ABN Amro North America Inc and UPS Capital Global Trade Finance Corp (GTF) have announced a strategic alliance. The American arm of ABN Amro Bank NV will provide back-office support for some international trade transactions of GTF through a variety of channels, including the internet. Financial terms of the agreement were not disclosed.

The partners will together work to develop back-end technology and trade-services capabilities for companies doing business internationally, according to a joint statement. The alliance aims to enhance GTF's ability to customise import and export financial services by offering the creation, management and financing of letters of credit to ensure prompt payment for exported and imported goods.

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