News

News Categories

• ICC releases updated versions of eUCP and eURC

  03/07/2023
  The ICC has released the text of the eURC version 1...

• ICC Releases Technical Advisory Briefing No. 5

  07/12/2022
  Here is a link to the latest in the series of Technical Briefing documents issued by the ICC: https://files-eu-prod...

• ICC Releases Technical Advisory Briefing No. 4

  27/09/2022
  Further to previous postings providing access to the ICC Trade Briefing Papers 1-3, Briefing Paper 4 has now been released by the ICC and can be accessed here Briefing Paper 4 is on the subject of ‘Documents presented by a nominated bank or confirming bank under UCP 600 and lost in transit...

• ICC re-release ICC Guidelines for the Creation of BPO customer agreements

  07/09/2022
  The ICC has recently re-issued a document first released in August 2015 titled “ICC Guidelines for the creation of BPO customer agreements”...

• ICC, DCSA, BIMCO, FIATA and SWIFT launch the Future International Trade Alliance and signed a memorandum of understanding to standardise digitalisation of international trade.

  17/02/2022
  ICC, DCSA, BIMCO, FIATA and SWIFT have launched the Future International Trade Alliance and signed a memorandum of understanding to standardise digitalisation of international trade...

• ICC Releases Technical Advisory Briefing No. 1

  02/02/2022
  For many years, the ICC Banking Commission has issued official opinions, DOCDEX decisions, and decisions and guidance papers on a range of topics...

• ICC issues a positioning paper for Standards for Sustainable Trade & Sustainable Trade Finance as a roadmap and vision for industry, policymakers and traders worldwide

  10/11/2021
  While a number of related standards for sustainable goods and services and financial products exist, none are readily adapted to robustly define and demarcate sustainable trade...

• ICC release new rules – Uniform Rules for Digital Trade Transactions (URDTT)

  01/10/2021
  Text of the rules can be obtained here for free...

• ACCESS TO FREE TRAINING MODULES UNTIL THE END OF MAY 2021 !

  07/05/2021
  Yes, www...

• WTO, TFG and ICC release publication 'Accelerating trade digitalization to support MSME financing'

  04/05/2021
  On 30 March 2021, the World Trade Organization (WTO), Trade Finance Global (TFG) and the International Chamber of Commerce (ICC) launched their latest publication ‘Accelerating trade digitalization to support MSME financing’...

• ICC releases a User's Guide to the eUCP

  11/02/2021
  In July 2019, the ICC Banking Commission released electronic supplements to the existing Uniform Rules for Collections (URC 522) and Uniform Customs and Practice for Documentary Credits (UCP 600) rules, namely eURC Version 1...

• CDCS Examination April 2021

  18/01/2021
  The CDCS examination will be held on 16 & 17 April 2021, depending on your location...

• ICC releases the 2020 Global Survey on Trade Finance incorporating an assessment of the impact of COVID-19

  21/07/2020
  The International Chamber of Commerce’s (ICC) 11th annual Global Survey on Trade Finance reveals that banks are optimistic about the evolving nature of trade finance, though unsurprisingly expect various industry-wide challenges and disruption as a result of the COVID-19 pandemic...

• ICC issues addendum to the 2014 Guidance Paper on the use of Sanction clauses in trade finance-related instruments subject to ICC rules

  08/05/2020
  The ICC has noted a resurgence in the use of sanctions clauses in documentary credits and in demand guarantees, particularly in the form of non-specific clauses that create uncertainty...

• ICC release 2019 Trade Finance Register Report

  06/05/2020
  The ICC has today released their latest Trade Register report...

• Two new papers issued by ICC

  01/05/2020
  When drafting ISBP 745 (International Standard Banking Practice for the Examination of Documents under UCP 600), it was recognised that a more methodical approach to the drafting of credits and/or amendments would act as a positive factor in avoiding many of the problems that can arise when examining documents...

• ICC releases Guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules

  07/04/2020
  Responding to the urgent need to address the disruptions facing the trade finance market as the world grapples with the novel coronavirus (COVID-19) pandemic, the International Chamber of Commerce (ICC) has today provided holistic guidance to the market, governments and regulators through the publication of this paper...

• Only electronic air waybills to be accepted soon in Oman

  10/03/2020
  Muscat: In order to facilitate and develop customs services, the Royal Oman Police (ROP) announced the start of the electronic air Waybill (e-policy) system...

• Launching of ICC Digital Trade Standards Initiative (ICC DSI)

  06/03/2020
  The ICC has announced the launch of the ICC Digital Trade Standards Initiative (ICC DSI), a collaborative cross-industry effort to enable the standardisation of digital trade...

• Global Supply Chain Finance Forum releases Payables Finance factsheet

  13/02/2020
  The Global Supply Chain Finance Forum (GSCFF) consisting of representatives from BAFT, ABE-EBA (Euro Banking Association), FCI (formerly known as Factors Chain International), ICC and ITFA (International Trade and Forfaiting Association) have released a factsheet which explains the rationale behind supply chain finance techniques and why it is a tool that should be developed by the trade finance community...

• ICC issues supplement to the Commentary on eUCP Version 2.0 and eURC Version 1.0.

  18/11/2019
  The eUCP 2...

• ICC releases version 1.0 of their digital trade roadmap

  18/11/2019
  ICC launched version 1...

• Registration for 2020 examinations

  03/10/2019
  CDCS (Certificate for Documentary Credit Specialists) and CSDG (Certificate for Specialists in Demand Guarantees) Registration is now open for the April 2020 examinations (to be held on 17 or 18 April depending on your location) and closes on 31 January 2020...

• eUCP Version 2.0 and eURC Version 1.0 available for download

  25/06/2019
  The ICC has now made available the above supplements to UCP and URC...

• The Global Supply Chain Finance Forum (GSCFF) issues new guidance document -Market Practices in Supply Chain Finance: Receivables Discounting Technique

  25/06/2019
  The Global Supply Chain Finance Forum (GSCFF) has released a new guidance document, ‘Market Practices in Supply Chain Finance: Receivables Discounting Technique’...

• ICC Financial Crime Risk & Policy Group issue 2 Policy Statements

  11/06/2019
  The ICC has recently issued 2 Policy Statements from the Financial Crime Risk & Policy Group...

• ICC releases 2018 Trade Register Report

  11/06/2019
  The International Chamber of Commerce (ICC) Banking Commission has released its 2018 Trade Register report – again highlighting the low risk nature of trade finance in comparison to other asset classes...

• ICC issue paper regarding the roll-out and commercialisation of ICC digital rules

  28/05/2019
  On 6 June 2017, the ICC Banking Commission provided a press release announcing the launch of a Working Group to anticipate and accompany the digitalisation of trade finance...

• Registration is now open for the October 2019 CDCS examination

  25/04/2019
  Registration for the October 2019 exam is open, applications and payment must be received by LIBF on or before 31 July 2019...

• wolfsberg group, icc and baft issue amendment to trade finance principles guidance document

  01/04/2019
  On 24 January 2017, the ICC Banking Commission, the Wolfsberg Group, and the Bankers Association for Finance and Trade (BAFT) jointly released The Wolfsberg Group, ICC and BAFT Trade Finance Principles...

• SWIFT Postpones Category 7 Changes (SR 2019) to 2020

  23/02/2019
  Changes to SWIFT Category 7 messages for guarantees and standby letters of credit that had been scheduled to take effect in November 2019 have been deferred to November 2020...

• The legal status of electronic bills of lading – an ICC / Clyde & Co Survey

  19/10/2018
  The International Chamber of Commerce Banking Commission, on the recommendation of its Legal Committee, appointed Clyde & Co LLP to conduct a survey on the legal status of eB/Ls, whether in the form of an electronic record or in paper format when converted from an electronic record...

• ICC Banking Commission signs partnership with Global Credit Data to boost scope of Trade Register

  10/10/2018
  The ICC Banking Commission has announced a long-term agreement with Global Credit Data (GCD), an association owned by banks and home to the world’s largest database of bank defaults, to strengthen analysis within the market-leading ICC Trade Register...

• ICC releases latest Trade Finance Survey

  25/05/2018
  The 2018 Survey, titled “Global Trade – Securing Future Growth” is now available via the ICC’s website and the following link https://iccwbo...

• Privacy Policy updated

  17/05/2018
  Our Privacy Policy has been updated...

• ICC announces the revision of the Uniform Rules for Bank Payment Obligations (URBPO)

  10/04/2018
  ICC Banking Commission Digitalisation of Trade Finance Working Group: Approved EXCO mandate for revision of URBPO  As discussed in the Banking Commission Executive Committee call of 7 March 2018...

• ICC releases 2017 ICC Trade Register Report

  08/02/2018
  The ICC state that the 2017 report, based on 2008-2016 data, draws on information from 22 member banks to present a global view of the credit risk profiles of trade and export finance transactions...

• CDCS & CITF Registrations for April 2018 Examinations

  29/01/2018
  REMEMBER - the application and payment for sitting the April 2018 CDCS or CITF examination must be received by LIBF no later than 31 January 2018...

• Offer ends 31 December 2017

  13/11/2017
  To celebrate the start of our 5th year of operation, we have grouped together a number of our most popular training modules and are making them available at 75% of the standard price...

• 5th year of operation and Training Modules

  06/10/2017
  To celebrate the start of our 5th year of operation, we have grouped together a number of our most popular training modules and are making them available at 75% of the standard price...

• Nordea Insights on ICC Trade Survey

  17/08/2017
  Very useful insights to the recent ICC Global Survey including comments from Dave Meynell...

• UN Commission on International Trade Law

  09/08/2017
  The United Nations Commission on International Trade Law (UNCITRAL) adopted the UNCITRAL Model Law on Electronic Transferable Records (the "MLETR") on 13 July at its fiftieth session in Vienna...

• The International Chamber of Commerce (ICC) Banking Commission has released its 2017 report entitled Rethinking Trade and Finance.

  04/07/2017
  Global Survey on Trade Finance ...

• ICC releases its decision on a revision of UCP 600

  15/06/2017
  At the ICC Banking Commission meeting held in Jakarta in April 2017, it was decided that there was no current justification for a revision of the UCP 600...

• ICC launches new Digitisation Working Group

  14/06/2017
  The ICC has launched a new working group to look at digitisation issues with regard to trade finance and existing ICC rules...

• New training modules released - Islamic Banking and Trade Finance

  22/03/2017
  We are pleased to announce the release of our latest set of modules...

• Maersk tracks cargo on blockchain

  08/03/2017
  The Danish shipping giant Maersk has revealed the completion of its first live blockchain trial, aimed at simplifying the way in which it sends trillions of dollars worth of products around the world...

• Standby Letters of Credit and the Fraud Exception

  24/02/2017
  In two appeals on the validity of demands under standby letters of credit (SBLCs) and the application of the fraud exception, the Court of Appeal has ruled in each case that:    the beneficiaries were entitled to demand payment under the SBLCs; they had not acted fraudulently in issuing the demands; and there was no basis for restraining the relevant banks from paying against the demands...

• Wolfsberg Group, ICC and BAFT issue trade finance principles guidance document

  25/01/2017
  On 24 January 2017, the ICC Banking Commission, the Wolfsberg Group, and the Bankers Association for Finance and Trade (BAFT) jointly released The Wolfsberg Group, ICC and BAFT Trade Finance Principles...

• New Training module added

  23/01/2017
  A new module that focusses on the different types of fraud that are seen in international trade has been added to our suite of products...

• CDCS, CITF and CSDG registrations close soon!

  13/01/2017
  Registrations for the April 2017 CDCS, CITF and CSDG examinations close on 31 January 2017...

• ICC releases latest Trade Registry Report

  16/12/2016
  The 8th version of the Trade Registry Report has now been released by the ICC...

• Bangladesh import volumes continue to rise

  16/12/2016
  In the ICC Global Trade Survey 2016, it was reported that in 2015 Bangladesh had seen the highest growth in MT700's sent (Issue of a Documentary Credit) at 12...

• LIBF issue new guidelines for re-certification for CDCS and/or CSDG

  04/11/2016
  The London Institute of Banking & Finance (formerly IFS University College) has recently issued a new recertification process guide for those holding the CDCS® and/or CSDG® certification...

• New training module and assessment added

  29/10/2016
  A new module covering the topic of factoring has been added to our already extensive suite of on-line training modules...

• ICC policy primer on the Internet of Everything

  18/10/2016
  A new paper by the International Chamber of Commerce (ICC) on the Internet of everything brings to light how new technology can be leveraged by developing countries to address fundamental sustainable development issues and needs...

• ICC releases its latest trade finance survey

  07/10/2016
  The ICC today issued its latest Global Trade Finance survey based on 2015 data...

• ICC Banking Commission Executive Committee announces insufficient justification for a UCP revision at this time

  06/10/2016
  The ICC today announced that in view of the fact that UCP 600 has been effective since 2007, the Executive Committee of the ICC Banking Commission recently undertook a review of current practice in order to determine whether or not a revision would be justified...

• CITF / CDCS

  02/10/2016
  A recent student survey by The London Institute of Banking & Finance (formerly known as ifs) contained the following highlights: - 88% of students said that the Certificate in International Trade and Finance (CITF®) was beneficial to the organisation they work for...

• ICC Report: How and why to rethink data flow restrictions

  29/09/2016
  Taking part in discussions on the latest developments in world trade at the World Trade Organization's Public Forum in Geneva this week, the International Chamber of Commerce (ICC) has signalled increasing business concern regarding countries that impose restrictions on cross-border data flows without considering the impact on their respective economies and small- and medium-sized enterprises (SMEs) that make up 95% of enterprises globally...

• WTO World Trade Report 2016

  28/09/2016
  The 2016 World Trade Report examines the participation of small and medium-sized enterprises (SMEs) in international trade, how the international trade landscape is changing for SMEs, and what the multilateral trading system does and can do to encourage more widespread and inclusive SME participation in global markets...

• Hanjin Shipping Line files for Bankruptcy protection

  02/09/2016
  Some vessels seized by authorities and creditors, with others refused entry to ports unload after South Korean company loses the support of banks The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tonnes of goods being carried by the South Korean company will reach shelves...

• CDCS & CITF registration dates closing soon

  12/07/2016
  The closing date for registering for the CDCS or CITF examinations, that are to be held on 14 and 15 October (not 7 and 8 October as previously announced by IFS), closes on 1 August...

• ICC Banking Commission Legal Committee releases paper on mitigating risks in Inventory Finance.

  13/06/2016
  The ICC Banking Commission Legal Committee has released a paper on mitigating risks in Inventory Finance...

• Trade Finance and SMEs, a new WTO report

  10/06/2016
  A new World Trade Organization (WTO) report examines the urgent need to address the trade finance gap for small- and medium-sized enterprises (SMEs)...

• ICC Strict Compliance paper

  31/05/2016
  The issue of 'strict compliance' has continually surfaced with respect to the examination of documents presented under documentary credits...

• SWIFT & Opus Advisory information paper: Digital Trade and Trade Financing

  30/05/2016
  Alexander R...

• SWIFT and Accenture issue position paper outlining the path to Distributed Ledger Technology adoption within financial services

  22/04/2016
  SWIFT, in collaboration with Accenture, has issued a paper investigating how Distributed Ledger Technologies (DLTs) could be used in financial services...

• TXF release Commodity Finance Report for 2015

  15/04/2016
  TXF magazine has issued its annual Commodity Finance Report...

• ICC releases "Standard Definitions for Techniques of Supply Chain Finance".

  09/03/2016
  The Standard Definitions for Techniques of Supply Chain Finance are the result of a collaborative, inclusive and consensus-based joint initiative of the International Chamber of Commerce (ICC) Banking Commission as project facilitator, BAFT, the Euro Banking Association (EBA), Factors Chain International (FCI) and the International Trade and Forfaiting Association (ITFA)...

• USA to ratify UN Convention on Independent Guarantees and Standby Letters of Credit?

  13/02/2016
  In a message to the US Senate, the office of the President of the United States has recommended that the USA ratify the UN Convention on Independent Guarantees and Standby Letters of Credit...

• CDCS Examination 8 April (9 April for those in China, Hong Kong, Indonesia and South Korea)

  09/02/2016
  Are you planning on sitting the CDCS examination this April? Still concerned about some aspects of documentary credit handling? Want to receive some additional training and take a multiple-choice assessment to gauge your learning to date? If you answer ‘yes' to these questions, then look no further than our on-line training modules that take you through the subject matter covered by each of the 25 chapters of the syllabus book ‘Guide to Documentary Credits, 5th Edition'...

• SWIFT's KYC Registry surpasses 2,000 financial institutions

  22/01/2016
  More than 2,000 financial institutions have signed up for The Know Your Customer (KYC) Registry, SWIFT's centralised repository which maintains a standardised set of information about financial institutions required for KYC compliance...

• ICC Trade Registry

  17/12/2015
  The International Chamber of Commerce (ICC) Banking Commission has released its 2015 Trade Register - illustrating the favourable risk profile of trade finance...

• ISP98 not to be revised

  14/12/2015
  As reported at the Institute of International Banking Law & Practice (IIBLP) Standby & Guarantee Forum, the ISP98 rules will not be revised, but efforts are underway to revise the ISP98 Official Commentary...

• SWIFT's KYC Registry gains momentum amongst Latin America's banks

  14/12/2015
  New York, 9 December 2015 - Since its launch in December 2014, The KYC Registry has been adopted by more than 100 financial institutions in Latin America to complement existing compliance programs...

• Federal Board of Revenue, Pakistan, to launch online verification of LCs to curb under-invoicing

  22/11/2015
  The Federal Board of Revenue (FBR) is all set to launch a mechanism for the online verification of letters of credit (LCs) with the banks to curb money-laundering and under-invoicing, official sources said on Friday...

• Blog functionality

  23/10/2015
  As a complement to our Trade Information section, we have now added a new 'Blog' tab in our menu bar...

• TXF (Trade & Export Finance) releases its latest chronicle highlighting the main stories, data trends and market opinions in the last 6 months

  01/10/2015
  The document below provides over 100 pages of the biggest stories, data trends and market opinions from the trade, export and commodity finance industries over the past six months...

• ICC releases its 2015 Global Trade Finance survey

  01/10/2015
  The ICC has released its 2015 Rethinking Trade & Finance survey report...

• Digitisation of trade

  19/09/2015
  It has been apparent for a number of years that digitisation of information is the key to the future world of trade, and that learning to utilise this development will enhance the opportunities for banks to assist their clients along the entire supply chain...

• Possible sanctions lifting to increase opportunities for trade finance with Iran.

  10/09/2015
  In a report in Gulf News: It is stated that increased trade and investment could boost growth in Iran's banking sector and support asset quality of domestic banks, although such improvements would depend on the strengthening of banks' capital levels and the implementation of structural reforms, credit rating agency Moody's said on 9 September...

• Indonesia to relax the requirement for letters of credit to cover oil and gas exports

  10/09/2015
  Reuters report: It was stated that Indonesia will remove a requirement for oil and gas exporters to be paid through letters of credit with Indonesian banks in a bid to support exports, Energy Minister Sudirman Said told a reporter on Thursday (10 September)...

• Latest BPO Market Adoption Information

  07/09/2015
  The file below contains the latest data with regard to BPO adoption...

• August 2015 - now available - ICC Guidelines for the Creation of BPO Customer Agreements

  25/08/2015
  Following a request from a number of banks, the ICC Banking Commission and SWIFT agreed to create a working group for the drafting of guidelines to assist banks in the creation of customer contracts or agreements for use with their BPO related services or products...

• ICC Banking Commission withdraws Opinions TA814rev and TA820rev

  17/08/2015
  The ICC Banking Commission has indicated, based on feedback received, that the final versions of Opinions TA...

• New Training Module Added

  10/08/2015
  An extensive module providing an introduction to international trade finance has been added to our suite of modules...

• ICC Banking Commission submission on BCBS revisions to the standardised approach to credit risk proposal

  29/07/2015
  Earlier this year, the ICC Banking Commission, through its Trade Register Working Group, was invited to respond to proposals published by the Basel Committee on Banking Supervision (BCBS) entitled 'Revisions to the standardised approach (RSA) for credit risk and capital floors: The design of a framework based on standardised approaches...

• Factors Chain International (FCI) and International Factors Group (IFG) announce potential union

  21/07/2015
  The boards of Factors Chain International (FCI) and International Factors Group (IFG) have put forward a proposal to set up a union between the two organisations...

• Warehouse financing

  26/06/2015
  As mentioned in our Supply Chain Financing module under ‘Warehouse financing’, events in China have highlighted the potential for problems with this type of financing if it is not closely monitored or controlled...

• Summary of Opinions approved at ICC meeting held in Singapore (April 2015) now added to Members Trade Information page

  11/06/2015
  A document providing a summary of the Opinions approved by the ICC Banking Commission at its 22-23 April meeting is now available for review in the 'Members Trade Information' page...

• WTO issues its World Trade Report 2014

  15/05/2015
  The World Trade Organisation (WTO) has issued its World Trade Report 2014 providing, amongst others, information on recent trends in trade...

• TXF magazine release commodity finance report for 2014

  13/05/2015
  TXF magazine have issued their first commodity finance report covering deal data collected from across the market in 2014...

• Proposed imposition of withholding tax on letters of credit in Pakistan

  12/05/2015
  The Business Recorder (Karachi) contains the following article dated 12 May 2015: Quote The State Bank of Pakistan (SBP) has expressed concern over the proposed imposition of withholding tax on Letters of Credit (LCs) and further taxes on products and services offered by banks to their customers, in the upcoming budget (2015-16)...

• ICC Banking Commission meeting Singapore

  07/05/2015
  A number of the session presentations are now available...

• Bank Payment Obligation (BPO) using electronic documents

  28/04/2015
  To date, BPO transactions have been completed based on the submission of data extracted from paper documents...

• Latest BPO Market Adoption Information

  27/04/2015
  SWIFT have today released their latest update with details of the banks and corporates that have indicated their readiness to transact using a bank payment obligation as the chosen trade finance solution...

• SWIFT release details of first European multi-bank BPO transaction

  26/02/2015
  SWIFT today released a powerpoint presentation providing details of the first European multi-bank BPO transaction that occurred in 2014 and which won the TFR deal of the year for 2014...

• ICC release updated Opinion handling process

  28/01/2015
  ICC has released an updated document relating to the process to be followed when requesting an ICC Opinion...

• ADB Trade Finance report

  17/12/2014
  In 2013, ADB, in cooperation with partner organizations, surveyed financial service providers and companies involved in international trade about their use of trade finance...

• ICC announces adoption of new DOCDEX rules

  11/11/2014
  At the ICC Banking Commission meeting held in Istanbul on 5 and 6 November, the national committees of the ICC unanimously agreed to the final draft of the revision of the DOCDEX rules...

• BPO FAQ's updated

  03/11/2014
  The ICCBPO Education Group has released updated versions of BPO FAQ's link ...

• TXF issue Sibos Special Report

  02/10/2014
  To coincide with SWIFT's Sibos event that is being held in Boston this week, Trade & Export Finance has produced a special report on Trade & Supply Chain Finance...

• SWIFT release latest BPO market data

  27/08/2014
  SWIFT have released a presentation that provides the latest information regarding corporates and banks that have indicated their willingness to undertake BPO transactions...

• Asian Development Bank to add RMB and INR currencies to its Trade Finance Programme

  08/08/2014
  The Asian Development Bank (ADB) has indicated that it will add the Chinese Renminbi (RMB) and the Indian Rupee (INR) currencies to its Trade Finance Programme (TFP) before the end of the year...

• SWIFT release latest BPO market data

  23/07/2014
  SWIFT have released the latest BPO data identifying the live banks and corporates, together with volume information including numbers of TSU transactions (monthly) and TSMT live messages (monthly)...

• CIMB Bank and China CITIC Bank announce new BPO transaction

  13/07/2014
  CIMB Bank has announced that it became the first Malaysian bank to complete a BPO transaction...

• Official release of ICC Global Survey 2014 report

  02/07/2014
  This 2014 edition comprises data from 298 banks in 127 countries with an expanded look at trade finance gaps; regional studies for South America and Eastern Europe; global value chains and new trade facilitation initiatives; availability of trade finance and the tangible effect of various regulations around the world...

• Banking Environment Initiative (BEI) issues paper related to sustainability standards with agricultural commodities

  20/06/2014
  The Chief Executives of the world's biggest buyers of agricultural commodities have, through the Consumer Goods Forum, made public commitments to transforming supply chain practices such that by 2020, their palm oil, soy, pulp and paper, and beef supply chains will be helping to achieve zero net deforestation...

• ICC releases its 2014 Trade Register Summary Report that continues to provide empirical evidence that, in all forms, trade and export finance is a low risk bank financing technique

  19/06/2014
  The report demonstrates the low risk nature of both short term and medium to long term trade finance...

• ICC issues updated version of its guidance notes regarding use of sanction clauses

  12/06/2014
  The ICC today issued an updated version of its guidance paper (first issued in 2010) regarding the use of sanction clauses in trade finance instruments such as documentary credits, standby letters of credit and guarantees...

• BP Petrochemicals agrees first European centric Bank Payment Obligation

  06/06/2014
  BP Petrochemicals has completed the first European centric Bank Payment Obligation subject to the URBPO rules...

• Berne Union issues its 2014 report on the occasion of its 80th Birthday

  21/05/2014
  The Berne Union 2014 report, known as BU80, has some 23 feature articles by prominent people from the agencies, private insurance and export finance sector...

• ICC Banking Commission Dubai, 27-30 April 2014

  09/05/2014
  The ICC held its bi-annual meeting in Dubai under the banner ‘Gateway to sustainable trade and Development’...

• ICC Banking Commission issues its annual review for 2013

  21/04/2014
  The ICC Banking Commission annual review for 2013 can be downloaded at: www...

• SWIFT release latest data regarding market adoption of the BPO

  18/04/2014
  SWIFT have released the latest data concerning bank adoption of the BPO, together with an update of the live transactions...