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Uniform rules for documentary credits, collections, bank-to-bank reimbursements and demand guarantees. |
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| Securing an array of international and domestic monetary and performance obligations, ICC's new Uniform Rules for Demand Guarantees enter into effect tomorrow. |
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Too soon to withdraw support, trade finance experts conclude
Despite improvements over the last year, trade finance markets remain fragile and it would be premature to wind down official support, at least for the immediate future according to the Expert Group on Trade Finance who met in Geneva last week under the chairmanship of World Trade Organization Director-General Pascal Lamy. |
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Prospects for strong trade recovery mixed, ICC report says
Prospects for a strong and lasting trade recovery are mixed, with access to affordable trade finance constrained, trade protectionism still a problem, and banks facing tougher capital requirements for their trade assets, a major new survey on trade finance by the International Chamber of Commerce (ICC) said today. |
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Volcanic eruption delaying delivery of documents under ICC rules
The unprecedented situation resulting from the volcanic eruption has led to delays in the presentation of documents by beneficiaries and banks to nominated banks, issuing banks, guarantors and instructing parties, due to the inability of courier companies to deliver packages in accordance with their published schedules. |
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ICC postpones banking meeting in Beijing
The International Chamber of Commerce regretfully announces the postponement of its Banking Commission Spring meeting and its related events due to take place in Beijing on 21-23 April. |
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ICC China to host Trade Finance Forum in Beijing
The Chinese capital will host a series of events this month on banking and trade issues, including a regular meeting of the ICC Commission on Banking Technique and Practice and the ICC China Trade Finance Forum, which will bring together world experts to discuss subjects including trade finance and dispute resolution issues. |
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