The Commission on Banking Technique and Practice acts to prepare new uniform rules,  to update existing uniform rules for documentary credits, collections and bank-to-bank reimbursements and to adapt international banking practices to automatic data processing techniques. It works in conjunction with the International Commercial Practice Commission and with other international bodies on demand guarantees.

Priorities 

• To serve as the global forum and rule-making body for the international trade finance community.
• Expand use of the electronic supplement to UCP 500 (eUCP).
• Target the European Commission and multinational development banks to urge them to make use of the ICC Uniform Rules for Demand Guarantees (URDG) in view of the World Bank's incorporation of these rules into its unconditional guarantee forms.
• Explore potential for developing common practices in factoring and forfaiting.
  

Projects for 2008

• Complete the revision of the Uniform Rules for Demand Guarantees (URDG); organize events to raise awareness of the development of the new URDG.
• Seek a Commission role on new trade-finance topics, including forfaiting and factoring.
• Work with the Financial Action Task Force to provide a business view-point on anti-money laundering regulatory initiatives.
• Publish a Commentary explaining the new UCP 600 and develop a publication plan on other trade-finance issues, including DOCDEX cases and UCP Queries.