News

News by Month

May 2019

ICC issue paper regarding the roll-out and commercialisation of ICC digital rules
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...
SWIFT TSU no longer available post December 2020
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...

Recent News

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 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...more

ICC release Technical Advisory Briefing No. 10 - Amendments 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...more

Latest Question

A road transport document is issued on the letterhead of ABC Limited, and it is signed: On behalf of the carrier with a round stamp of ABC LIMITED and signed. Does the stamp identify the carrier and the signature fulfil the condition of signed by the carrier? Will it apply to other transport documents too?