NEW YORK--(BUSINESS WIRE)--
This year, the Global Trade and Supply Chain Finance business at Bank of
America Merrill Lynch has received a number of awards from readers and
editors at key trade publications. The awards reflect the firm's
continued investment in building and innovating trade and supply chain
finance solutions for both large corporate and middle-market companies.
This month,Trade Finance magazine announced that BofA Merrill
was voted "Best Trade Finance Bank in the USA" in the publication's
Trade Finance Awards for Excellence 2014. This is the second
consecutive year that the bank has been ranked number one in the U.S.
In May, Global Finance magazine named BofA Merrill the Best Supply
Chain Finance Provider in North America.
FStech recently named Trade
Pro® the "Best Use of IT in Wholesale & Investment
Banking" as voted by a panel of eight industry leaders. This
recognition follows similar recognition from Banking Technology
magazine who voted Trade Pro as the "Best Use of IT in
Wholesale/Transaction Banking" in 2013.
In the 2013 Greenwich Best Brand Awards for Middle Market/Small
Business Banking,Greenwich Associates named BofAML "Best
Brand" in cash management and trade finance.
In its annual Leaders in Trade Awards,Global Trade Review
named BofA Merrill the "Best trade finance bank in North America" as
selected by the magazine's global and regional editorial boards.
Global Trade Reviewchose the $300 million export credit
agency-backed financing for Reliance Industries Limited, India, as one
of its Best Deals of 2013. BofA Merrill was one of the arrangers in
Trade & Forfaiting Review (TFR) ranked BofAML as a Bronze Winner for
the "Most Innovative Trade Bank" in 2013. This recognition came
alongside TFR highly commending the Yingli Green Energy Americas deal
for its complexity, one which involved numerous counterparties and a
unique credit payment structure for the renewable energy sector.
- Trade Finance magazine designated the supply chain finance program for
Avery Dennison as one of its Deals of the Year for 2013. The deal was
a complex, centralized vendor financing program that covered five
countries and six of the company's entities in Asia.
"We are very honored to receive these awards, which we believe reflect
our position as a trusted provider of critical importer and exporter
financing, not just to large multinationals and financial institutions,
but also to middle-market companies," said Bruce Proctor, head of Global
Trade and Supply Chain Finance. "We look forward to continuing to
provide our clients solutions that will help them achieve their
strategic growth goals, while also improving their working capital
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Source: Bank of America Merrill Lynch