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July 2009

Deutsche Bank approves GSCF as vendor of services

Global Supply Chain Finance (GSCF), the leading provider of Distribution Financing and Supplier Financing solutions with customers in over 70 countries, is pleased to announce the signing of a Service Level Agreement with Deutsche Bank.

Deutsche Bank selected GSCF as its servicing platform based on GSCF’s experience, track record, company culture, organizational structure and time-zone coverage. “When assessing the Distribution Financing business we decided that the best way of capturing the present demand from the market is by supplementing our approach and aligning efforts with an experienced and reliable servicing platform. In this respect we are pleased to have come to an agreement with GSCF”, said Michael Spiegel, Head of Trade Finance and Corporate Cash Management in Deutsche Bank’s Global Transaction Banking division.

GSCF’s CEO Kendall Stevens commented: “We are excited about this cooperation with Deutsche Bank. The full integration of our systems will further enhance the automation of the programs’ processes for the benefit of all parties”.

To learn more about GSCF Group, please contact us.