Trade finance specialist, Suisse Bank, has entered into what it describes as a landmark EUR 5million trade finance agreement with ING of the Netherlands.

London-based Suisse Bank will provide ING secure online services for letters of credit (L/Cs) and other trade finance instruments as well as a multi-million euro bank guarantee instrument.

Online platform

Suisse Bank claims that its agreement with ING provides evidence of its understanding of the needs of the global trade finance market.

The bank supplies a comprehensive range of trade finance instruments from its secure online platform with the aim of providing speedy adoption of guarantees, L/Cs, proofs of funds and warranties.

Security

Through its website, the bank says it is focused on facilitating quick data transformation while guaranteeing security, legal certainty and document originality.

"The considerable amount of financial institutions already linked to Suisse Bank proves that companies are demanding our technological skills in relation to speed of deployment of our various trade finance instruments," according to a Suisse Bank spokesperson.

Suisse Bank offers its services only to its shareholders and not to the general public.

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