deutsche-wins-trade-mandate-in-pakistan

Deutsche wins trade mandate in Pakistan

Deutsche Bank will implement an electronic trade solution for Pepsi in Pakistan, as the country records rising trade flows.
Deutsche Bank has won a mandate from US food and beverage company PepsiCo to implement its electronic trade solution in Pakistan.

The solution is part of Deutsche BankÆs global electronic banking platform, db-direct Internet. It enables companies to receive export letters of credit LCs and create the corresponding documents accordingly.

ôAs PepsiCoÆs trade volumes in Pakistan grew rapidly, we were seeking to streamline our trade documentation process,ö says Sartoretti Stefano, chief financial officer for South Asia, Middle East and Africa at PepsiCo. ôThe solution processes all our trade documents electronically within less than 24 hours upon receipt of the respective letters of credit. This has resulted in reduced payment cycles, which goes...
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