Regulatory Alerts2026-07-01
Added · Updated
FEPD-1 Circular No. 15: Pilot framework for digital processing of trade documents under documentary collections and letters of credit
Bangladesh Bank introduces a pilot framework allowing Authorized Dealers to digitally process trade documents for export and import transactions under documentary collections and letters of credit through approved trade corridors. The framework mandates core principles such as interoperability, technology neutrality, and legal functional equivalence for Electronic Transferable Records while requiring secure, encrypted transmission and independent verification mechanisms. Participants must obtain prior concurrence from the central bank for specific trade corridors and ensure that sales contracts and credit instructions explicitly permit the electronic issuance and acceptance of these documents.
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