Tools to enhance

Trade Finance

Universally accepted rules and guidelines

for international banking practice, from the ICC Banking
Commission, the world’s essential rule-making body.
 ISBP — International Standard Banking Practice
publications for the examination of documents under UCP 600
ICC Pub. No. 745E
To reflect current best practice and recent developments
The ICC Banking Commission is the world’s leading in the world of trade finance, the ICC Banking
rule-making body for the banking industry, producing Commission has recently updated the successful
universally accepted rules and guidelines for international International Standard Banking Practice (ISBP). This
banking practice. Accompanying guidelines and publication will greatly help harmonize practice
handbooks will help you make the most of international worldwide and thus facilitate the flow of world trade. An
financial markets. Most of our publications are also invaluable source of practical information for trade
available in handy e-book format. finance professionals and academics, this revised edition
of ISBP provides you with the latest ICC approved
ICC Uniform Customs and Practice guidelines for all parties to documentary credits.
for Documentary Credits — UCP 600 
ICC Pub. No. 600E Uniform Rules for Bank Payment Obligations
Check with your National Committee for translations in your language. ICC Pub. No. 750E
ICC’s rules and guidelines on documentary credits, Bank Payment Obligations enable banks to mitigate
UCP 600, are the most successful privately drafted rules the risks associated with international trade to the
for trade ever developed, serving as the basis of benefit of both buyers and sellers. They enable flexible
US$2 trillion worth of trade transactions a year. They financing propositions across the supply chain, from
have been translated into more than 30 languages and pre-shipment to post-shipment. The world’s first rules
used by bankers, lawyers, transporters and academics on BPOs will help harmonize Supply Chain Finance
the world over. practices and foster a better understanding of those
innovative practices.
Users’ Handbook for Documentary Credits 
under UCP 600  The ICC Guide to the Uniform Rules for Bank
ICC Publication No. 694E Payment Obligations
Users’ Handbook for Documentary Credits under UCP 600 by David J. Hennah
as an introduction for users of documentary credits, that is, ICC Pub. No. 751E
to sellers and buyers who seek to increase their access to This manual will guide practitioners in their interpretation
cross-border markets. It strives to demonstrate the way of the Uniform Rules for Bank Payment Obligations and
commercial parties and bankers have used this remarkable provide substance to the practical application of the
commercial device, the documentary credit, to achieve URBPO in the context of real life business scenarios. Vital
their objectives. reading for any trade finance practitioner.

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 ICC Uniform Rules for Demand Guarantees — ICC Uniform Rules for Forfaiting — URF 800
URDG 758 Including Model Agreements
ICC Pub. No. 758E by the ICC Banking Commission and the International Forfaiting
Check with your National Committee for translations Association (IFA)
in your language. ICC Pub. No. 800E; 800EF
Check with your National Committee for translations in your language.
The ICC Uniform Rules for Demand Guarantees (URDG)
reflect international standard practice in the use of The value of the forfaiting market is estimated at more than
demand guarantees and balance the legitimate interests 300 billion USD annually. The use of global rules and
of all parties. The current edition, URDG 758, was standards helps avoid misunderstandings, harmonizes best
officially endorsed by the United Nation Commission on practice around the globe and facilitates dispute
International Trade Law (UNCITRAL) in July 2011. settlement. For the first time, ICC’s URF now provide a
standard set of forfaiting rules that reflect a broad
consensus among bankers, users and all members of the
Guide to ICC Uniform Rules for Demand Guarantees
forfaiting community worldwide. Created by experts for
by Dr. Georges Affaki & Sir Roy Goode
experts, ICC URF is a must-have for anyone involved in
ICC Pub. No. 702E
international trade finance transactions.
This Guide is a vital tool to help you efficiently use ICC’s
Uniform Rules for Demand Guarantees — indispensable
ICC Uniform Rules for Bank-to-Bank Reimbursements
for issuers and users of guarantees and their advisors.
under Documentary Credits 
ICC Pub. No. 725E
Bank Guarantees in International Trade
ICC’s Uniform Rules for Bank-to-Bank Reimbursements
Edited by Roeland F. Bertrams, 4th edition
ICC Pub. No. 975E Under Documentary Credits were developed as a set
of Rules to document worldwide practice and standardize
This collection is a comprehensive study of the legal
the processing of bank-to-bank reimbursements.
and practical aspects of bank guarantees and standby
Used in conjunction with UCP 600, this updated version
letters of credit. Using new developments in legal
sets forth a series of concepts to facilitate the
writing from various countries, it builds an analysis of
reimbursement process.
how the practical applications of guarantees have
established a new pattern of law. This series can be
used in both civil and common law jurisdictions and has The Law of Letters of Credit in China
been cited as an authoritative source of law in several Commentary and Materials on the Chinese Supreme
jurisdictions from each system. People’s Court’s Judicial Interpretations of Letters
of Credit
by Jin Saibo
ICC Pub. No. 736E
This handbook is invaluable for anyone doing export/
import transactions. Detailed comments, in-depth
explanations and critical analyses enable trade finance
practitioners to better understand the L/C system and
related judicial interpretations in China. It is a must-read for
business lawyers and LC practitioners dealing with Chinese
business partners.

4 | TOOLS TO ENHANCE TRADE FINANCE TOOLS TO ENHANCE TRADE FINANCE | 5

 al Standard Banking Practice
The 2013 edition of ISBP covers, amongst others, practices identified from
Opinions approved by ICC national committees since 2007, and also features
the following documents which were not previously covered:
■ Packing listICC Banking Commission Opinions 2009–2011
■ Weight listNew Opinions on UCP 600, ISBP 681, UCP 500, personalization
■ BeneficiaryURC
certificate
522 and URDG 758

ISBP
■ Non-negotiable sea No.
ICC Pub. waybill
732E
■ Analysis, Inspection, Health,series
The Opinions Phytosanitary, Quantity
represents the and Quality certificates
Commission’s official Branded publications are great gifts for business partners
interpretations of how—ICC’s and for corporate use. For a minimum
International Standard Banking Practice 2013 trade
editionfinance rules
is the most are to be
up to
quantity of 300 copies, personalizations are possible
date guide forused in specificofsituations.
the examination documents Forunderdecades
documentarytheycredits
have
provided unrivalled guidance to practitioners for all our trade finance rules.
reflecting practices agreed by ICC national committees. It also servesand been
as an
aid to a beneficiary of ato
referred documentary
by judgescredit in its creation
worldwide. This and presentation
volume includes Contact your National Committee
of documentstheto avery
nominated bank or issuing
first decisions on thebank. The publication
URDG 758. should for further information.
always be read in conjunction with UCP 600.
The DOCDEX Decisions collections complement the
ICC Banking Commission Opinions. Together, they are
vital for practitioners seeking to understand how Especially printed for
ICC rules are applied in daily practice.

Collected DOCDEX Decisions 2009–2012

ICC Publication: 745E
Decisions by ICC experts on documentary credits,
ISBN: 978-92-842-0188-4
collections and demand guarantees
ICC Business Bookstore
ICC Pub. No. 739E
www.iccbooks.com
ICC’s Documentary Credit Dispute Resolution Expertise
(DOCDEX) offers a quick and cost-effective means to
settle documentary credit disputes. The decisions by
ICC Experts on documentary credits are published on a
regular basis to offer international bankers and traders’
insight into the DOCDEX decisions procedure and
guidance on the interpretation of ICC’s trade finance
DC-Professional
rules. This volume contains decisions about the most
controversial provisions of the latest revision of ICC’s
universally used rules on letters of credit, UCP 600. DC-PRO
www.iccwbo.org/Products-and-Services/Bookstore/
2014 Annual Review of International Banking Law Online-libraries/DC-PRO/
and Practice DC-PRO is an online subscription based service. 
2012 by the Institute of International Banking Law and Practice €2500 per person per year. 
2012
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w o ICC Pub. No. 978E, USB stick
Revie Anking Discounts are provided for multiple subscriptions
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EDITED BY
anywhere access. Crucial information, breaking news,
JAMES E. BYRNE
CHRISTOPHER S. BYRNES
MATTHEW J. BROWN
fraud alerts, and all the latest ICC intelligence on letters of
credit, including the latest Banking Commission Opinions,
PETER TRAISAK

INSTITUTE OF INTERNATIONAL BANKING

LAW & PRACTICE, INC.
at your fingertips.

6 | TOOLS TO ENHANCE TRADE FINANCE TOOLS TO ENHANCE TRADE FINANCE | 7

 Report & Survey online training

Global Risks Trade Finance Report 2013 International Standard Banking Practice (ISBP) 
www.iccwbo.org/Products-and-Services/Trade- 300€ per trainee, 10 to 49 trainees — 250€ per trainee,
facilitation 50+ trainees — 200€ per trainee
Based on data from ICC’s Trade Register, the ICC Banking Six hours of training designed to enhance the knowledge
Commission issues the “Global Risks — Trade Finance” and skills of documentary credit professionals.
report on a yearly basis providing a timely, accurate and
comprehensive outlook on the risks in trade finance from
Uniform Rules for Bank Payment Obligations — URBPO
the global trade finance industry’s perspective.  Financial
online training
regulation requires a solid understanding of the critical
300€ per trainee, 10 to 49 trainees — 250€ per trainee,
issues by all sides — government, regulatory, industry, and
50+ trainees — 200€ per trainee
multilateral institutions. The ICC Trade Register helps
enhance this understanding by making available much- Four hours of structured training in all aspects of the
needed data on trade and export finance for the first time. URBPO, from the basic concepts through to a detailed
analysis of the rules. The course will help you understand
how the new Bank Payment Obligation Rules operate
ICC Global Survey — Rethinking Trade & Finance 2013
in practice.
‘An ICC Private Sector Development Perspective’
www.iccwbo.org/Products-and-Services/Trade-
facilitation/ICC-Global-Survey-on-Trade-Finance/ Trade Finance Suite
To respond to financial crises, institutions and policy 800€ per trainee, includes five trainings 
makers need to focus on improving market intelligence so The most comprehensive online training is a combination
that future financial decisions can be based on solid of the below listed courses and written by the world’s
evidence. The surveys provide that intelligence.  The 2013 leading trade finance experts. The different modules ensure
report received the participation of two new partners: the that trade finance professionals have the requisite skills to
International Trade Centre (ITC), to cover credit constraints issue, process and honor traditional trade finance products
and non-tariff measures in trade; and Factors Chain in line with the provisions of the major ICC trade finance
International (FCI) providing business trends in factoring. rules and standards (URC 522, UCP 600, URDG 758
Showcasing a sharp increase in last year, the final report and ISP98)
included representatives of 260 banks in 112 countries.
Collections Online Training — URC 522
300€ per trainee, 10 to 49 trainees — 250€ per trainee,
50+ trainees — 200€ per trainee
Learn the essentials of Documentary Collections work and
the application of URC 522.

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 Mentor 600
300€ per trainee, 10 to 49 trainees — 250€ per trainee,
certification
50+ trainees — 200€ per trainee
Mentor 600 is the only ICC approved course that trains
your staff in all aspects of the documentary credits and Certificate for Documentary Credit Specialists (CDCS)
UCP 600 rules. www.iccwbo.org/About-ICC/Policy-Commissions/
Banking/Certificate-for-Documentary-Credit-
DC Master — Advanced Documentary Training Specialists-(CDCS)/
300€ per trainee, 10 to 49 trainees — 250€ per trainee, The Certificate for Documentary Credit Specialists
50+ trainees — 200€ per trainee (CDCS) is a professional qualification that is recognized
This online course enhances the knowledge and skills of worldwide as a benchmark of competence for
experienced letter of credit professionals. international practitioners. CDCS was developed by the
Institute of Financial Services and endorsed by the
International Chamber of Commerce (ICC) and was
ISP Master — ISP98 designed in consultation with industry experts to ensure
300€ per trainee, 10 to 49 trainees — 250€ per trainee, that the qualification reflects best practice.
50+ trainees — 200€ per trainee
ISP Master will ensure proficiency in the use of ISP98. It Certificate for Specialists in Demand Guarantees
was written by Professor James Byrne of the Institute of (CSDG)
International Banking Law & Practice and Gary Collyer,
www.iccwbo.org/About-ICC/Policy-Commissions/
Technical Adviser to the ICC Banking Commission, and
Banking/Certificate-for-Specialists-in-Demand-
Chair of the UCP 600 Drafting Group
Guarantees-(CSDG)/
The Certificate for Specialists in Demand Guarantees
URDG Master — URDG 758  (CSDG) has been designed to enable demand guarantee
300€ per trainee, 10 to 49 trainees — 250€ per trainee, professionals to demonstrate their knowledge and
50+ trainees — 200€ per trainee expertise.  CSDG will develop students’ knowledge and
Become an expert who is proficient in the operation of expertise in the use of guarantees, industry rules,
demand guarantees, counter-guarantees and the legislation and the challenges relating to demand
application of URDG 758. guarantees and standby credits.  CSDG was developed
by the Institute of Financial Services in partnership with
For more information, visit the International Chamber of Commerce (ICC). This
www.iccwbo.org/onlinetraining qualification has been designed with input from leading
or email: events@iccwbo.org industry experts to keep the contents relevant in an
ever-changing sector.

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