ICC

Your weekly coffee briefing from TFG: E-rules for trade explained – URDTT, eURC, and eUCP

A new report from the International Chamber of Commerce (ICC) highlights how trade plays a pivotal role in ending poverty, driving economic growth, and mitigating climate change.

During a panel at ICC Austria’s Trade Finance Week, moderator Tomasch Kubiak, policy manager at the ICC Global Banking Commission, spoke with panellists Gabriele Katz, director of global transaction banking at Deutsche Bank; Angela Koll, senior business expert for trade and supply chain finance at Commerzbank; and David Meynell, owner of TradeLC Advisory and senior technical advisor to the ICC Global Banking Commission.

Your Monday morning coffee briefing from TFG: China hits record trade surplus in July

In the latest of its ongoing series of technical advisory briefings released on 27 June 2022, the International Chamber of Commerce (ICC) Banking Commission addressed the subject of ‘Reducing Discrepancy Rates under Documentary Credits’ (TAB-3).

TFG has partnered with Trade4MSMEs in a bid to provide micro-, small-, and medium-sized enterprises (MSMEs) with relevant resources to aid in the growth of their businesses. 

TFG spoke to UCP 600 expert David Meynell, senior technical advisor for the ICC Banking Commission and digital rules advisor to the Centre for Digital Trade and Innovation, to discuss the evolution of the UCP 600 and supplementing rules for documentary credits.

In 2019, FCI formed a working group called “Receivables as an Investable Asset Class” (RIAC). It was comprised of FCI members and companies who operate as funds supporting the

The last decade has seen a substantial change in global trade bank attitudes towards innovation and collaboration. 

✍️ In this article, Carter Klein of Jenner & Block talks about independent vs. accessory guarantees, corporate guarantees in the US, and the cases of Shanghai Shipyard and Bank Audi.

Your Monday morning coffee briefing from TFG:
2022 WTO conference extended to try and end deadlock

Certified Documentary Credit Specialist Ravi Jinugu explains the motivations and rationale for variation of Incoterms® rules.

For decades, trade document checkers at banks have mastered the crucial, time-consuming, and somewhat niche skill of manually reviewing complex documents to ensure they meet international standards. 

This article looks at the URDTT as it is applied to the first known commercial application: the eDTT Workspace.

David Meyell, Digital Rules Advisor to the ICC Centre for Digital Trade and Innovation (C4DTI) provides a comprehensive introduction to the ICC Uniform Rules for Digital Trade Transactions (URDTT).