Global Tradewaves offers Collateralized Transactions

Natalia Wasilek

Global Tradewaves LTD, a Swiss regulated currency broker and a broker clearing member of Dubai Gold and Commodities Exchange is set to allow institutional clients to trade using gold, shares, letter of credit and bank guarantees as collateral on currency transactions.

First Published by e-Forex News: July, 2008

<h4>Natalia Wasilek</h4> Global Tradewaves LTD, a Swiss regulated currency broker and a broker clearing member of Dubai Gold and Commodities Exchange is set to allow institutional clients to trade using gold, shares, letter of credit and bank guarantees as collateral on currency transactions. These &quot;bank guarantee solutions&quot; will provide greater flexibility and efficiency to Global Tradewaves' institutional client base. This new policy is being instituted as part of Global Tradewaves' repositioning as a currency services provider for the institutional sector, with expanded product and services offerings for banks, money managers, mutual funds, trading companies and corporations, GTL product development. &nbsp;&ldquo;Our new facility will provide extensive cash flow relieve to institutional clients enabling them the flexibility to maximize their funds utility.&rdquo; says Natalia Wasilek head of product development at the company.