CHINA SYSTEMS EARNS SWIFTREADY GOLD LABEL FOR 2005

April 2005. China Systems Corporation, the leading provider of trade finance solutions, has recently been awarded the "SWIFT Ready Gold" label by S.W.I.F.T. for 2005. As the highest accreditation given, the Gold label demonstrates Eximbills being fully compliant with S.W.I.F.T. standards, services, and applications in the management and straight-through processing (STP) of financial transactions while providing clients with faster and more reliable integration with the S.W.I.F.T. global network.

The S.W.I.F.T. labeling certification is based on a tightly defined set of detailed criteria. As the highest level of achievement, the "Gold" label rewards applications for full compliance, including the implementation of the new S.W.I.F.T. standards and services.

China Systems' Eximbills is the industry standard trade finance back office system. It automates the full range of trade finance activities from document preparation, calculation of commissions, and foreign exchange to accounting, generation of S.W.I.F.T. messages and management reporting. Eximbills is the only trade finance system that can be tailored to adapt to changing real-world requirements in any business or regulatory environment without the need for programming modifications.

S.W.I.F.T. helps its customers reduce costs, improve automation and manage risk. In addition to its member banks live on the network, S.W.I.F.T. users include sub-members and participants such as brokers, investment managers, securities deposit and clearing organisations, and stock exchanges.

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