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Generation of Negotiable Electronic Records
The Generation of Negotiable Documents - Concept
Buyer
Issuing / Negotiating Bank
Advising Bank
Negotiable Electronic Records
Letter of Credit
PDF
Seller
TABLE CONTENTS
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The generation of negotiable documents as electronic records instead of traditional paper begins with a Letter of Credit that allows for electronic presentation under the Supplement to the UCP for Electronic Presentation, Version 1 (eUCP).
If the Credit is issued under the eUCP, documents as electronic records may be presented for examination either to the advising bank or directly back to the issuing bank.
The most common format of electronic documents is Portable Document File, or PDF.  These electronic records are the responsibility of the beneficiary to generate, the same as traditional paper documents.