TextileSolutions has teamed up with Dun and Bradstreet to provide credit checks for companies trading on TextileSolution's global online textile exchange.

The partnership with Dun and Bradstreet, the leading provider of business to business decision-support services, represents "the next stage in TextileSolutions' mission to provide a single access point to a complete, end-to-end, global trading tool for textile companies," said Tommy Löwbäck, CEO of TextileSolutions.

To order a credit check, members click on the Dun and Bradstreet button on the TextileSolutions site and choose from a simple check through to an extended credit report, including details of payment schemes, all at 30-40 per cent less than the usual cost. TextileSolutions members are charged for the credit checks they request on their regular, consolidated invoice from TextileSolutions.

Mr Löwbäck said: "This partnership enables us to offer peace of mind by providing data that allows companies to make a well-informed decision about whether to trade with another business for the first time. It is simple, cost effective, fully integrated into our system and we are very pleased to be working with the best possible company to provide this service to our members."

Richard Dey, senior vice president of new business development at Dun and Bradstreet said: "No matter how you trade with a company you still need to be sure you are not taking unnecessary risks. Dun and Bradstreet, like TextileSolutions is established globally and we have the expertise and resources to deal with the lack of transparency in the textiles industry. Historically you couldn't always be sure that the credit check you received was on the right company; we have eliminated that problem and all companies have a D&B identity number. We are very much looking forward to a successful partnership with TextileSolutions."

TextileSolutions will also use Dun and Bradstreet's services to check prospective members before signing them up to the site. The service is now available to TextileSolutions members.

Established in Sweden in 1999, TextileSolutions is s $30m online trading project. The company provides a web-based textile marketplace as well as an integrated order management system for the industry.
TextileSolutions is based in Gothenburg, Sweden, and has local offices in 11 countries in Europe, Asia and the United States. For more information, visit the company website at www.textilesolutions.com.

Dun and Bradstreet
Dun & Bradstreet, a company of The Dun & Bradstreet Corporation (NYSE: DNB), is the world's leading provider of business-to-business credit, marketing and purchasing information and receivables management services. The Dun & Bradstreet Corporation also includes Moody's Investors Service, the leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets. The Dun & Bradstreet Corporation, based in Murray Hill, N.J., employs approximately 11,500 people in 37 countries with majority-owned company entities, and generated 1999 revenue of $1.97 billion. Additional information about Dun & Bradstreet is available at www.dnb.com.