The annual Vienna-based conference has established itself over the last decade as the only true global platform dedicated to bank guarantees. Our unique combination of lecturers, panelists and attendees will have the opportunity meet, network, exchange ideas and solve mutual problems of their business.
This year we will cover the influence of URDG on domestic legislation, in particular in Russia and China, as country issue India and, as it was continuously put in the feedback forms, the Italian fideiussione. Our educational sessions will focus amongst other things on hybrid guarantees and how to handle those as well as on a comparison of URDG, UCP600 and ISP98 from a European perspective. We will also address the ever increasing regulatory demands with up-dates on Sanctions and Art 55 BRRD.
CDCS/CSDG: earn 12 PDUs towards recertification
Islamic finance, or better “sharia compliant” Trade Finance, is a growing part of the international financial system, with financing volumes estimated to be worth around US$ 2.5 Trillion.
While demand comes primarily from the world’s Muslim economies, Islamic finance is not restricted to the Middle East and the Far East alone – its reach is global. With an estimated annual growth rate of 10%−15%, Islamic finance is an increasingly important market.
Such significance is underpinned by the fact that ten of the world’s 25 fastest-growing markets are in Muslim-majority countries.
Generally known is that sharia-compliance finance prohibits acceptance of specific interest or fees for loans of money (known as riba, or usury), whether the payment is fixed or floating. The basic idea, that the interim financier, e.g. the trade finance bank, becomes a temporary owner of the goods that it finances has attracted a lot of interest but also heated discussions. This “temporary ownership” issue also necessitates a number of specific additional rules e.g. for a “Letter of Credit” under Islamic trade finance.
As always participants can look forward to a highly practical day with the most esteemed experts detailing everything that one needs to know about sharia compliant trade finance instruments.
CDCS/CSDG: earn 6 PDUs towards recertification
Case studies for not only LC specialist but also Bank Guarantee experts to discuss their challenges with our their fellow colleagues. The day is designed to foster mutual understanding among the different specialist and will further address the corporates’ perspective on trade finance instruments.
As usual, difficult and exceptional cases are presented from the bankers, commodity traders, forwarders and insurance point of view. Send your own cases – anonymously if you like - to be analysed and discussed to e.treu(at)icc-austria.org.
Our case study session became increasingly popular over the recent years, so please kindly note that submission will be handled on a first come, first serve basis. Do not miss the chance to have your case discussed and hand it in early.
CDCS/CSDG: earn 6 PDUs towards recertification
In difficult times and for new markets the demand for letters of credit increases. Do not miss this excellent opportunity to get insight from your peers in other countries as well as from the experts responsible for drafting the opinions and/or revision of the rules itself.
We will look at recent data form the ICC global survey 2016 and delve into digital trends and technology by exploring BlockChain and the MT 798 and FileAct from a corporate’s perspective. Our educational sessions will address the ever debated typo versus discrepancy issue, as well as Stand-by LC as payment instruments and the essentials of reimbursement requests. This year’s country issue deals with India and as always we will talk about the latest developments in Sanctions and Basel V.
CDCS/CSDG: earn 12 PDUs towards recertification
For sponsorship and/or partnership opportunities please contact Eleonore Treu (e.treu@icc-austria.org)
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