HSBC completes first end-to-end paperless steel trade between UAE and India

HSBC completes first end-to-end paperless steel trade between UAE and India

A shipment of flat carbon steel to the UAE from India has become the first integrated paperless letter of credit (LC) and electronic documentary transaction for a steel export, according to HSBC, which financed the trade. The live trade finance transaction between the UAE's Universal Tubes and Plastic Industries, and India's Tata Steel, involved end-to-end ...

The post HSBC completes first end-to-end paperless steel trade between UAE and India appeared first on Global Trade Review (GTR).A shipment of flat carbon steel to the UAE from India has become the first integrated paperless letter of credit (LC) and electronic documentary transaction for a steel export, according to HSBC, which financed the trade. The live trade finance transaction between the UAE's Universal Tubes and Plastic Industries, and India's Tata Steel, involved end-to-end ...

The post HSBC completes first end-to-end paperless steel trade between UAE and India appeared first on Global Trade Review (GTR).