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Latest Articles

  • Position Papers vs Guidance Papers
    09/10/2018
    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
    01/10/2018
    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
    24/09/2018
    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
    20/09/2018
    Re-cap: 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
    13/09/2018
    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
    11/09/2018
    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
    14/08/2018
    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
    02/08/2018
    Back in December 2015, the ICC Commission on Environment and Energy issued a Policy Statement on ‘Sustainability Reporting - Future Directions'...
  • Understanding Digitalisation Terms
    05/07/2018
    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 of trade...
  • Standard definitions for techniques of supply chain finance
    06/06/2018
    We have, on many occasions, made reference to the differing techniques for supply chain finance...