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(MLETR) Model Law on Electronic Transferable Records to bring business momentum for a digital big bang
Posted on November 3, 2021 |
MLETR facilitates the secure exchange of original documents using Swift, adhering fully to eUCP600 and eUC522 guidelines.
The shift to digital documents streamlines trade finance procedures, reducing bureaucracy, cutting costs, expediting transactions, and boosting overall profitability for businesses, financial institutions, and stakeholders.
Multiple nations, such as Bahrain, Singapore, and Abu Dhabi Global Market, have embraced MLETR within ICC4 governance to promote its adoption.
MLETR's implementation enhances operational efficiency, minimizes delays, and strengthens the global trade finance ecosystem.