Update at a Glance

December 10, 2008

Trade Finance Product Suite Manages Complete Supply Chain Process

The Bank of New York Mellon Treasury Services has launched Global Trade Finance Solutions, a comprehensive, modular suite of supply chain process management products. For organizations looking to streamline their global trade operations, the new product suite provides an online platform that offers complete, end-to-end management of transactional details, processing issues and critical information along each step of the supply chain process.

Operating via the Web-based portal called Trade Workstation, Global Trade Finance Solutions integrates all of the essential functionalities of both letter of credit and open account transactions into a single online platform. Users can process and manage the full scope of their global trade finance transactions electronically from any Internet location on a 24/7 basis.

Specific Global Trade Finance Solutions functionalities include:

• purchase order transmission and initiation;
• document review using scanned images of all underlying trade documentation;
• full purchase order/invoice data matching capabilities;
• transaction communication and online approval;
• funds transfer in settlement of these transactions;
• payables discounting; and
• trade reporting.

"Technological leadership is key to our commitment to outperform for our trade finance customers, and this new offering reflects the high level of investment we continue to make in this important area," said Howard Bascom, head of Global Trade Finance Services.

With locations in 34 countries on six continents and a network of more than 2,000 correspondent financial institutions, The Bank of New York Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies.

For more information on the Global Trade Finance Solutions suite of products, call us at 1 800 424-3004 (option 2) or e-mail us at treasury@bnymellon.com .