Amsterdam Trade Bank signs on to CargoDocs
Amsterdam Trade Bank (ATB) has signed on to CargoDocs to streamline the creation, control and transfer of transport-related title documents – including electronic Bills of Lading – in a secure, web-based environment.
ATB will be using CargoDocs DocPrep+ to collaboratively create, review and approve paper and electronic documents, while utilizing the CargoDocs Document Exchange (DocEx) to electronically sign and legally transfer title documents, in turn facilitating enhanced financing services for its customers. The solution will be used initially for ATB’s Black Sea Soft Commodity financing, subsequently expanding to other markets across the globe.
ATB becomes the 36th bank to sign on to CargoDocs and the 4th Dutch banking group to adopt the solution.
About Amsterdam Trade Bank
Amsterdam Trade Bank (ATB) is a specialized institution focused on the entire spectrum of international Trade Finance (Grain, Metals & Oil), shipping and asset financing. ATB serves an existing client base active in all aspects of international trade, whether they are commodity traders, ship owners or otherwise involved in the global logistics chain.
Headquartered in Amsterdam, ATB has an asset financing company in Russia. The Dutch office is composed of a number of international banking professionals who previously enjoyed successful careers with larger financial institutions. ATB is part of the Alfa Group of companies, and a subsidiary of Alfa-Bank, Russia’s largest privately-owned Bank. This European bank belonging to a Russian parent is well positioned to serve traders and asset owners interested in financing international operations.
As a member of the Dutch banking community for 23 years, ATB is regulated by The Dutch Central Bank (DNB) and The Dutch Authority for Financial Markets (AFM).