present documents to directly to the bank, and have global visibility of outstanding collections across multiple banks.
LC Import
@GlobalTrade Import Documentary Credit System improves the efficiency of LC handling by simplifying import documentary credit application, amendment, drawing and payment reconciliation process. Corporates benefit from the reduction of errors by using templates and SWIFT standards, and permanent and transactional alerts linked to LC and transactional data.
Receivable Finance Management
@GlobalTrade Receivable Finance Module (RFM) allows a corporate to better manage its sale of receivables by bringing in all its customers, banks and business units under one umbrella. The system creates an electronic communication bridge under which the stakeholders can send / receive invoice discounting requests via SWIFT or specific XML formats. This significantly speeds up the financing and settlement process.
