Deadline for ICC national committees to submit their comments
01/02/2013The 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. Final drafts for these two products
will subsequently be produced and circulated to ICC national committees
in early March. The approval of these items will be one of the topics on
the agenda of the ICC Banking Commission meeting to be held in Lisbon
on 15 & 16 April.
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
