XML for trade finance

[Jon Payne]

Trade Finance is a generic term, used for denoting the activity associated
with defining, controlling and settling the transfer of funds, usually on an
international basis, against the delivery of goods.
 
It tends to be extremely 'heavy' in terms of onerous and detailed
contractual/documentary requirements, which require review and update, at
each stage of potentially a long series of individual steps involved in
delivering goods against payment on an international basis.
 
There have been several attempts to standardise the documentation and
processes associated with trade finance, some of which I believe are still
ongoing, however I am currently unaware of any attempt to use XML as a
descriptive mechanism, hence the question....

-----Original Message-----
From: Jeremy Hadden [mailto:J.F.D.Hadden at lboro.ac.uk]
Sent: 29 October 1999 13:01
To: Jon Payne; xml-dev at ic.ac.uk
Subject: Re: XML for trade finance


What exactly do you mean by trade finance?
 

----- Original Message ----- 
From: Jon  <mailto:jon.payne at integral.com> Payne 
To: 'xml-dev at ic.ac.uk' <mailto:'xml-dev at ic.ac.uk'>  
Sent: 29 October 1999 12:46
Subject: XML for trade finance

Does anyone know of any initiatives using XML in the field of trade finance?

-------------------------------------------------------
Jon Payne tel +44-171-330-1132
INTEGRAL DEVELOPMENT CORP. fax +44-171-374-2370
http://www.integral.com <http://www.integral.com>  mobile +44-7973-393486


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