Global Trade Services Product

GTS is Cibar's innovative solution for all your trade finance needs.

GTS provides the same robust business features found in our highly successful Trade Service Processing System (TSPS). It is however, completely re-engineered using the latest windows technology available.

GTS has been designed and developed with the end user in mind. Data entry is flexible and straightforward with the Windows Graphical User Interface (GUI) which provides:

       * Immediate feedback on what has been entered, what is incomplete,
          what requires further attention, or what is ready to be approved.

       * A feature that only allows the entry of correct data choices by the
          TSR, thus preventing the TSR from even having a chance to input
         an incorrect value.

GTS consists of tailored drop down lists that are based on the type of transaction he/she is working on.

GTS is simplified for Trade Service Representatives because the information on customers, correspondent banks, participants, fees and rates, etc. are all automatically retrieved from the database.

GTS automatically tracks all events in the lifecycle of a letter of credit, bankers' acceptance, etc.

GTS continually provides the Trade Service Representative and his/her supervisor with a complete view of what work is currently in process from the point that it is received and entered in the mail room, until it is approved.

GTS automatically allows the Trade Service Representative to customize a transaction by requesting additional, non-required forms such as Special Instructions, Collateral, or Auto-Schedules while constantly giving them a visual verification of how their transaction is progressing and if any required data is missing.

GTS allows the bank to establish its fees by legal entity thereby providing for different fee schedules for different entities, or in-sourcing agreements with other banks.

GTS easily supports the definition of participation and syndication agreements.

       * The system will automatically produce all the participation
          accounting and fee tracking.

       * Automatically links the customer's payment of shared fees
          under a participated credit to the disbursement of the
          participants' shares to them by whatever means they
          have indicated.

       * If later on, the participation agreement changes, the TSR
          only needs to modify the agreement in the system and it
          will automatically re-adjust and re-post all the
          liability changes.

GTS works seamlessly with Cibar's desktop Customer Connection product, as well as our Web based, Internet Customer Connection, allowing us to provide a completely integrated system linking the customer and the bank.

The end result of all these technical and business features is a complete processing environment that supports trade finance transactions throughout the entire lifecycle with minimum effort on the part of the TSR, while allowing the bank to manage its risk, adapt products to new markets, and compete in the highly competitive, price sensitive trade finance marketplace.