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Chicago & Silver Spring, Md. - June 12, 2001 - ABN AMRO and NextLinx Corporation, a leading global trade management solutions provider, today announced an agreement to integrate NextLinx's trade content engines and wizards for importers and exporters into ABN AMRO's Global Trade and Advisory web site and online products. These integrated tools will enable ABN AMRO customers to ensure they are not dealing with denied parties, to calculate landed costs for shipments, to identify required import and export licenses, and to expedite customs processing by verifying documentation.
"The continued emergence of the Internet and e-commerce provides a real opportunity to solve many of the inefficiencies inherent in cross-border trade - and ABN AMRO is committed to leading the development of these e-commerce solutions,'' said Kristen Fletcher, Managing Director of ABN AMRO's Global Trade and Advisory Group. "With the addition of trade content tools from NextLinx we can now offer superior value to importers and exporters by integrating regulatory trade content into our cross-border trade facilitation products."
"ABN AMRO and NextLinx create a powerful combination," added Rajiv Uppal, NextLinx's founder and CEO. ``Importers and exporters will receive unparalleled benefits through ABN AMRO's leadership in global trade risk management and financing, along with NextLinx's best-of-breed global trade e-commerce content and solutions development."
In addition to integrating NextLinx's trade content tools into its online products and web site, ABN AMRO has retained NextLinx to assist in the technical development and implementation of a next generation cross-border trade e-commerce solution. This initiative is part of ABN AMRO's overall effort to build global e-commerce solutions that greatly simplify the movement of goods and funds across borders, improving risk mitigation, and giving companies unprecedented control over their entire trade cycle.
About ABN AMRO
Amsterdam-based ABN AMRO (www.abnamro.com) is one of the world's largest banks with total assets of more than USD 500 billion and more than 3,500 locations in 70 countries and territories. Its activities are grouped into three Strategic Business Units: Wholesale Clients, which provides integrated corporate and investment banking services to corporate, financial institutions and public sector clients worldwide; Consumer & Commercial Clients, which focuses on retail and SME clients in a number of core markets; and Private Clients & Asset Management, which focuses on private banking and fund management clients globally. ABN AMRO's Global Trade and Advisory Group, part of its Global Transaction Services line of business within the Bank's Wholesale Clients Business Unit, is among the leading global trade businesses in the financial services industry.
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