Global Trade Finance Limited (GTF)
Global Trade Finance Limited (GTF) is the only provider of international factoring, domestic factoring and forfaiting services under one roof in India. GTF has established itself as a market leader in international factoring providing value added services to its clients.
GTF is headquartered in Mumbai with four representative offices - one each in New Delhi, Bangalore, Chennai and Hyderabad. GTF aims to be the premier export and import solution provider in India offering professional quality services on an e-commerce platform.
GTF commenced its operations in September 2001, as a joint venture between WestLB, Germany (40%), Export-Import Bank of India (35%) and International Finance Corporation, Washington (25%), which is the private sector arm of the World Bank. Effective December 24, 2004, GTF's shareholding is now 40% with Export-Import Bank of India, 38.5% with FIM Bank, Malta, 12.5% with IFC, Washington and 9% with Bank of Maharashtra. GTF is managed by a independent Board having 7 Directors. It has received the necessary licences and Authorized Dealer status from RBI for conducting export and import factoring and forfaiting business and foreign currency operations in India.
GTF is a member of Factors Chain International, a global association of international factoring companies Established in 1968, FCI has played a major role in bringing factoring into most countries and today has a membership of 211 factoring companies operating in 61 countries.
GTF also has arrangements with credit insurers over the world for providing credit protection.
International trade, on the basis of LC's is gradually becoming extinct. "Open Account" and "Extended Credit" is becoming a pre-requisite for increasing sales volume in global market. GTF helps this need with its export factoring product that provides credit assessment, credit protection, financing, and collection services to exporters for regular sales on open account terms.
GTF uses a high end customized IT platform to process and deliver its services with short turn around time in approval of facilities. GTF is the only factoring company in India to offer online web access to its clients for accessing their accounts. GTF's "Client Access" module is custom made to suit its business profile and caters to client requirements.
For more detailshttp://www.gtfindia.com
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