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UNCITRAL Model Law on International Credit Transfers

  • Author: UN
  • Publication date: October 1999
  • Page count: 28
  • Language(s) in this book: English
  • Sales number: 99.V.11

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About the product

The UNCITRAL Model Law on International Credit Transfers was adopted in 1992. It offers the opportunity to unify the law of credit transfers by enacting a text that is drafted to facilitate the changes made in modern funds transfer techniques. The changes involved two elements: the increased use of payment orders sent by electronic means rather than on paper and the shift from the generalized use of debit transfers to the generalized use of credit transfers.