Hamburg, Germany – June 8, 2015 – 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 – Trade and Supply Chain Finance for Corporates” label for the fourth consecutive year.
The SWIFT Certified Application program certifies selected third-party applications to ensure that they meet well-defined requirements related to SWIFT standards, messaging and connectivity. Reevaluated each year to ensure alignment with evolving customer needs, certification requirements validate the ability of a product or application to provide automation in a SWIFT environment. 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 pleased that SWIFT has certified – for the fourth year running – our COR-TF solution, which is ideal for large corporations working with numerous international banks,” said Joel Koschitzky, Surecomp Chairman. “Since the beginning of the year, COR-TF has been licensed by a number of savvy corporations interested in bringing their global trade operations to the next level. These contract wins, coupled with renewed SWIFT accreditation, confirm that we are on the right path, and that CORT-TF provides real value to corporations engaged in trade finance.”
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,800 banking organizations, securities institutions and corporate customers in over 200 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 more 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.