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BOC Macau Launches its new eLoan System

18 June 2010. The Macau branch of Bank of China (BOC), the largest trade finance bank in China and one of the largest trade finance banks in the world, has announced the launching of its new interest accruals solution, eLoan V2.0, from China Systems, the leading global trade finance solutions vendor in the industry. The implementation of eLoan Version 2.0 was one of the major projects of BOC Macau in its goal to optimize its trade finance operations and services.

BOC Macau has lauded the collaborative efforts of its own trade finance and IT experts and China Systems' efficient project team in the successful upgrade of their eLoan system to the latest version.

Since going live with eLoan Version 2.0, BOC Macau has achieved significant improvement in its processing throughput. BOC Macau's entire batch run has greatly improved thus resulting in higher quality and prompt services for its customers.

In October 2009, BOC went live with Eximbills Enterprise (EE), China Systems' flagship Java EE-based trade processing system.

BOC Macau is a long-standing customer of China Systems, being the first user of Eximbills on the AS/400 platform. It has now added a new milestone in this strong partnership as the first bank to have gone live on China Systems' eLoan V2.0 system.

About eLoan V2.0 System

The eLoan V2.0 System is a new generation interest accrual solution from China Systems. Designed using Java EE technology trends, the eLoan System runs on any Java EE server such as IBM's Websphere application server.

eLoan is an interest calculation and interest account management solution that can be integrated with a bank's back-end trade finance solution via IBM MQ. It supports both Trade and Supply Chain Financing transactions, handling processing of Takedown, Repayment, Extension, and Rate Change for loan-related transactions.

About Bank of China Macau

Bank of China Macau Branch ("BOC Macau"), is the largest banking and financial institution in terms of banking coverage and business scope in Macau. With 28 sub-branches and more than 1,000 employees, BOC Macau's mainstream banking services boast of one-third of the market share in Macau.

About China Systems

Servicing over 150 banks in more than 75 countries, China Systems has become a trusted name in the banking 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. Eximbills, its world-renowned back office trade finance flagship product, is an established global standard Trade Finance solution installed by many international banks.

China Systems has passed ISO90001 for implementation and has achieved CMMI3 accreditation for development services. These industry-standard certifications signal the company's high commitment to provide quality support service to its customers.