Dhaka, Jan. 7 -- The central bank has allowed electronic presentation and processing of export documents under Documentary Collection arrangements, aiming to align export procedures with ongoing digitalisation initiatives.

Under the move, authorised dealer (AD) banks can process export documents through secure bank-to-bank electronic channels for both Documents against Payment (DP) and Documents against Acceptance (DA), in line with the Uniform Rules for Collections (URC 522) and its Supplement for Electronic Presentation (eURC), subject to compliance with the prescribed guidelines.

To this effect, the central bank issued a notification on Tuesday.

According to officials, electronic processing will be allowed based on mutual agreement ...