A global corporation that claims to be a very large issuer of letters of credit (L/Cs) has announced the appointment of new bankers on the basis that they provide excellent service levels and technologies for international trade financing.

Computer Technology Link Corporation (CTL) says it has established a new banking relationship with Washington Mutual Bank. It will serve as CTL's primary corporate bank for domestic and international financial transactions including L/Cs, lines of credit and wire transfers.

Explanation

The corporation is apparently very keen to explain the rationale behind its choice of banker:

"As one of the largest issuers of international L/Cs in the Pacific Northwest, it's important for CTL to have a banking partner that is a leader in the market not only from a financial perspective, but also in terms of service and technology," CTL's Corporate Controller, John Stromquist said in a statement.

"CTL chose Washington Mutual because of their superior financial position and their ability to provide a level of service that will help CTL continue to grow to new levels," he explained.

Global reach

With offices throughout North America and Asia, Oregon-based CTL's various facilities manufacture, market and distribute CTL branded laptops, personal computers, monitors and servers.

Washington Mutual has around 2,700 offices across the US where it is the largest savings institution and the seventh largest banking company.

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