Sullivan
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Geoffrey Wynne was quoted in the article, "King Signs Off the Electronic Trade Document Bill," which was published by Trade Finance Global.

Geoff said, “The Electronic Trade Documents Act is as brief and as clear as it is possible to envisage. It can now become a focal point in the UK, leading the way to the digitalisation of trade documents. Take-up should be straightforward, but may take time to be fully adopted by all parties.

"It will help to bring the trade and the trade finance industry up to date by speeding up trade transactions and removing the need for paper documents in many cases. It can also address transferability issues by permitting the legal concept of ‘possession’ to apply to an electronic document.

"This new law removes the physical barriers to the creation and exchange of the documents of trade and trade finance, and will, I have no doubt, deliver a significant uptick in the volume of trade that is financed, globally, in the coming years by both banks and non-bank financial institutions. It will also broaden out the appeal of trade finance assets as viable assets to finance.”