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Uniform rules for documentary credits, collections, bank-to-bank reimbursements and demand guarantees. |
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| ICC is set to stage its most forward-looking deliberation to date on the future of trade and finance later this month, attracting over 300 of the world’s most eminent bankers, business leaders and finance experts. |
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ICC appoints new Chair of Banking Commission
ICC’s Chairman, Rajat Kumar Gupta, has appointed Tan Kah Chye, Global Head of Corporate Cash and Trade at Standard Chartered Bank, as the new Chair of the ICC Commission on Banking Technique and Practice. |
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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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