ICC produces universally accepted rules and guidelines that help business, particularly small- and medium-sized companies (SMEs), access the financing they need to grow.

Banks and other financial institutions help companies engage in world trade, mitigating risks so that goods and services can flow across the globe in a smooth and secure manner. Trade finance is especially crucial for small- and medium-sized enterprises (SMEs), which may lack the resources to advance the necessary funds to import or export valuable goods on their own.

In order to ensure that companies are able to access the financing they need and level the playing field worldwide, ICC produces voluntary rules and guidelines for issues, such as documentary credits, forfaiting, demand guarantees, bank payment obligation and dispute resolution.

In providing this common framework, ICC allows companies and governments around the world to speak the same regulatory language without burdening banks with red tape that could keep them from financing valuable trade opportunities.

Bringing trade finance experts from over 70 countries together, ICC also serves as a forum for those who seek to develop common strategies and standards to free up financing for SMEs, especially in developing countries and emerging markets.

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History

In 1919, in the aftermath of World War I, the world desperately needed to rebuild economies and societies at a time when there was no global system of rules to govern trade, investment, finance or commercial

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Business expertise

ICC’s unrivalled understanding of business arises from the expertise of our members, most of whom are involved in international commerce. From banking regulation and global taxation to ethical marketing and climate change, the strength and legitimacy

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ICC Banking Commission

ICC Banking Commission The World’s Essential Rule-Making Body for the Banking Industry With over 600+ members from 100 countries, the commission has rightly gained the reputation of being the most authoritative voice in