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• ICC issues 'Trade Financing and COVID-19’ paper

  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...

• ICC issues addendum to the 2014 Guidance Paper on the use of Sanction clauses in trade finance-related instruments subject to ICC rules

  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...

• ICC release 2019 Trade Register Report

  06/05/2020
  The ICC has today released their latest Trade Register report...

• Two new papers issued by ICC

  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...

• SWIFT MT7 changes postponed until November 2021

  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...