Trade finance. (Technology Tools).

LTP Trade plc, a global provider of e-sourcing solutions for companies seeking to source funding/risk cover for trade finance, has launched its new trade finance e-sourcing application, LTP Trade Edge. This new Web-based application enables companies and financial institutions seeking trade finance to source it efficiently with their chosen trade finance suppliers.

Currently, nearly 170 branches of banks and other financial institutions are signed up and trained to provide trade finance using LTP Trade Edge. These suppliers bid competitively to provide trade finance, ensuring that users of LTP Trade Edge achieve the best possible terms while maintaining enduring relationships with the banks and financial institutions through the transparency of the bidding process.

The product is now available in a basic configuration, where standard-format trade finance instruments can be offered. LTP provides additional products and services that enable clients to increase the flexibility of their use of LTP Trade Edge, including: offering more complex or specific trade finance instruments, as well as advice on how best to structure those instruments. The company also provides information products to support clients' particular transactions, process reengineering advice on changing trade finance processes both within finance functions and in the wider organisation, and access to pricing information.

Web: www.ltptrade.com