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Digitising Global Trade & Supply Chains – The Electronic Trade Documents Act (2023) and the Adoption of Digital Negotiable Instruments
When: June 6, 2024
Location: Association of Foreign Banks (AFB) Seminar, London
People: Simon Cook and Geoffrey Wynne

Sullivan & Worcester was pleased to partner with Arqit for a seminar for the AFB and its members on the recently enacted Electronic Trade Documents Act 2023 (ETDA) and the resulting opportunities for those involved in trade and trade finance to use Digital Negotiable Instruments (DNIs) in trade and supply chain finance.

Partners Simon Cook and Geoffrey Wynne presented an outline of the ETDA and its key legal principles. Dominic Broom, SVP Working Capital Technology at Arqit, addressed the practicalities of adopting DNIs and a range of use cases.

The seminar provided the framework, knowledge and direction to use DNIs within Trade Finance and Supply Chain Finance, and to assist member banks in creating a business architecture and technology blueprint to capitalise on the benefits of DNIs, whilst addressing compliance, risk, and operational requirements.