Continuing its journey towards being a digital bank, Standard Chartered Malaysia has successfully completed its first fully-digitised export transaction, more than halving turnaround time for its client by providing simpler, faster and better trade services. Standard Chartered Malaysia, acting as the exporter bank, worked with Vale and platform provider eSSDocs to handle and accept electronic bills of lading, as well as other documents received over the eSSDocs platform under the Letter of Credit it had advised. The transaction covered the sale of iron ore to a client of Vale International SA.
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