“Leading bank heads, corporates, solution providers and others discussed the current situation after the credit crunch as well as appropriate solutions and latest trends in receivable finance”, says David Roberts, CEO of SCC. “Our company presented the cross-border opportunities in this field and the increasing trend of collaboration between regional and global banks, service providers and credit insurers alike” Furthermore, he explains: ”Our receivable finance solution was presented as a unique win-win approach for all participants engaging in the improvement of working capital for global manufacturers and their respective local distributors worldwide.”

"We are excited about our relationship with Harland Financial Solutions Worldwide to provide our clients with the leading platform for managing credit risk in an increasingly volatile trading environment," said Christian Lindemann, Director of Credit at SCC Swiss Commercial Capital. "Harland Financial Solutions Worldwide's market-proven application has full functionality for credit managers and financial analysts, providing accurate data on credit risk and rating of trade account debtors. Rigorous use of such tools combined with a sound credit policy can dramatically improve a company's ability to avoid bad debts."

SCC Swiss Commercial Capital, while providing CreditQuest as a stand-alone offering, has also built the product into its overall supply chain finance platform for the expedient management of cross-border credit risk. The increased transparency afforded by such tools allows SCC Swiss Commercial Capital to better manage credit exposures within the supply chains of major corporations around the world.

Recent market research indicates that a substantial number of all blue chip manufacturers are still using rudimentary, spreadsheet-based credit analysis tools. In the current economic environment, many of these companies are now searching for alternatives to better manage risk on an ongoing basis.

"SCC Swiss Commercial Capital was a natural fit for us as a partner," said Orren Peled, Vice President of Global Risk Solutions Research and Development at Harland Financial Solutions Worldwide, Ltd. "SCC Swiss Commercial Capital's managers have many years of experience working with our software and are uniquely positioned to articulate the value proposition to large corporations and banks looking for a more comprehensive credit risk management solution. It will also give SCC Swiss Commercial Capital more flexibility for customers seeking to finance receivables, as well as for companies looking to roll out an integrated enterprise level credit system in multiple geographies."


About Harland Financial Solutions Worldwide, Ltd.

Harland Financial Solutions Worldwide Limited is an indirect subsidiary of Harland Clarke Holdings Corp. providing credit risk management software and related services to banks and financial service providers around the world. Through its wholly-owned subsidiaries, Harland Clarke Corp., Harland Financial Solutions, Inc., and Scantron Corporation, Harland Clarke Holdings Corp. has been serving the financial services industry, among other industries, for more than 100 years. Thousands of financial institutions around the world trust the brands of Harland Clarke Holdings Corp. for quality solutions and customer-focused service dedicated to their needs.

Swiss Commercial Capital is an arranger and service provider for trade and distribution finance solutions which assist global manufacturers and regional distributors alike in reducing risk, increasing liquidity, driving sales growth and lowering costs along the supply chain. Swiss Commercial Capital is focussed on cross-border receivable finance through its flexible and technically advanced processing engine as well as state-of-the art web-based reporting systems.

PrimeRevenue, recently named Best Supply Chain Finance Company by Financial-i Magazine, provides a web-based Supply Chain Finance (SCF) platform that connects Buyers, Suppliers, and selected Financial Institutions in a collaborative approach to working capital management. The PrimeRevenue SCF platform helps companies reduce working capital, reduce supply chain risk and provide on-demand cash liquidity. The solution is offered in a software-as-a-service model to reduce costs and implementation timeframes.

“Swiss Commercial Capital helps corporations boost sales growth and streamline working capital by driving efficiencies and managing risk in to the distribution channel.” said CEO Joe Juliano, PrimeRevenue. “Their team brings vast experience in trade finance which will help our joint clients successfully deploy international supply chain finance programs and meet working capital objectives in today’s challenging business environment.”

“We teamed up with PrimeRevenue in order to provide a fully comprehensive end-to-end supply chain finance offering for global corporations, encompassing both payable and receivable oriented facilities” said CEO David Roberts, Swiss Commercial Capital. “PrimeRevenue is best of breed and a global solution, the company has a proven track record in this market and their collaborative approach fits our business model well.”

About PrimeRevenue, Inc.

PrimeRevenue's leading global Supply Chain Finance (SCF) platform and solutions enable dramatic new working capital efficiencies for the benefit of buyers and their suppliers. PrimeRevenue achieves this through the delivery of secure, robust, industry-leading Software as a Service (SaaS) technology, a global community of the world’s most innovative financial institutions and partners, and flexible working capital solutions and advice. Bank Technology News named PrimeRevenue as a “Top 20 innovation in the past 20 years” Companies are relying on SCF deployments powered by PrimeRevenue to optimize working capital, remove risk from their supply chain, and forge stronger trading partner relationships. Headquartered in Atlanta, Georgia, PrimeRevenue has offices and customers throughout the world. For more information visit www.primerevenue.com.

David Roberts, CEO said “SCC’s mission to compete on the global stage requires that we have a highly experienced Board of Directors at the helm. Reto Donatsch’s leadership and background in the financial sector will ensure that the appropriate structures and resources are in place to meet this challenge.”

Mr. Donatsch has over 30 years experience in the banking sector, most recently as the CEO and vice-Chairman of Bank Leu, Switzerland’s oldest bank, and as a member of the executive board of Credit Suisse Private Banking.

“I have been closely involved with Swiss Commercial Capital since its inception, as a member of the board of private equity firm Constellation, a shareholder in SCC, as well as a board member of SCC itself. This appointment reaffirms my strongly held view that SCC represents the future of cross-border distribution finance. I look forward to working closely with David and his team as we continue to execute on our goals as an organisation.” said Mr. Donatsch.

GXS, a leading provider of business-to-business (B2B) e-commerce solutions, and SCC Swiss Commercial Capital today announced details of a new strategic alliance to jointly accelerate the development of the rapidly growing supply chain finance market. The two companies plan to cooperate on a number of levels to deliver innovative solutions to manufacturers seeking to gain visibility into their financial supply chains.

GXS' knowledge as a leading provider of B2B e-commerce solutions combined with Swiss Commercial Capital's expertise in structuring and managing complex cross-border, supply chain finance implementations is a compelling combination for customers seeking to mitigate risks and lower costs while simultaneously boosting sales and moving safely into new markets. GXS Trading Grid(R), GXS' global integration services platform, will provide electronic integration of Swiss Commercial Capital's trade finance platform with enterprise resource planning (ERP) systems from major vendors and their customers to facilitate the exchange of purchase orders, invoices, transportation documents and cash flow data. By teaming with an expert in B2B integration, Swiss Commercial Capital will accelerate the availability of trade finance programs for major corporations and their distribution partners around the globe.

"In a challenging economic environment, businesses are looking for new and innovative ways to do more with less while still driving business growth without locking up capital assets," said Kai Keong Ng, CIO for Swiss Commercial Capital. "Our trade finance technology will leverage the power of GXS Trading Grid to provide end-to-end transparency along the financial supply chain. This means that we will be able to match information such as purchase order, invoice and shipment data together with cash flows, providing automated reconciliation information and data feeds in real time. This, of course, facilitates the provision of working capital financing which was previously unachievable due to lack of pertinent information."

Large, multinational investment-grade equipment manufacturers want to expand sales, particularly in the rapidly growing markets of Russia, the Middle East, Eastern Europe, Southeast Asia and Latin America. They want to find a way to both increase sales volume as well as control and minimize financial risk. Manufacturers rely on distributors to sell their products, but are unwilling to advance large amounts of credit or extend payment terms. As a result, insufficient credit limits and short payment terms mean restricted sales for the manufacturers and their distribution channels. Swiss Commercial Capital can bridge that gap with a fully integrated financing solution which provides credit risk coverage on receivables at date of issue as well as early payment to the manufacturer and extended terms to their respective buyers.

The GXS-Swiss Commercial Capital partnership provides an integrated route to removing inefficiencies within both the physical and financial supply chains. Investment-grade manufacturers can offer their clients extended payment terms enabling them to align their growing working capital requirement with actual cash flows.

"The supply chain finance offerings of financial institutions are typically limited to supplier-facing post-shipment financing. While these programs reduce cost and risk in the supply chain, they do not enable growth or market expansion," said Rob Minns, GXS director of strategic alliances for Europe, Middle East and Africa. "Swiss Commercial Capital's innovative customer-facing, accounts receivable financing will enable manufacturers to continue rapid expansion into growth markets without extending Days Sales Outstanding or credit risk."

Using GXS Trading Grid, financial institutions can gain visibility to open account transactions occurring in the supply chain. GXS Trading Grid is a global B2B integration-services platform linking major buyers and suppliers in the retail, automotive, high tech and industrial supply chains around the world. GXS Trading Grid integrates with corporate ERP systems such as those from SAP and Oracle to extract the purchase orders, transportation documents and commercial invoices necessary to support supply chain finance programs and transmits them to recipients around the globe.

With direct operations in 20 countries throughout the Americas, Europe and Asia-Pacific, GXS can provide client delivery support to connect corporations with their banking partners around the world, enabling them to optimize financial supply chain initiatives. Using GXS, financial institutions can exchange purchase orders, commercial invoices, payment instructions, account statements, procurement card transactions, letters of credit and post-export financing requests electronically. GXS supports a wide variety of B2B technologies including ISO 20022, BAI, SWIFT, ANSI X12, EDIFACT and SAP IDOC document standards. Additional information about GXS Solutions for Financial Institutions can be downloaded at http://www.gxs.com/industries/financialServices/.

About GXS

GXS is a leading global provider of B2B e-commerce solutions that simplify and enhance business process integration and collaboration among trading partners. Organizations worldwide, including more than 70 percent of the Fortune 500, leverage the on-demand services on GXS Trading Grid(R) to extend supply chain networks, optimize product launches, automate warehouse receiving, manage electronic payments and gain supply chain visibility. GXS Managed Services, GXS' B2B outsourcing solution, empowers customers with the expertise, technical infrastructure and program support to conduct B2B e-commerce with trading partners globally.

Based in Gaithersburg, Md., GXS has an extensive global network and has local offices in the Americas, Europe and Asia-Pacific regions. GXS can be found on the Web at www.gxs.com.

"This appointment is the result of a rigorous selection process to identify the right person to take the company forward" said Reto Donatsch, Member of the Board of Directors. "As Swiss Commercial Capital continues to evolve and meet the challenges in the dynamic and fast-moving sector of supply chain finance we sought a leader who had direct and extensive experience in the origination and structuring of complex trade finance transactions. David is without a doubt one of the most experienced people today in this sector. His leadership skills and vision will harness the considerable energy already present in the team and move the company to the next level."

Mr. Roberts, a KPMG-trained Chartered Accountant, has over 25 years of experience in banking and finance. He has held various senior commercial and risk positions with major global institutions, most notably as Managing Director of a NM Rothschild-owned asset finance company, Risk Director of Transamerica and more recently as a Vice President of GE Capital.

"Global corporations seek solutions to manage risk and grow sales in challenging markets" said Mr. Roberts. "Swiss Commercial Capital's clear strategic vision, cutting-edge technology and experienced global team allows us to continue to operate at the vanguard of next-generation supply chain finance. Our team understands the needs of the market, has a demonstrable ability and the desire to get the deal done."

In his new position on the executive team he will be overseeing the company’s Business- and Credit Services as well as being responsible for the operational aspects of IT-Services.

Focusing on global vendors seeking to drive value into their financial supply chains, Swiss Commercial Capital guides its clients with regard to credit control risk allowing them to move safely in to challenging markets while providing a competitive advantage through extended terms for buyers.

"We are delighted to have such an experienced individual joining our company” said Kai Keong Ng, Swiss Commercial Capital Chairman, "Having Phil on board takes our operational and risk management knowledge to a completely new level. Phil is the perfect fit and we believe that his experience is unmatched in the market which will further accelerate the company’s growth."

“The opportunity to return to working in the emerging and fast growing environment of Supply Chain Finance in combination with the experienced and highly motivated Swiss Commercial Capital management team was too good to miss ” said Phillip Underhill, new Chief Operating Officer of Swiss Commercial Capital.

Swiss Commercial Capital becomes the fourth European financial institution to license allFAC this year.

Established in 2007, Swiss Commercial Capital’s management team combines decades of financial experience in a variety of industrial sectors, technology and structured finance with a proven track record in the origination, structuring and execution of multi-billion dollar trade receivable financing programs.

Focusing on global vendors seeking to drive value into their financial supply chains, Swiss Commercial Capital guides its clients with regard to credit control risk allowing them to move safely in to challenging markets while providing a competitive advantage through extended terms for buyers.

"In our search for a suitable factoring module to interface with the receivable financing platform, we identified two key required elements; real-time information streaming and sophisticated credit management." said Oliver Belin, Swiss Commercial Capital CFO, "These elements are pivotal in today's trade receivable financing market as our clients look to generate significant bottom-line improvements, creating a competitive advantage for all layers within a financial supply chain. We aim to work closely with our clients to offer a platform that provides vast improvements in the way they operate their businesses and allows them to create long-term value for their customers."

"allFAC provides the advanced technology and the sophisticated business modules that Swiss Commercial Capital requires as part of their own operating platform. Once implemented, allFAC will allow Swiss Commercial Capital to compete with the established industry leaders and strengthen their existing customer relationships” said Surecomp’s Moshe Wolfson, Vice President Sales - Europe.

"I am delighted that we have been able to reach agreement with two such reputable investors as ZKB and Constellation" said Oliver Belin. "We have secured the funds required for our future and now our mission is to grow in to one of the world's leading players in the structuring and financing of cross border trade flows."

Swiss Commercial Capital's products provide credit risk mitigation and early payment for global manufacturers selling around the world with extended payment terms for their valued distribution partners. This provides much-needed working capital for distributors whilst allowing manufacturers to move safely in to challenging markets. Swiss Commercial Capital's software platform facilitates total transparency of all electronic document and cash flows to provide a seamless supply chain finance offering.

"I am excited by the prospect of being involved with the whole team at Swiss Commercial Capital", said Christian Speiser, former CFO of Swiss Re and now Chairman of Constellation. "Cross-border supply chain finance is one of the fastest growing areas in financial services and we believe that we have the right people, the right technology and the appropriate resources to deliver".

"We examine many companies every year for investment and select the most innovative and promising ones." said Erika Puyal of Zürcher Kantonalbank, one of the leading AAA-rated banks in Switzerland. "We were impressed by the quality and experience of the individuals, the scalability and potential market size of the offering and the increasing adoption of supply chain finance as a mainstream concept."

Constellation Switzerland Ltd. provides private equity, executive and consulting services for market expansion primarily in wireless, web-related and financial service industries. Constellation works with entrepreneurs and a select group of investors. www.constellation.ch

Zürcher Kantonalbank (ZKB) is the leading universal bank in the Zurich region. With total assets of CHF 103.2 billion, it is the largest of the cantonal banks and the third largest bank in Switzerland. ZKB offers a comprehensive range of financial services to clients, whether in the private, public or corporate sector. Both Standard & Poor's and Moody's give ZKB's bonds and medium-term notes a top rating of AAA. www.zkb.ch