Hannover Re, third-largest reinsurer in the world, has implemented @GlobalTrade Standby L/C Guarantee Issuance System for handling outgoing standby letters of credit (L/C) globally. The system has been installed in Hannover Home Office and integrated with internal data base systems.
“GTC’s product has convinced us by its completeness,” said Gerhard Lubitz, general manager collateral management, Hannover Re. “During installation phase and throughout the project customer service from GTC met our expectations at any time. Despite the fact that GTC is located in Canada and we are in Germany, we felt that they were always next door.”
On the second day of this year's AFP conference Trump's potential tax reform, using synthetic debt and the expected benefits of SWIFT GPI were all hotly discussed topics.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.