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.

About Eximbills

China Systems' Eximbills is the industry standard trade finance back-office system that automates the full range of trade finance activities from document preparation, calculation of commissions, foreign exchange to accounting, generation of SWIFT messages as well as management reporting.

Eximbills can be tailored to adapt to changing real-world requirements in any business or regulatory environment without the need for programming modifications.

About China Systems

Servicing over 150 banks in more than 75 countries, China Systems has become a trusted name in the industry with a loyal and growing customer base. Established in 1983, it has grown to be the largest trade finance system vendor in the world, with offices in Europe, USA, Asia, and the Middle East.