The Uniform Rules for Digital Trade Transactions came into force from 1 October 2021. These Rules are designed to support an overarching framework outlining obligations, rules, and standards for the digitalisation of trade transactions.
The Rules are radically different to any other rules previously published by the International Chamber of Commerce (ICC). Not only is this the first set of Rules designed to govern transactions in an entirely digitalised environment, but it is also the first set of Rules designed to recognise the role of the corporate as well as the role of the growing number of non-bank service providers who are increasingly active in this space.
During this one-hour session, members of the URDTT drafting groupDavid Hennah, Co-chair of the URDTT drafting group along with David Meynell, Senior Technical Advisor, ICC Banking Commission and John Bugeja, Managing Director, Trade Advisory Networkwill talk us through:
Why is there a need for the URDTT?
What is the relationship between URBPO, eUCP and URDTT?
How will the URDTT be applied in practice?
What is the key content of the URDTT?
Who should attend?
General practitioners working in corporates, financial institutions and fintechs with an interest in trade and supply chain finance.
Date and Venue
Date: 27 January 2022 Time: 07.00 (New York) I 13.00 (Paris) I 20.00 (Singapore) Live Duration: 1 hour (followed by 15 minutes Q&A) Location: ICC Academy’s Online Classroom (Zoom)
Introduction to the NEW Uniform Rules for Digital Trade Transactions (URDTT) Session 1: Introduction to the session
Session 2: Background context (including reference to UNCITRAL’s MLETR, legal changes in UK, ITFA’s DNI and other digitisation initiatives)
Session 3: URDTT presentation to cover: Evolution of trade finance, technological developments, regulatory environment, background to URDTT, key principles and concepts and URDTT in practice
Session 4: Q&A (15 minutes)
Members of the URDTT working group
David Hennah, Global Head of Trade and Supply Chain Finance, Intellect Design Arena
has spent more than 25 years with Barclays, including stints abroad in France, Belgium and Germany, eventually specialising in payments and cash management. After leaving the bank he joined ICL/Fujitsu Services as Managing Consultant in financial services. He later joined Misys before moving on to SWIFT where he drove supply chain strategy, which eventually resulted in the launch of the ICC Bank Payment Obligation. He is the author of the ICC Guide to the URBPO. After leaving SWIFT, he re-joined Misys (later Finastra), playing an instrumental role in the launch of the World Trade Symposium and World Trade Board, which he co-chaired for two years. Most recently he has also acted as co-chair of the ICC Drafting Group for URDTT.
David Meynell, Senior Technical Advisor, ICC Banking Commission
is the founder of TradeLC Advisory, an advisory and consultancy service, and the co-owner of www.tradefinance.training, an online training platform for all aspects of trade finance. He previously worked for Deutsche Bank for over 30 years in a number of international locations, culminating as Global Head Trade Product Management for Financial Institutions. David is Senior Technical Advisor for the ICC Banking Commission and former Chief Examiner for the Certificate in International Trade Finance (CITF®).
John Bugeja, Managing Director, Trade Advisory Network Ltd
is a highly experienced trade, supply chain and invoice finance specialist with more than 40 years’ experience in senior leadership roles with HSBC, NatWest, RBS, Barclays and Lloyds Banking Group. Now Managing Director of Trade Advisory Network Limited, an advisory network specialising in the strategic development of global supply chain, trade and invoice finance. Trade Advisory Network Limited works with financial organisations, corporates and industry bodies to ensure optimal benefits realisation. Key areas of expertise include origination, risk and governance, product management and development, business development, organisation design, change management, process facilitation, training and management development.
Date and Venue
Date: 27 January 2022 Time: 07.00 (New York) I 13.00 (Paris) I 20.00 (Singapore) Live Duration: 1 hour (followed by 15 minutes Q&A) Location: ICC Academy’s Online Classroom (Zoom)
Disclaimer:Your personal information will be collected by ICC Academy in accordance with the privacy policy. It is our responsibility to protect your privacy and we guarantee that your data will be kept confidential and will NOT be shared outside of ICC Academy. When you click to register for the webinar above, you leave the ICC Academy website and proceed to the registration via Zoom.
By clicking the “Register Here” link, you accept our terms and conditions, as well as our privacy policy, and agree to receive the ICC Academy newsletter. You can opt-out at any time by clicking “unsubscribe” at the end of any email.
