https://ebsiexportacademy.com/images/stories/newslider/image4.png The most recent meeting of the ICC Banking Commission took place in Paris on Thursday 23 October and Friday 24 October 2008 and was hosted by BNP Paribas.

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The IFC Partners meeting was held just in advance of the October 2008 Banking Commission meeting to ensure maximum participation from members of the ICC Banking Commission and trade bankers from the IFC Global Trade Finance Program (GTFP)

The welcoming remarks were delivered by Ms. Regina Prehofer, Banking Commission Chair, who made special reference to the involvement of the International Finance Corporation (IFC).

Mr. Pierre Mariani (France), Global Head of International Retail Services and member of the Executive Committee, BNP Paribas, also welcomed delegates and set the scene for the important meeting in the backdrop of the evolving global financial crisis.

Ms. Bonnie Gallat acted as moderator for a panel of the IFC trade finance specialists who reported the activity and progress of the IFC Global Trade Finance Program.

ICC Opinions and DOCDEX
The second day of this meeting was opened by Mr. Gary Collyer, Technical Advisor to the Banking Commission, who led the discussion on ICC Official Opinions as well as recent DOCDEX cases.

The event was dedicated to panel discussions on critical issues facing the trade finance markets.

Dr. Georges Affaki provided the commission members with a progress update on the revision of the Uniform Rules for Demand Guarantees (URDG).

Mr. Fung King Tak from Hong Kong took the members through an intricate case dealing with the URDG in court.

Focused updates were also provided on:

  1. anti money laundering.
  2. forfaiting guidelines.
  3. SWIFT initiatives
  4. UCP 600 endorsement by UNCITRAL.

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