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Uniform rules for documentary credits, collections, bank-to-bank reimbursements and demand guarantees.

Market outlook for trade finance is gloomy

Paris, 18 January 2012

New research by ICC and the International Monetary Fund has revealed a largely pessimistic outlook for the demand for trade finance products in 2012.

Big shifts are focus of ICC Trade Finance Summit
Beijing, 28 October 2011 Trade and the big shifts taking place in the economic development model, currencies, financial markets and institutions were the focus of the ICC Trade Finance Summit today in Beijing.

ICC report proves trade finance is low risk, asks regulators and G20 to unlock trade
Beijing, 26 October 2011 The rules set by bank regulators impose unwarranted capital requirements that choke trade and have adverse impacts on growth. A new report issued today by the International Chamber of Commerce (ICC) shows that trade finance is a relatively low-risk asset class that should not be feared by banks, nor overregulated by governments.

ICC response to Basel announcement on trade finance
Paris, 25 October 2011 The International Chamber of Commerce is pleased that the Basel Committee on Banking Supervision has announced measures that recognize trade finance as a low-risk activity for banks, and says that there is opportunity to further refine the rules to foster the development of trade and the support of SME clients.

Big shifts in trade and finance to be addressed at first ICC Banking Commission meeting in China
Paris, 26 September 2011 ICC, in association with ICC China, is set to host a major ICC Banking Commission meeting in Beijing from October 24-28 at the Marriot Beijing City Wall. The meeting, which will include a technical workshop and a trade finance summit, will be attended by eminent banking professionals, international organizations and supervisory bodies from over 80 countries.

SWIFT and ICC collaborate on enhanced rules and tools for trade finance
Paris, 21 September 2011 SWIFT, the financial messaging provider for more than 9,700 financial institutions and corporations in 209 countries, and the Banking Commission of ICC have signed a Declaration of Cooperation that will enable industry-wide adoption of the Bank Payment Obligation.

UN endorses ICC Demand Guarantee Rules
Paris, 7 July 2011 The most recent revision of the ICC Uniform Rules for Demand Guarantees (URDG 758) was officially endorsed by the UN Commission on International Trade Law (UNCITRAL) at its 44th annual session in Vienna from 27 June-8 July.

ICC unveils Guide to the Uniform Rules for Demand Guarantees
Paris, 28 June 2011 The International Chamber of Commerce (ICC) has published the comprehensive ICCGuide to Uniform Rules for Demand Guarantees (URDG) to serve as a practical tool for users of the rules, which are rapidly gaining recognition as the main international standards for demand guarantee practice.

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