HSBC, in collaboration with First International Bank of Israel (FIBI), completed a Letter of Credit transaction on the WaveBL platform, demonstrating cross-bank electronic document presentation in real trade flows.
The documentation presentation was fully digital and completed in under 3 days instead of 21…
When the shipment time was changed from 25 days to 14, WaveBL could allow it with ZERO demurrage and storage fees.
