As emerging markets become important drivers of the global economy, ICC is launching a workshop on 21 October on ICC rules for these fast-growing countries.

ICC’s expertise in creating standardized rules has important consequences: ICC rules are not only practical tools for conducting trade worldwide but also serve to level the playing field between industrialized and emerging countries, so they interact efficiently.

Jointly staged by ICC and the International Finance Corporation (IFC), the event, ICC Rules and Tools for Trade, will show how ICC rules, such as the widely-used UCP 600 documentary credits, can become an integral part of any trade finance and operations strategy for emerging markets.

“In today's trade finance world, ICC rules and in particular UCP 600 have to be mastered by all professionals involved in conducting trade. This hands-on workshop is a must for bankers, risk managers, export credit professionals, and anyone negotiating international sales contracts,” said Regina Prehofer, Chair of the Banking Commission.

Experts drawn from ICC’s Banking Commission will provide an overview of the array of available trade financing instruments, from good implementation of UCP 600 to trade finance structures in emerging markets, Islamic finance alternatives, and bank obligations under ICC rules.

Case studies will be presented which exhibit current challenges in trade finance in emerging markets and open to debate among experts and participants.

Among the main speakers, members of ICC’s Banking Commission, will be Vincent O’Brien, Chairman of the Conference and long-standing expert of the ICC Banking Commission; Gary Collyer, Vice Chair and Technical Advisor of the Banking Commission with a long track record of drafting trade finance rules, including UCP 600; Pavel Andrle, who has extensive experience in trade finance in emerging markets; and Iqbal Ibrahim Karmally, Head of Trade Finance in a major Islamic Bank.

To read a copy of the brochure, or to sign up,  click here