Task Forces

The ICC Banking Commission rules and guidelines are the gold standard of international banking practice

ICC Banking Commission Task Forces and Working Groups

task force

Every year, trade transactions involving over US$1 trillion dollars are conducted on the basis of the ICC rules on documentary credits, the UCP 600, which makes them the most successful privately drafted rules for trade ever developed.

International trade is however, constantly evolving, and the framework of rules must keep track, adjusting to changing conditions and meeting new requirements. Our task forces and working groups are currently working to overhaul the rules in a number of different fields such as international standard banking practice and forfaiting.

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