ICC Banking Commission
MLETR Capacity Building
Asian Development Bank and partners organized an event in Beijing advocating for MLETR adoption in China, addressing challenges posed by fragmented legislation, and highlighting rapid growth in electronic transactions.
ICC Banking Commission Expands Technical Advisory Team
Following revision of its Terms of Reference for handling the technical side of its work, the ICC Banking Commission announced the confirmation of Ms. Farideh Tazhibi of ICC Iran and Mr. Jin Saibo of ICC China as Technical Advisors.
ICC & Swift Release API Standards for Guarantees & Standbys
The ICC announced on 13 August 2023 release of the first application programming interface (API) industry standards for bank guarantees
ICC Meeting Announces & Reflects on Frustrating, Disappointing Results
At its third quarterly meeting of the year conducted virtually on 11 July 2023, the ICC Banking Commission reported on
ICC Issues Briefing on Invoice Titles
Citing frequent instances expressed on social media and otherwise where the types of invoices acceptable or not under UCP-issued documentary
Risks of Email Presentation under LCs Addressed in ICC Briefing Paper
error in initial date in DCW PDF but fixed here.
ICC Initiates Proposal on API Industry Standards for Guarantees & Standbys
On 5 June 2023, the ICC Banking Commission released the findings and proposals of its working group concerning API Industry
ICC Introduces eUCP Directory Project
The ICC Banking Commission has announced its intention to compile an eUCP Directory in order to bring attention to banks’ capacities to handle eUCP letters of credit.
ICC Re-Releases Guidance Papers on Aspects of UCP Use
ICC republished four guidance papers on recommended principles and usages around the UCP600 rules in February 2023. The collection of
ICC Draft Opinions for April 2023 Meeting Released
Two draft opinions, one new and one re-submitted, were released in mid-February to ICC National Committees for review and comment
2023 ICC Dates and Status of TABs
The next ICC Opinions session will take place on 18 April 2023 in a purely virtual setting, followed by a
ICC Draft Opinions Released for January 2023 Discussion
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
