31/03/2021At the virtual ICC Banking Commission meeting today, the Commission approved the release of the ISDGP (International Standard Demand Guarantee Practice) publication. Only 2 countries voted against the text. More details will be provided in the members Spring/Summer 2021 Newsletter that will be released soon.
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