China Systems held the position as exclusive technology sponsor at the ICC Banking Commission Meeting in Dubai, UAE held in March 2009. This was particularly important as despite the downturn in trade activity across the globe, China Systems are experiencing unprecedented demand for services and systems. The theme of the ICC Banking Commission Meeting of ‘Dubai 2009 – Crossroads for Trade and Technology’ was particularly appropriate to China Systems given it has been based in this dynamic trade hub for over 10 years.

 

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Stefan Tryggvason addresses the
ICC Banking Commission members
at the prestigious Dubai Chamber of
Commerce Auditorium

Stefan Tryggvason said ‘It is clear that Trade has once again taken centre stage in international banking and this phenomenon together with counterparties seeking security through traditional trade finance instruments has increased demand for the China Systems Product Portfolio’. The prestigious international event was held for the first time in the middle east marking the region’s growing importance as a financial centre.

China Systems Gets 4th Straight Win as Best Trade Finance Solutions Provider in GTR Magazine’s readers’ polls September 2009. World leading trade services solutions provider China Systems is Number 1 again, according to the results of Global Trade Review’s 2009 readers’ polls.

China Systems has won the Leading IT Provider of Trade Finance Solutions award from the prestigious magazine for fourth year running, having first topped its annual readers’ survey in 2006, the year that the category was introduced.

China Systems is the vendor of the Eximbills Trade Finance System.

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The China Sysyems International Trade
Specialist Scholarship for 2009 worth 2,000
euro was awarded to Ms Souzan Tarazi of
Dubai Bank – Congratulations Souzan!

Eximbills Trade Finance System earns SWIFTReady label for 2009
August 2009. China Systems, world’s premier trade services solutions provider, has been awarded once again the SWIFTReady Application label for Eximbills, its flagship trade finance back-office solution. This makes China
Systems one of the only two vendors in the industry this year to have achieved both the SWIFT Trade Finance and TSU labels.

Last February, China Systems became the first 2009 awardee of the prestigious SWIFTReady label for TSU.
SWIFT awards the SWIFTReady certification to partner vendors with third party applications that have met a specific set of rigidly defined criteria, indicating full conformity with SWIFT requirements. Added in this year’s technical and functional evaluation are the support for the new C2B MT798 envelope messages (i.e. the new SWIFT standard for corporate-to-bank and bank-to-corporate trade data exchanges) and BICPlusIBAN reference data support.
The SWIFTReady label status that Eximbills has attained over the years clearly indicates that China Systems’ trade finance solution is fully compliant with SWIFT standards, services, and applications in the management and straight-through processing of financial transactions, while providing clients with faster and more reliable integration with the SWIFT global financial community.