Germany’s outdated system for handling negotiable instruments – crucial documents used in Trade Finance has become a significant obstacle.
While German companies are pushing ahead with digitalization, the legal infrastructure for so-called traditional papers used in international trade is still rooted in the paper age. Silja Calac, Head of Private Debt Mobilization for SCF and Doc Trade at Banco Santander and board member of the International Trade and Forfaiting Association (ITFA), and Melih Esmer, legal scholar at EBS University and specialized in electronic negotiable instruments, talk about the multiple benefits of digital negotiable instruments with a special focus on digital trade bills.
