Articles by Month
Position Papers vs Guidance Papers
It is interesting to
recall that back in September 1994, the ICC Banking Commission noted, pursuant
to the release of UCP 500, that various banks had been applying unilateral and
incorrect interpretations to certain of its articles...
Update on developing e-compliance in ICC rules: Minimum Standards
As mentioned in a
recent blog, the e-Rules Drafting Group commenced a fresh re-drafting process
of eUCP & eURC, culminating in a 3rd draft of the rules being
sent to ICC National Committees in July 2018, with a deadline of 28 September
2018 to respond...
Status update: URBPO
Re-cap on the scope
of the revision:
Revision of the URBPO
to include the roles and responsibilities of buyers and suppliers, addressing a
current deficiency in the URBPO today...
Status update: eUCP & eURC
On 6 June 2017, the
ICC Banking Commission launched a Working Group to anticipate and accompany the
digitalisation of trade finance...
ICC Banking Commission Tbilisi Agenda October 2018
The meeting will be
held in Tbilisi, Georgia from 15 to 17 October 2018, with Task Force &
Working Group meetings on 15 &16 October...
New draft ICC Opinions
Only two queries
have been received for discussion at the next ICC Banking Commission meeting in
Tbilisi, Georgia, in October 2018...
Recent Alleged Fraud Case
In early February,
Punjab National Bank informed India's stock exchanges of a significant alleged fraud
involving transactions dating back to 2011...
Sustainability in Trade
Back in December
2015, the ICC Commission on Environment and Energy issued a Policy Statement on
‘Sustainability Reporting - Future Directions'...
Understanding Digitalisation Terms
When we look back at
our long list of blogs, it becomes very apparent that a number of new phrases
and terms have entered the vocabulary of those involved in the wonderful world
Standard definitions for techniques of supply chain finance
We have, on many
occasions, made reference to the differing techniques for supply chain finance...