Since the UCP 600’s adoption in 2007, concern has persisted over what the Article 35 rule actually requires of an LC issuer if documents get lost in transit between banks. 

The International Chamber of Commerce (ICC) and Google have partnered to research the digital exports of micro, small and medium-sized enterprises (MSMEs) in Southeast Asia to inform policy discussions and… read more →

Your Monday coffee briefing from TFG – Commerzbank on standardisation: the key to sustainable trade finance

The International Chamber of Commerce (ICC) releases standards for sustainable trade, providing a framework that assesses the environmental sustainability of transactions. 

With the trade ecosystem increasingly shifting towards technological advancements, and a market saturated with options in which to digitise trade processes, it can be difficult to cut through the noise.

The world of trade is changing. Increasingly, the topic of environmental responsibility is taking centre stage, with discourse specifically circling around how the finance industry can implement sustainability measures more effectively. 

At the European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Program (TFP) Forum in Istanbul, TFG spoke with Vincent O’Brien, director of the International Chamber of Commerce (ICC) in the United Arab Emirates (UAE) and associate director of the Institute of International Banking Law and Practice.

An important milestone has been achieved in the global fight against fraud and duplicate financing with the live launch of the Trade Financing Validation Service provided by MonetaGo over the… read more →

ICC Trade Register confirms that for larger banks, credit risk in trade, supply chain, and export finance fall back to pre-pandemic levels.

On 12 October, the UK officially introduced The Electronic Trade Documents Bill into parliament, the next step in a long road to shred the country’s legally imposed reliance on using paper for trade documents.