“Over the last 2 years we have worked closely with 15 corporates, sureties and banks to help make Guarantee Vault a reality. Our shared experiences, collaborative spirit and common vision are at the heart and soul of what Guarantee Vault is.
We proudly see this as a true market initiative, one that solves a wide spread common problem and brings efficiencies to all involved.”
“Running a paper based manual guarantee process has always been a challenge, even more so in this Covid-19 environment. We believe that digital guarantees are the solution, they increase transparency, create efficiencies and minimize risk.
The innovation that Guarantee Vault brings will benefit all parties including applicants, guarantors and beneficiaries”
“It has been a great experience working with both corporate and financial stakeholders on the digitization of guarantees.
Through Guarantee Vault we now have the possibility to offer all our customers the issuance, safe keeping and administration of digital guarantees in a secure and central place.
For the first time, the complete end-to-end digitization of the entire guarantee transaction is possible, from applicant and issuer right through to beneficiary.
We look forward to go-live and future developments.”
“Working closely on the Guarantee Vault project with other market participants has been a great experience. For many years the lack of transparency in the Guarantee process today has been an on-going problem for us.
Because of this, managing our portfolio of outstanding guarantees across all our banking and surety partners has been a significant challenge.
Through the added transparency it brings, Guarantee Vault gives us oversight at source which solves the problem.”
“Guarantee Vault’s digital guarantee solution enables a true end-to-end digitization of the guarantee life-cycle.
The solution allows us to expand our service offering to clients, helping them better manage their business, reduce costs, improve efficiency and reduce risk.
We are proud to be part of this true market initiative and look forward to the exciting journey ahead.”
“This is a first universal digital network that connects corporates with all types of guarantee issuers: banks, insurance companies and agents as well as export development and other government agencies. It also directly links corporates with each other, as applicants and beneficiaries.
The Guarantee Vault offering is based on open collaboration and transparent pricing. This approach facilitates acceptance by providers of trade finance IT solutions – one of the key elements for the wider market adoption.
We are pleased to offer seamless connectivity to the Guarantee Vault for all clients of the @GlobalTrade platform.”