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Demographics And World Commerce

   
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Title: Demographics And World Commerce
 
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Subject: Miscellaneous
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Date: July 4, 2008
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Length: 6 / 1558
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Until recently, this process operated almost exclusively through original paper documents and signatures (with the only exception being the wire of the original LC) and could take 25 days. Today, it can happen almost exclusively electronically and the whole process time is reduced a most importantly, with no effect on the LCs main function of insurance and payment risk hedging...
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Today, it can happen almost exclusively electronically and the whole process time is reduced a most importantly, with no effect on the LCs main function of insurance and payment risk hedging. The final outcome of the current revolution is unpredictable, but its global impact on commerce will depend on how the revolution creates more efficient information dissemination opportunities...
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