09/02/2026
The latest ICC Trade Advisory Briefing can be found in the following link: https://library...
09/02/2026
This newsletter covers the 1 opinion that was approved by the ICC Banking Commission on 27 January It also provides the text of the Trade Advisory Briefing number 17 covering the handling of letters of credit that require or allow for the presentation of 'surrender[ed]' bills of lading...
24/11/2025
There appears to be some spam messages circulating apparently from an email address no-reply@collyerconsulting...
31/10/2025
This newsletter covers the 6 opinions that were approved by the ICC Banking Commission on 21 October...
18/09/2025
The widely acclaimed MasterClass event (a two-day event) will return to Dubai in 2026...
28/08/2025
The list of ICC Trade Advisory Briefing notes has been updated with numbers 13 and 14...
22/08/2025
I have mentioned previously that I have been acting as an advisor/consultant to a company called Complidata who are based out of Belgium...
08/08/2025
The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...
08/07/2025
With AI becoming more and more involved with trade finance, the ICC has issued the following paper...
19/09/2024
Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...
14/08/2024
This briefing, focussing on the acceptance and rejection of amendments, describes the necessary process for the proper handling of tamendments and the best practices associated with determining their acceptance or rejection...
17/07/2024
The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...
30/04/2024
The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...
28/02/2024
For almost two years now I have been acting as a consultant to a company called Complidata who are based in Belgium...
01/02/2024
The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...
01/12/2023
This briefing, focussing on the content of the various forms of certificates, describes the necessary awareness for the proper handling of these documents and the best practices associated with the issuance and creation of certificates...
13/11/2023
The eUCP Directory is now live on the ICCWBO website in the Trade and Supply chain finance page...
13/11/2023
The 2023 ICC Trade Registry Report is now available for purchase and download via the following link: https://iccwbo...
09/11/2023
News from the ICC Banking Commission meeting of 24 & 25 October 2023 including an overview of the approved Opinions TA931rev, TA932rev, TA933rev and TA934rev are included within the newsletter...
27/09/2023
A document explaining the above, which can be downloaded from the link below, has been authored by Mr...
16/08/2023
The above guide, which can be downloaded from the link below, has been kindly provided by Mr...
14/07/2023
News from the ICC Banking Commission meeting of 11 July 2023 - Opinion TA927, TA Briefing 7, ISBP 821, eUCP appendix, Dual Use goods and Price Checking of Goods and Services documents released by ICC...
07/07/2023
As you may be aware, the ICC recently released the new ISBP publication (No...
03/07/2023
The ICC released the text of the eURC version 1...
30/06/2023
The ICC released the text of the eUCP version 2...
23/05/2023
The latest newsletter providing details of the Opinion approved by the ICC at its meeting on 18 April, together with the text of the sixth Technical Advisory Briefing document can be found in the Members Information section under the Newsletters / Articles / External Publications tab...
13/03/2023
The latest ICC Briefing paper (No...
08/02/2023
The latest newsletter providing details of the two Opinions approved by the ICC at its meeting on 31 January, together with the text of the fifth Technical Advisory Briefing document can be found in the Members Information section under the Newsletters / Articles / External Publications tab...
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...
01/11/2022
The latest newsletter providing details of the Opinion approved by the ICC at its meeting on 19 October, together with the text of the fourth Technical Advisory Briefing document can be found in the Members Information section under the Newsletters / Articles / External Publications tab...
27/09/2022
The International Chamber of Commerce (ICC) and its members are committed to achieving the Sustainable Development Goals (SDGs) and tackling climate change...
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...
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”...
25/07/2022
The latest newsletter providing details of the Opinion approved by the ICC at its meeting on 12 July, together with the text of the third Technical Advisory Briefing document can be found in the Members Information section under the Newsletters / Articles / External Publications tab...
28/06/2022
Further to the news item of 7 April, advising the issuance of technical briefing No...
28/04/2022
The latest newsletter providing details of the Opinions approved by the ICC at its meeting on 20 April, together with the text of the first two Technical Advisory Briefing documents can be found in the Members Information section under the Newsletters / Articles / External Publications tab...
07/04/2022
Further to the news item of 2 February, advising the issuance of technical briefing No...
25/03/2022
Following the successful implementation of the Uniform Rules for Digital Trade Transactions (URDTT) on 1 October 2021, the ICC has today released an accompanying publication to help users understand more fully the rules and provide some guidance on implementing the URDTT for existing or new products...
23/03/2022
The following free webinars are being offered by Iqbal I...
18/03/2022
This toolkit, developed by ICC and the World Trade Organization, is designed to help companies and government agencies adopt available standards to accelerate the digitalization of trade processes...
08/03/2022
Further to our news item of 2 March concerning the re-publishing of the ICC’s guidelines on sanction clauses, please find below the latest from ICC including access to the ICC Academy e-training course ‘Introduction to Trade Finance Compliance’ until 31 March and the establishment of a dedicated email address for enquiries relating to sanction compliance and any border disruptions arising from the Russia/Ukraine conflict...
02/03/2022
Following the escalation of sanctions on Russian businesses, individuals and financial institutions over the past few days, we have taken the decision to reissue the previous ICC guidance on the use of sanctions clauses in documentary credits in consolidated form...
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...
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...
18/11/2021
The ICC today released a new roadmap which has been published to reconceive global trade finance for a more sustainable and inclusive global economy To download the report, please click here...
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...
08/10/2021
The latest newsletter providing details of the Opinions approved by the ICC at its meeting on 6 October, together with an update on the release of the new Uniform Rules for Digital Trade Transactions can be found in the Members Information section under the Newsletters / Articles / External Publications tab...
01/10/2021
New rules to govern digital trade enter into force today! The newly approved Uniform Rules for Digital Trade Transactions are officially released and enter into force today, 1 October 2021...
01/10/2021
Text of the rules can be obtained here for free...
23/09/2021
For many people that are based in the Middle East region, I have been conducting an annual Letter of Credit MasterClass for the last 10 years...
15/09/2021
The popular annual letter of credit MasterClass is returning in October but with a wider programme...
15/06/2021
In April 2020, the ICC Digitalisation in Trade Finance Working Group set up a subcommittee to specifically consider what is happening in the document checking automation space within Trade Finance...
07/05/2021
Yes, www...
05/05/2021
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’...
07/04/2021
The above published a joint report at the end of 2020 and supplemented this with a further document last month...
06/04/2021
The latest newsletter may be found under 'Member Trade Information' and then 'Newsletters/Articles/External Publications'...
31/03/2021
At the virtual ICC Banking Commission meeting today, the Commission approved the release of the ISDGP (International Standard Demand Guarantee Practice) publication...
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...
29/01/2021
Since 1997, the ICC DOCDEX Rules have provided a trusted dispute resolution system for documentary credits subject to the UCP 600...
18/01/2021
The CDCS examination will be held on 16 & 17 April 2021, depending on your location...
30/11/2020
The Autumn and Winter 2020 newsletter is now available for viewing in the Newsletters / Articles / External Publications tab of the Members Information section...
26/11/2020
ICC releases the “ICC Identity Management Guide” The production and distribution of goods and services are increasingly organised in global value chains supported by electronic communication...
25/09/2020
If you are interested, or keen, to take the CDCS examination, registration for the examination which is to be held on 16 or 17 April 2021 (date depends on your location) is now open...
24/07/2020
For many people that are based in the Middle East region, I have been conducting an annual Letter of Credit MasterClass for the last 10 years...
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...
25/06/2020
The ICC released the following on 25 June 2020: “Due to the ongoing global health crisis, the Banking Commission leadership and ICC Secretariat in close consultation with ICC Cyprus has to inform you that the ICC Banking Commission Technical Meeting in Limassol originally scheduled on 26-20 October 2020 will be postponed...
12/06/2020
The Digital Container Shipping Association (DCSA), in a recent whitepaper, revealed it is developing open source standards for electronic bills of lading (eBL)...
05/06/2020
Following the release of the ICC Guidance paper on the impact of COVID-19 on trade finance transactions subject to ICC rules on 6 April 2020, certain comments had been made by lawyers and law firms regarding the reference in sections B and C sub-sections (iii)-(v) of the ICC Guidance paper to a nominated bank being protected by UCP 600 article 35, where documents could not be handed over to a courier or postal service...
04/06/2020
The latest newsletter has been added to the Members Trade Information page...
22/05/2020
In a new paper issued on 20 May 2020, the ICC is estimating that as much as US$5 trillion in market capacity will be needed to return trade volumes close to 2019 levels in 2021...
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...
06/05/2020
The ICC has today released their latest Trade Register report...
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...
01/05/2020
On 14 April 2020, SWIFT announced that it had decided to postpone the scheduled Category 7 changes for guarantees and standbys from November 2020 to November 2021...
27/04/2020
ICC has issued a collection of rapid response measures by trade finance banks to keep trade finance and trade flowing in the face of COVID-19...
23/04/2020
Global trade is increasingly becoming more digitalised...
17/04/2020
Given the many disruptions to corporate business operations in light of COVID-19, and resulting questions on Force Majeure clauses in commercial contracts, the ICC released the following guidance document: https://iccwbo...
16/04/2020
Last year, SWIFT undertook a Proof of Value exercise with JPMorgan and DBS using FileAct and MT759 to help facilitate LC presentation, notify of the documents arrival, and link the documents to the associated LC...
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...
12/03/2020
Message from ICC Secretariat 12 March 2020: In light of the current outbreak of COVID-19 around the world, the Secretariat has to inform you that the ICC Banking Commission Annual Meeting in Dubai originally scheduled on 20-23 April 2020 will be rescheduled...
12/03/2020
The U...
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...
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...
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...
29/01/2020
Customer due diligence and KYC is essential in order to protect the global financial system from money laundering and financing of illegal and criminal activities...
09/12/2019
Further to our news item of 19 November, there has recently been a further update on the Cmatch platform that is being made available by essDOCS...
19/11/2019
In our news item of 7 May 2019, we reported that SWIFT had decided to decommission their Trade Service Utility (TSU) platform and transaction matching application with effect from December 2020...
18/11/2019
The eUCP 2...
18/11/2019
ICC launched version 1...
07/11/2019
It is not only banks that are providing trade finance! CMA CGM recently announced the pilot-phase launch of its SHIPFIN Trade Finance service, an all-digital platform that offers a variety of payments, invoicing and financing services to importers and exporters...
11/10/2019
The Autumn & Winter 2019 newsletter contains an overview of the 5 opinions that were approved at the ICC Banking Commission meeting held in Paris on 8 October...
04/10/2019
The Member Trade Information, Bank Client Information and Corporate Information sections have all been refined and updated...
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...
03/10/2019
ICC, in conjunction with SWIFT and the Boston Consulting Group have released a paper titled "Digital Ecosystems in Trade Finance - Seeing Beyond the Technology"...
11/09/2019
On 10 September, the ICC officially released the new version of Incoterms (to be known as Incoterms 2020)...
27/06/2019
BAFT (Bankers Association for Finance and Trade) has released a guidance paper relating to the use of auto-extension clauses in standby letters of credit and demand guarantees...
25/06/2019
The ICC has now made available the above supplements to UCP and URC...
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’...
11/06/2019
The ICC has recently issued 2 Policy Statements from the Financial Crime Risk & Policy Group...
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...
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...
07/05/2019
Although not officially announced by SWIFT, and the SWIFT website is still actively providing tools and coverage of the Trade Service Utility (TSU), it has recently been announced in a couple of trade finance publications - GTR and TXF - that SWIFT have decided that the TSU and its transaction matching application functionality, on which the Bank Payment Obligation (BPO) relies, will be decommissioned in December 2020...
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...
19/04/2019
The latest edition of the news letter is now available, containing an overview of the ICC opinions approved at the recent Banking Commission meeting in Beijing...
12/04/2019
At its semi-annual meeting in Beijing, held between 8-11 April, the ICC Banking Commission announced that national committees had approved the final text for a revision of eUCP (to be known as version 2...
05/04/2019
It has long been debated as to whether drafts serve a useful purpose in a letter of credit...
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...
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...
30/11/2018
Amid growing interest and debate on Blockchain, the WTO launched a new publication on 27 November that seeks to demystify the technology and analyse its capacity to transform world trade...
20/11/2018
On 16 November, the WTO launched its new online database...
14/11/2018
A document has been added to the Members Information section of the website (under 'The SWIFT Trade Services Utility (TSU) and the Bank Payment Obligation (BPO) section) and provides an excellent overview of the BPO - how it works, whom is involved, what is needed to be able to offer or use the product...
09/11/2018
This second supplement looks at the content of two new SWIFT messages that will be available from 18 November - the MT744 (Notice of Non-Conforming Reimbursement Claim) and the MT759 (Ancillary Trade Structured Message)...
21/10/2018
Following on from the content of Autumn & Winter 2018 Newsletter, this supplement looks at the changes that are planned for the MT707 when released next month...
19/10/2018
The latest newsletter has been added to the 'Newsletters / Articles / External Publications' section of the Members Trade Information page...
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...
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...
08/10/2018
Only two queries have been received for discussion at the next ICC Banking Commission meeting in Tbilisi, Georgia, in October 2018...
07/06/2018
Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, today announced its new vessel monitoring capability, Firco Trade Compliance Ship Enforcement Alerts (SEA), which will further enhance its market leading screening solution...
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...
30/04/2018
At the ICC Banking Commission meeting held in Miami on 3-6 April, the results of a survey on usage of URDG 758 was shared with the audience...
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...
09/04/2018
The latest newsletter has been added to the 'Newsletters / Articles / External Publications' section of the Members Trade Information page...
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...
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...
27/11/2017
The latest newsletter has been added to the 'Newsletters / Articles / External Publications' section of the Members Trade Information page...
23/08/2017
At its 50th plenary session held in Vienna on 14 July, the United Nations Commission on International Trade Law (UNCITRAL) officially endorsed the ICC publication 800 "Uniform Rules for Forfaiting" (URF 800)...
27/07/2017
The upgrade to the category 7 messages will see 9 new messages - 2 relating to documentary credits (MT708 extension to the MT707 and MT744 notice of non-conforming reimbursement claim), 6 relating to guarantees and standby letters of credit (MT761 issue of a demand guarantee or standby credit which will be an extension of a new highly structured MT760, MT765 demand under a guarantee or standby, MT775 amendment to a guarantee or standby, MT785 guarantee or standby non-extension notification, MT786 demand refusal under a guarantee or standby, MT787 amendment response to a guarantee or standby), and 1 relating to an ancillary trade structured message (MT759)...
13/07/2017
The latest ICC Global Trade Finance Survey can be downloaded from the following link Here Highlights from the SWIFT 2016 statistics, that can be found on pages 88 - 99 are: Volume of MT700 messages was down 2...
15/06/2017
At the ICC Banking Commission meeting held in Jakarta in Aril 2017, it was decided that there was no current justification for a revision of the UCP 600...
11/04/2017
The latest newsletter has been added to the 'Newsletters / Articles / External Publications' section of the Members Trade Information page...
22/03/2017
I am pleased to announce the release of our latest set of modules on our highly popular on-line training website www...
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...
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...
23/02/2017
MANILA, PHILIPPINES (16 February 2017) - The Asian Development Bank's (ADB) Trade Finance Program (TFP) has issued its first guarantee for Myanmar, supporting the import of fertilizers from Italy...
10/02/2017
Announced today, the project could prove telling in its impact with shipments and transactions of goods in one of the world's major trading hubs...
08/02/2017
Below, we reproduce a document that posted to the Blog...
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...
13/01/2017
Registrations for the April 2017 CDCS, CITF and CSDG examinations close on 31 January 2017...
16/12/2016
The 8th version of the Trade Registry Report has now been released by the ICC...
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...
23/11/2016
The latest newsletter has been added to the Members Information page under 'Collyer Consulting Newsletters'...
23/11/2016
At the Banking Commission Executive Committee meeting on 7 November 2016 in Rome, the decision was taken to: - make Official Opinion requests subject to ICC membership...
28/10/2016
Traders can finally import third-country goods using Visakhapatnam Port in India, as Nepal Rastra Bank (NRB), the central bank, has allowed banks to issue letters of credit (LC) to bring in cargoes using the seaport in Andhra Pradesh...
07/10/2016
The ICC today issued its latest Global Trade Finance survey based on 2015 data...
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...
15/09/2016
Misys and essDOCS, the leading enabler of paperless trade, have joined forces to further eliminate the paper-based and manual processes that hamper international trade finance business...
02/09/2016
Countries can initiate new efforts to support access to trade finance for their small and medium enterprises (SMEs) to help them grow into global markets, according to a study released by the World Trade Organization (WTO)...
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...
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...
24/06/2016
The following link provides the latest information with regard to banks and corporates that are either live or testing the BPO functionality...
13/06/2016
The ICC Banking Commission Legal Committee has released a paper on mitigating risks in Inventory Finance...
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)...
30/05/2016
Alexander R...
30/05/2016
The ICC today made the following announcement: "In response to a number of comments received in respect of 470/TA...
18/05/2016
Bolero, the world-leader in trade finance instruments, electronic presentation and contract settlement, has entered into partnership with BSM Global, the Australia-based consulting and solutions company assisting importers and exporters to optimise trade execution processes...
17/05/2016
Members can find the latest newsletter in the Members Trade Information tab of the website...
13/05/2016
Article in International Shipping News - 12 May 2016 BP recently incorporated a CargoDocs electronic Bill of Lading clause into its latest Charter Party, BPVOY5, as eB/L adoption continues to accelerate across Energy trades globally...
22/04/2016
SWIFT, in collaboration with Accenture, has issued a paper investigating how Distributed Ledger Technologies (DLTs) could be used in financial services...
15/04/2016
TXF magazine has issued its annual Commodity Finance Report...
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)...
19/02/2016
The Basel Committee on Banking Supervision has updated its guideline document 'Sound management of risks related to money laundering and financing of terrorism'...
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...
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'...
07/02/2016
SWIFT's RMB tracker shows that the RMB is now the most active currency used by the UAE and Qatar for direct payments to China and Hong Kong...
06/02/2016
Members will find the latest newsletter (Volume VIII) in the Member Trade Information section of the website...
01/02/2016
Global supply chains use a fundamentally broken system that locks up many hundreds of billions of dollars within a complex milieu of intermediaries and financiers...
01/02/2016
Egypt's biggest lender, the state-owned National Bank of Egypt (NBE), provided more than $2...
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...
17/12/2015
The ICC today released the latest Trade Register Report...
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...
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...
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...
09/11/2015
Debt under a letter of credit is situated in the place where payment is to be made...
04/11/2015
3 November - Egypt's top two state banks have provided clients with over $800 million over the past three working days to release goods held up at ports due to a dollar crisis that is hindering imports, Banque Misr's chairman told Al-Arabiya TV on Tuesday...
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...
01/10/2015
The ICC has released its 2015 Rethinking Trade & Finance survey report...
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...
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)...
07/09/2015
The file below contains the latest data with regard to BPO adoption...
25/08/2015
Following a request from a number of banks, ICC and SWIFT formed a drafting group under the chair of Gary Collyer to create guidelines to assist banks when creating customer agreements relative to the use of the BPO and associated bank products and financing solutions...
17/08/2015
The ICC Banking Commission has indicated, based on feedback received, that the final versions of Opinions TA...
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...
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...
11/06/2015
The latest newsletter has been added to the Members Trade Information Page under 'Newsletters'...
15/05/2015
The World Trade Organisation (WTO) has issued its World Trade Report 2014 providing information, amongst others, on recent trends in trade...
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)...
08/05/2015
Copies of the presentations given at the ICC Banking Commission meeting held in Singapore in April can be viewed in the Trade Information tab of the members section, under 'ICC Banking Commission'...
29/04/2015
A legal summary of the above English law case that was heard in 2013 has been added to the Court Decisions section of the Members Trade Information tab...
29/04/2015
Two presentations, given recently in Hong Kong, on the subject of trade finance based money laundering, are available for review at the Members Trade Information tab of the website...
28/04/2015
To date, BPO transactions have been completed based on the submission of data extracted from paper documents...
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...
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...
28/01/2015
The ICC has released an updated document detailing the process to be followed in respect of requesting an ICC Opinion...
06/01/2015
The 2015 Letter of Credit MasterClass event will be held in Dubai on 6 and 7 April at the Radisson Blu Hotel, Deira, Dubai...
10/12/2014
A new newsletter has been added to the members section providing details of some of the issues discussed at the ICC Banking Commission meeting held in Istanbul on 5 and 6 November 2014...
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...
03/11/2014
We would like to direct your attention to the new 'On-Line Training' tab which contains exciting information regarding a new On-Line Training platform that is being provided by Collyer Consulting Global Ltd and LCTrade Advisory...
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...
28/09/2014
The Collyer Consulting Annual MasterClass returns to Dubai for the 6th successive year...
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...
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...
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)...
13/07/2014
CIMB Bank has announced that it became the first Malaysian bank to complete a BPO transaction...
04/07/2014
The 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...
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...
19/06/2014
The report demonstrates the low risk nature of both short term and medium to long term trade finance...
13/06/2014
The spring/summer 2014 newsletter has been added to the newsletter section of the Members Information area...
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...
06/06/2014
BP Petrochemicals has completed the first European centric Bank Payment Obligation subject to the URBPO rules...
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...
02/05/2014
Trade & Export Finance have released their Commodities report for 2014...
18/04/2014
SWIFT have released the latest data concerning bank adoption of the BPO together with an update of the live transactions...
08/04/2014
The 5th annual Letter of Credit MasterClass was held in Dubai on 7 & 8 April 2014 with 110 attendees...
26/03/2014
The ICC Banking Commission annual review for 2013 can be downloaded at www...
13/02/2014
The winter 2013/2014 newsletter has been added to the newsletter section of the Members Information area...
04/02/2014
The 5th Collyer Consulting Annual Letter of Credit MasterClass will be held in Dubai on 7 & 8 April 2014...
31/01/2014
In the referenced newsletter, SWIFT have highlighted a few facts and figures...
31/01/2014
A copy of the above report has been added to the Newsletters / Articles / External Publications section of the members information page...
14/01/2014
Three new publications have been added in the Members Information page under 'Newsletters / Articles / External Publications'...
14/01/2014
The ICC and IFS have announced the development of the above certification programme for guarantees specialists...
31/12/2013
For the 5th year running, we will be holding our Annual Letter of Credit MasterClass in Dubai...
19/11/2013
The Autumn 2013 Newsletter has been added to the Members Trade Information area of the website...
12/10/2013
The 5th Letter of Credit MasterClass in Dubai, United Arab Emirates will be held at the Dusit Thani Hotel on 7 and 8 April 2014...
01/10/2013
Welcome to the newly designed website...
16/09/2013
On 24th & 26th June, Gary Collyer delivered workshops on behalf of ICC Thailand and Indonesia to launch the ISBP in Thailand and Indonesia respectively...
01/07/2013
The report can be downloaded from www...
01/07/2013
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01/07/2013
This decision has been taken for a number of reasons that will remain largely private, but for those interested do not involve health issues! The ICC Banking Commission will shortly be announcing the new structure for the Technical Adviser function...
18/06/2013
ICC Opinion R751 is superceded by the content of paragraphs D1 (c) and E1 (a) i...
20/05/2013
The events were sponsored by Standard Chartered Bank...
17/05/2013
The rules become effective on 1 July 2013...
06/05/2013
Over 135 attendees heard, amongst other topics, updates on recent ICC Opinions, the content of the new ISBP publication and features and scope of the BPO and the URBPO rules that support this new trade finance offering...
22/04/2013
A link to the 2012 ICC Trade Register Report has been added to the "Basel III and the ICC Trade Registry Project" under the 'Trade Information' tab...
17/04/2013
At the ICC Banking Commission meeting held in Lisbon, both the URBPO (Uniform Rules for Bank Payment Obligation) and the ISBP (International Standard Banking Practice for the Examination of Documents under UCP 600) were resoundly approved...
26/03/2013
Details can be found at the Publications tab of this website...
06/03/2013
These items will be voted upon at the ICC Banking Commission meeting in Lisbon on 16/17 April...
01/02/2013
The deadline for ICC national committees to submit their comments to Draft 3 of the URBPO (Uniform Rules for Bank Payment Obligations) and Draft 5 of the ISBP (International Standard Banking Practice) is 4 February...
31/01/2013
Collyer Consulting held its first Letter of Credit MasterClass in Asia on 23 January in Singapore with around 100 participants in attendance...