PORT LOUIS, MAURITIUS – EQS Newswire – 9 July 2021 – The Mauritius Commercial Bank Ltd (MCB) (www.MCB.mu) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base structures as well.
The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year.
Michael Cohen Dumani, MITECH’s CEO commented that “ …
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