PBB OPENS NEW OFFICE IN BEIJING
Dresdner Bank AG in Germany has begun a pilot program to clear documents electronically using CCEWeb’s @GlobalTrade Secure Payment and Trade Management System.
The @GlobalTrade solution permits a documentary credit to be issued and advised over the Internet anywhere in the world, eliminating the need to pay cash in advance.
China Systems, a bank trade finance system vendor, has provided software and taken a 20-percent equity position in CCEWeb.