This book comprehensively explores the revolution in the use of electronic negotiable instruments and negotiable documents through a thorough examination of the UNCITRAL Model Law on Electronic Transferable Records. The Model Law, a product of the United Nations Commission on International Trade Law, provides the most current and complete law for electronic negotiable instruments. To understand the short 19 articles and explanatory notes of the Model Law requires an extensive background not only in the current practices of digital trade, but also a thorough understanding of the substantive...