Hamburg, Germany – July 24, 2014 – 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.”
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,500 banking organizations, securities institutions and corporate customers in 215 countries and territories. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest. For additional information, visit www.swift.com.
COR-TF® is the premium solution for the management and handling of guarantees, letters of credit (L/Cs), and collections for corporations supported by multiple banks. Designed for corporations with a complex configuration, COR-TF provides customers with a single view of the volume and structure of their trade finance transactions, including import/export L/Cs, outward/inward collections, and bank/parent/group guarantees. Supporting all standard global electronic transmission channels such as SWIFT Standardized Corporate Environment (SCORE), Bolero and DTA, COR-TF facilitates streamlined communications between a corporation and its international banking network.
Surecomp is the leading global provider of trade finance solutions for banks and corporations. A market pioneer for over 25 years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of regional offices and six state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 80 countries. Surecomp's integrated portfolio of trade finance and supply chain finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.
Surecomp’s full-range of award-winning solutions will be showcased later this year at Sibos 2014, which is to be held in Boston at the Boston Convention & Exhibition Center from September 29 to October 2. Delegates to Sibos 2014 are invited to contact Surecomp and arrange a meeting.