18th Nov 2010 07:00
For immediate release 18 November 2010
Brady plc
("Brady")
New Contract Win
Brady plc (BRY.L), the global provider of trading, risk management and settlement solutions to the metals and commodities sectors, is pleased to a announce today that a leading bank in the Netherlands has signed a contract with Brady for a comprehensive, collateral management solution for the Commodity and Trade Finance operations of the bank.
The bank's Commodity and Trade Finance Division specialises in international transactions and corporate finance ("TCF") for a wide range of commodities, with each deal typically being self-contained and separately financed. The TCF division develops structured finance solutions and account managers monitor the situation closely to ensure action is taken within appropriate timeframes. Factors such as rapid payments and secure deliveries are essential to these transactions.
Gavin Lavelle, Brady CEO, commented: "This is another excellent banking sector win for Brady. We are delighted to welcome another new client and look forward to working with them. This new contract once again demonstrates Brady's ability to deliver scalable solutions across multiple commodity asset classes."
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director | Telephone: +44(0)1223 479479 |
Cenkos Securities Limited Ivonne Cantu / Alex Aylen
|
Telephone: +44 (0)20 7397 8900 |
Buchanan Communications Tim Thompson / James Strong | Telephone: +44 (0)20 7466 5000
|
About Brady
Brady plc (BRY.L) is a leading global provider of trading and risk management software to the global commodity markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for refined, unrefined metals, softs and energy. Brady has more than 20 years of expertise in the commodity markets with over 100 customers worldwide, including some of the largest financial institutions, producers and mining corporations that depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest miners, refiners and producers, trading companies, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members. For further information visit: www.bradyplc.com
Related Shares:
Brady