Ericsson chooses GTC trade finance platform

GlobalTrade Corporation (GTC) has announced that Ericsson AB (Ericsson) www.ericsson.com has selected its @GlobalTrade Multi-bank Trade Finance Platform for managing bank guarantees, documentary credits and documentary collections, the company said.

Ericsson has also selected to use SWIFT MT 798 messages for standardization and automation of its communication with all its financial institutions.

Ericsson provides high performing solutions for Networks, IT & Cloud, and Media. The company provides infrastructure, services and software to the telecom industry and other sectors. Ericsson has approximately 110,000 employees with customers in more than 180 countries with headquarters in Stockholm, Sweden. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.

SWIFT is a global member-owned cooperative and the world´s provider of secure financial messaging services. It provides a platform for messaging and standards for communicating, and offers products and services to facilitate access and integration, identification, analysis and regulatory compliance. SWIFT messaging platform, products and services connect more than 11,000 banking and securities organizations, market infrastructures and corporate customers in more than 200 countries and territories.

GlobalTrade Corporation (GTC) is a software developer and application service provider whose product solutions improve the world of trade finance and trade services. The @GlobalTradeâ„¢ systems help buyers, sellers, traders, and financial institutions communicate faster and more efficiently while reducing risk and improving monitoring and control. Our 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. @GlobalTradeâ„¢ is a registered trademark of GlobalTrade Corporation. For more information visit www.globaltradecorp.com