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Alcatel-Lucent uses Surecomp platform for repository for trade finance products and to manage bonds

Alcatel-Lucent implemented Surecomp's COR-TF multi-bank corporate trade finance platform, in December 2011, to:

  • automated communications to all their banks
  • set up a repository for all their trade finance products and guarantees
  • obtain real-time status updates of their portfolio to improve their tracking of exposures and credit lines, and to enhance their reporting capabilities.

Alcatel-Lucent are now considering implementing COR-TF's line of credit (L/C) administration.

The management of trade finance and guarantees will become a bigger problem as companies will have to use an increasing of sources of finance. Some form of the multi-bank corporate trade finance platform will become essential to keep tabs on it all.

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