Helaba opts for TLM Trade Finance

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02 February 2010

Germany’s Helaba Group has selected TLM Trade Finance to automate its letters of credit and guarantees business.

German financial services firm Helaba Group has selected SmartStream Technologies’ TLM Trade Finance to automate its letters of credit and guarantees business processes.

Frankfurt-based Helaba is one of Germany’s leading Landesbanks, with total assets of Eu185 billion and serving approximately five million customers. The bank operates as a centralised organisation, supplying a range of products and services to savings and commercial banks across the Hesse and Thuringia regions.

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Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%

33%

50% to 75%

30%

25% to 50%

25% or less

10%

I don’t use private credit insurers

18%