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BAML Tame the Paper in Trade Transactions: Boost Working Capital with Paper-to-Electronic Technology

 

Executive Summary:

Despite talk of new, more automated trade instruments, paper-intensive letters of credit (L/C) transactions remain popular. But global exporters can achieve a number of benefits by using software and outsourcing services designed to streamline the preparation and delivery of trade documents associated with L/Cs. This paper examines how employing existing technology within the current infrastructure can help reduce costs and delays and positively impact working capital.

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