ABN AMRO Announces Alliance with UPS Capital to Enhance International Trade Service
ABN AMRO North America Inc. and UPS Capital Global Trade Finance Corporation announced the formation of a strategic alliance that will provide enhanced trade services to clients of Global Trade Finance (GTF), an internationally focused subsidiary of UPS Capital Corp. Under this alliance, ABN AMRO Bank will provide back-office support for certain international trade transactions for GTF clients through a variety of channels, including the Internet. UPS Capital Global Trade Finance will work with ABN AMRO to develop back-end technology and trade services capabilities for companies doing business internationally. The alliance will enhance GTF’s customized import and export financial solutions by offering the creation, management and financing of letters of credit to ensure prompt payment for exported and imported goods. The services currently are available in Hong Kong, Taiwan, the U.K. and the U.S.