In recent years, many traditional areas of trade finance have undergone extensive optimization. However, a comprehensive and sustainable transformation of the entire process chain has not yet taken place. The Covid-19 pandemic, which caused significant disruptions to global supply chains, clearly demonstrated that broader digitalization of international trade instruments can lead to substantial cost and time savings, enhance security, and make manipulation more difficult — thereby increasing the resilience of global supply chains. A key prerequisite for this is greater standardization in the digital environment and harmonized regulations accepted by all parties involved.

This document outlines the responsibilities and challenges faced by Corporate Treasury in relation to foreign trade processing, provides a brief overview of current developments in digital transformation, and summarizes the associated challenges and opportunities. Finally, it presents the recommendation of the working group “Digitalization of Documentary Foreign Trade Processing.”

Die deutsche Fassung finden Sie unter diesem Link.

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