First China fully-electronic LC complete; critics question potential

BHP Billiton has executed the first fully electronic document presentation under a letter of credit into China, but critics remain skeptical over the chances of wider adoption.

By Dan Bland

Jan 14, 2013

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Australian mining giant BHP Billiton has used an all-electronic letter of credit (LC) to make a payment outside of China through a Bolero platform on January 7.

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