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Uniform rules for documentary credits, collections, bank-to-bank reimbursements and demand guarantees. |
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| In an effort to provide greater financial security following the global recession, the International Chamber of Commerce (ICC) today unveiled an extensively revised version of the Uniform Rules for Demand Guarantees (URDG), which will be instrumental in adopting uniform practices in trade finance. |
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ICC to host major banking conference in China
More than 300 of the world’s top banking leaders and experts will assemble in Beijing on 23rd April 2010 for a unique event to discuss key issues and solutions for speeding-up recovery from the economic crisis. |
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First seminar on revised URDG rules to take place in Paris
For the first time since the adoption of the revised ICC Uniform Rules for Demand Guarantees (URDG), members of the drafting group will give a full public presentation on the new rules at a special seminar to be held in Paris on 18 March. |
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ICC announces new rules for demand guarantees
ICC today announced a revised version of the Uniform Rules for Demand Guarantees (URDG) destined to apply to hundreds of billions of dollars of demand guarantees securing monetary and performance obligations in a wide array of international and domestic contracts. |
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UN endorses ICC Documentary Credit Rules
ICC’s most recent revision of the Uniform Customs and Practice for Documentary Credits (UCP 600) was officially endorsed by the UN Commission on International Trade Law (UNCITRAL) at its 42nd annual session in Vienna. |
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