Banking Technique and Practice

Mandate

To serve as a global forum and rule-making body for banks worldwide, with particular focus on the financing of international trade.
 

Аctivities

- Launch the revised International Standard Banking Practice (ISBP) to reflect practices applied under ICC Uniform Customs and Practice for Documentary Credits (UCP 600).

- Publish and promote the new Uniform Rules for Forfaiting.

- Complete the drafting of Bank Payment Obligation (BPO) guidelines in partnership with SWIFT.

- Revise the DOCDEX rules to make it more relevant to finance-related disputes.

- Continue the production of the ICC Trade Finance Register.

- Maintain engagement with key policymakers on the implementation of the Basel III framework for trade finance.

- Provide timely market intelligence reports, including analysis to support ICC contributions on trade finance in key international forums.

- Issue official opinions on queries on UCP, ICC Uniform Rules for Collections, and ICC Uniform Rules for Demand Guarantees on a biannual basis.

- Develop business policy input on anti-money laundering, the financing of terrorism and economic sanctions, including by providing targeted input into the work of the Financial Action Task Force.

- Actively explore opportunities to develop new rules for financial instruments.

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