Bangkok--17 Sep--Siam Commercial Bank Siam Commercial Bank, in collaboration with SCT Co., Ltd. have launched a “Trade Super High way” to facilitate international trade transactions via electronic channels. The “Trade Super Highway” is the first ‘host to host’ electronic banking service in Thailand and features an effective ERP (Enterprise Resource Planning) system. This innovative service opens a new chapter in banking services, reiterating SCB’s leading position in international trade banking products. Describing the new service, Mr. Charamporn Jotikasthira, Siam Commercial Bank Senior Executive Vice President, notes that, “Currently, the Bank plays an important role in completely supporting both importers and exporters, and we are recognized as the bank with the best in innovative services, especially in the area of electronic banking channels. In designing our system, the Bank took into account convenience and accuracy as priorities”. “The joint SCT and SCB “Trade Super Highway” project was initiated using the ERP system (Enterprise Resource Planning) for L/C opening on a host to host basis, in a bid to develop electronic banking services enhancing the efficiency of business operations and competitiveness. This method directly connects customers with Bank systems. Customers will enjoy increased accuracy and speed, as this new process effectively shortens the transaction process. The Bank has invested in a new system and selected SAP-XI application for this project, as SAP is highly recognized for its system development capability. Therefore, we can ensure our customers that the service will meet and even exceed internationally accepted standards.” “SCB has established a clear strategy of becoming the Bank of Choice for international trade products and services. The Bank has therefore introduced a variety of innovative products and convenient service channels to meet customer demands. Its leapfrog growth of 30% in 2008 has clearly demonstrated its strength in terms of business volume. The Bank aims to be the leading bank for international trade and will attempt to expand its customer base in the mid-size market, which has a high potential for strong growth in this field.” “In the past year, the Bank has developed its financial products and services catering to diverse customer segments in line with its policy of becoming Thailand’s Premier Universal Bank.” Mr. Kalin Sarasin, SCT Managing Director added that “ SCT highly pays attention to the technology development and network system improvement to provide better services for our customers. We have adopted a variety of technologies to improve working capabilities eg; SAP system that allows SCT employees across the world to access to the single system, speeding up service with end-to-end process, IT system for our recycling business which connect information from material import to finished goods distribution, and RFID technology to enhance our logistics system.The company has also invested in network infrastructure to connect its system to suppliers and business partners including the Customs Department, Thai Chamber of Commerce, maritime sectors and banks. Once this system is complete, SCT will be a single portal for importers and exporters which allow them to track the working processes in the single system The Trade Super Highway, host-to-host connection, is another innovative technology which will help speed up working processes, make them more effective and decrease errors. We are confident this system will enhance the efficiency of our services and support the business expansion of SCT in Asia, Europe, Africa and America.” SCT Co.,Ltd, a subsidiary in SCG Distributions business, is the leading global trading company in Asia which has more than 30 networks in 19 countries. It provides comprehensive services (One Stop Service) including shipping, forwarding, customs procedures management, warehousing and product distribution. SCT is the regional product distributor and sourcing center that supply customers with products sourced from raw material resources and production bases around the world. With its vision of being “The Most Trusted Business Partner”, SCT is a good friend of its business partner. It offers fair and consistent services and also intends to consistently offer value-added services to business partners. For more information please contact: Wattanee Somchit (A) Manager, Press Relationship, Corporate Communications Office Siam Commercial Bank PCL. Tel : (0) 2544-4502 / (0)2544-4501-3 Fax : (0) 2937-7454