WACHOVIA, CCEWEB TO LAUNCH @GLOBALTRADE

WACHOVIA, CCEWEB TO LAUNCH @GLOBALTRADE    Wachovia Corp. and CCEWeb Corp. will work together on the pilot of @GlobalTrade Secure Payment and Trade Management System.
   Under the agreement, Wachovia will participate as a credit-issuing bank. CCEWeb will provide technology, software and legal framework for handling electronic documentary credits including presentation of electronic documents.
   The companies said “@GlobalTrade will make it possible for a documentary credit to be issued and advised over the Internet from anywhere in the world; eliminates the need to pay cash in advance for purchases: eliminates delays caused by discrepancies in paper-based processing: and allows tracking of the entire transaction process online in real time.”