US EditionMercore and Lloyds take digital bill push to secondary market
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Mercore and Lloyds take digital bill push to secondary market
Lloyds and non-bank trade finance provider Mercore say they have carried out what is believed to be the first secondary market transactions using digital bills of exchange. Bills of exchange have been used for centuries in trade finance but digitisation proponents are trying to give the financing instruments a new lease of life in an electronic format. In the transaction, Mercore’s client, a South American sugar exporter, drew on a digital b…
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