Deutsche Bank has launched a new web-based tool designed to improve and automate syndicated guarantee management. It is expected the application will help increase the efficiency of the bank’s trade finance activities.

The tool will be available to corporates, banks and agents 24 hours a day, seven days a week, allowing them to share relevant information on guarantee transactions and capture instructions.

The tool will be integrated into Deutsche’s most recent client access online service.

Jon Richman, global product head, trade and financial supply chain, global transaction banking, Deutsche Bank comments: “We are pleased to introduce these new syndicated guarantee management capabilities that further strengthen our support of international trade finance activities of our customers globally.

“This new functionality will bring together the interests of clients and participating relationship banks, securing smooth and reliable guarantee transactions.”