ICC Uniform Rules for Digital Trade: progress to date


As we have noted previously, work has commenced on the drafting of a new set of ICC rules,the Uniform Rules for Digital Trade (URDT).


The intention is to create rules that will be agnostic in nature with regard to the technology that will be used to facilitate the widespread digitalisation of trade finance.


Initial meetings have concentrated on outlining a skeleton framework for the required articles and it is expected that the content will be expanded further over the coming months.


It is intended that a more detailed overview will be released to ICC National Committees at the Autumn Banking Commission meeting in Paris later this year. 



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