TECHNICAL MEETING ICC BANKING COMMISSION 15-17 OCTOBER 2018

AGENDA

TBILISI, GEORGIA

TBILISI, GEORGIA 2018

Hosted BYorganised BY

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siLVer sPonsor

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iCC Banking Commission Tbilisi 2018

THE FUTURE OF TRADE FINANCE: TRADITIONAL, TECHNOLOGICAL AND TRANSFORMATIONAL

AGENDA

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AGENDA

2 ICC BankIng CommIssIon Tbilisi 2018

▼▼ Welcome

We are delighted to host the technical meeting of the Banking Commission and to welcome you all in georgia. this is the first ever iCC event of such importance to be held in our country and we are proud of it, being a comparatively new member of the big iCC family.

georgian economy and specially its banking sector have been, in the recent years, an example of fast growth and development, in the region and well beyond.

We do consider that the coming meeting will give a strong impetus to the whole of banking sector activities worldwide and address the challenges still faced by the sector.

many of you will discover georgia for the first time and i am confident that yet again, many of you will come to appreciate its natural beauty, its culture, its hospitality.

once again, i would like to extend our warmest welcome to all participants and wish a successful and productive work.

FadY asLY cHAirmAn, icc GeorGiA

3Technical MeeTing 15-17 OcTOber 2018

AGENDA

▼▼ Welcome

it is my very great pleasure to welcome delegates to the iCC Banking Commission’s 2018 technical meeting, to be held in tbilisi, georgia, from 15‑17 october.

those of you that have attended iCC events in the past may have heard me talk about the “new normal of uncertainty” when referring to the geo‑political landscape. But the banking industry’s response and flexibility to these tensions has also now become normalised – it is very much “business as usual” – so this week i look forward to discussing something else: change.

there are a number of transformations underway in global trade finance, as evidenced by this year’s iCC global survey, including a focus on supply chain finance and expansion into new markets – especially into asia – and, of course, digitalisation. Here, there are huge opportunities, but it is our role to open the door to them. this means ensuring that the specific rules and guidelines that underpin over us$1 trillion of transactions each year remain relevant in the new digital age, where new processes and techniques are becoming increasingly prevalent.

the key to ensuring this? Collaboration. trade is multi‑faceted, spanning multiple countries and parties, which means that we must come together, and include as many different voices in the conversation as possible.

With the need for progress, collaboration and re‑assessment of our rules at the top of the agenda, there is no more fitting a backdrop than tbilisi’s rose revolution square. georgia has established itself as one of the fastest‑growing economies in the Central and eastern europe region over the past 25 years of independence, with exporting a vital component of its economy, underpinned by its very successful small‑to‑medium‑sized businesses. georgia is undoubtedly a shining example of the benefits of trade in terms of employment, investment and wealth generation for all.

the two‑day programme will bring together over 250 of our industry’s brightest minds and most experienced practitioners to discuss the most important topics shaping our industry. the plenary meeting will be an opportunity to update you on iCC’s new policy strategy, discuss the progress of the Banking Commission over the past year and look at ongoing industry developments. We also have an afternoon dedicated to the Banking Commission’s official opinions on how iCC rules are to be used in specific trade finance situations.

We value our members’ input on Banking Commission proposals, as well as their views on trade finance development. the technical meeting provides an opportunity to come together and discuss broader industry progress, challenges, innovations and techniques, all of which will further develop the market as a whole.

We thank you for your participation and continuous support in advancing the mission of the iCC Banking Commission, and look forward to welcoming you in tbilisi.

danieL sCHmandcHAir, icc bAnkinG commission And GlobAl HeAd of TrAde finAnce, deuTscHe bAnk

4 ICC BankIng CommIssIon Tbilisi 2018

▼▼ AGendA

mondAy 15 ocTober

9:00-19:00

Task force & Working Group meetings(restricted to group members, for further details see pages 7 and 8)

TuesdAy 16 ocTober

9:00-19:00

Task force & Working Group meetings(restricted to group members, for further details see pages 7 and 8)

WednesdAy 17 ocTober

8:00-9:00

registration

9:00-9:15

opening remarks> olivier paul, Head of Policy, ICC Banking Commission > David Tsiklauri, Chair ICC Banking Commission Georgia > fady Asly, Chairman, ICC Georgia

Venue: Radisson Blu

Venue: Radisson Blu

plenAry meeTinG(open to all participants) Venue: Radisson Blu

9:15– 9:45

HiGHliGHT | Georgia: Transforming Technology > > Vincent o’brien, Member, ICC Banking Commission Executive Committee

> > Vlad radysh, Government Relations Director, CIS Region, Bitfury Georgia

* 1 Rose Revolution Square,Tbilisi, Georgia

AGendA

5

AGendA

teCHniCaL meeting 15‑17 oCtoBer 2018

9:45-10:15

icc banking commission news and updatesJoin us for an overview of the current priorities of the iCC Banking Commission and a summary of the Commission’s strategic direction.

> Alexander malaket, Deputy Head, ICC Banking Commission Executive Committee

> Ana kavtaradze, Member, ICC Banking Commission Executive Committee and Co-chair, Outreach Initiative

> olivier paul, Head of Policy, ICC Banking Commission

> ruediger Geis, Member, ICC Banking Commission Executive Committee and Chair, Successors in Trade

11:00-13:00

reports from icc banking commission work streams on progress to datea. update from the iCC trade register by krishnan ramadurai, Chairb. update from the market intelligence task Force by alexander malaket, Chairc. update from the sustainable trade Finance group by ruediger geis, Chaird. update from the digitalisation Working group by david Bischof, senior Policy manager, iCC

Banking Commissione. update from the regulatory advocacy group by Henri d’ambrières, Chairf. update from the Financial Crime risk and Policy group by graham Baldock and graham Finding,

Co‑chairsg. update from the task Force on guarantees by andrea Hauptmann, Chairh. update from the export Finance group by Henri d’ambrièresi. update from the Wolfsberg Principles guidance drafting group by Christian Hausherrj. update from the Legal Committee by marco tagliaferri, member of the Legal Committeek. update from the task Force on Forfaiting by sean edwards, Chairl. update from the supply Chain Finance Forum by Christian Hausherr, Chair

14:00-14:20

survey report on the legal status of electronic bills of lading

Presented by: stephen Tricks, Consultant, Clyde & Co LLP.

10:30-11:00

Coffee Break

Update from the Standard Banking Practices for Demand Guarantees Group by Glenn Ransier

13:00-14:00

Networking Lunch hosted by GTR and China Systems Venue: Radisson Blu

10:15-10:30

iCC Roadmap towards Digital Trade in Financial Services> Presented by Chris Southworth, Secretary General, ICC United Kingdom

m.

6 ICC BankIng CommIssIon Tbilisi 2018

AGendA

14:20-15:00

documentary credit practices: controversy & Guidance Issues to be addressed:

> usage of drafts under documentary credits: is there a real need? > negotiation: do we have a common understanding?  > the future of uCP: what’s next? > discrepancy rates: why are they still so high?

Presented by: > Gabriele katz, Director, Deutsche Bank; in charge of Global Transaction Banking in Product Management for the Documentary Trade Business for Europe and MENA

> dave meynell, Senior Technical Advisor, ICC Banking Commission and Owner, TradeLC Advisory

> emile rummens, Senior Risk Manager, Group Trade Finance, KBC Bank

> John Turnbull, Chairman, Banking Committee, ICC United Kingdom and CEO, Certis International Limited

15:00-16:00

e-compatibility of icc rules update on the revision of euCP, eurC and urBPo

Presented by: > dave meynell, Senior Technical Advisor, ICC Banking Commission and Owner, TradeLC Advisory

> david Hennah, Global Head of Trade & Supply Chain Finance, Finastra

16:30-18:00

icc rules for experts: draft official opinions of the banking commission

Presented by: > dave meynell, Senior Technical Advisor, ICC Banking Commission and Owner, TradeLC Advisory

> Glenn ransier, Technical Advisor, ICC Banking Commission and Product Manager, Global Standby Letters of Credit and Demand Guarantee, Wells Fargo

> kim sindberg, Technical Advisor, ICC Banking Commission and Executive Advisor, Nordea

18:00-18:05

2019 icc banking commission Annual meeting | beijing, china

18:05-18:10

closing remarks

16:00-16:30

Coffee Break

18.10-19.30 Closing Cocktail hosted by EBRD TFP Venue: Filini Restaurant, Radisson Blu

ICC BANKING COMMISSION | 8–11 APRIL 2019

BEIJING, CHINAANNUAL MEETINGChina World Summit Wing

9:00-10:00 2reGionAl bAnkinG commission—cenTrAl eAsTern europe (cee)> Andrea Hauptmann, Chair

9:00-11:00 4e-compATibiliTy of icc rules, diGiTAlisATion sub-WorkinG Group> dave meynell, Chair

10:00-11:30 2

mArkeT inTelliGence> Alexander malaket, Chair

11:30-12:30 2

supply cHAin finAnce forum> christian Hausherr, Chair

12:00-13:30 4

successors in TrAde> ruediger Geis, Chair

12:30-13:30 2

TAsk force on forfAiTinG> sean edwards, Chair

14:00-17:30 4

icc bAnkinG commission eXecuTiVe commiTTee> olivier paul, Head, Banking Commission Executive Committee

TAsk-forcemeeTinGs*Venue:Radisson Blu

7

AGendA

teCHniCaL meeting 15‑17 oCtoBer 2018

mondAy 15 ocTober room

9:00-10:00 2 reGionAl bAnkinG commission—cenTrAl eAsTern europe (cee)

> Andrea Hauptmann, Chair

9:00-11:00 4 e-compATibiliTy of icc rules, diGiTAlisATion sub-WorkinG Group

> dave meynell, Chair

10:00-11:30 2

mArkeT inTelliGence > Alexander malaket, Chair

11:30-12:30 2

supply cHAin finAnce forum > christian Hausherr, Chair

12:00-13:30 4

successors in TrAde > ruediger Geis, Chair

414:00-17:30

ICC BANKING COMMISSION EXECUTIVE COMMITTEE> olivier paul, Head, Banking Commission Executive Committee

TAsk-force meeTinGs*Venue: Radisson Blu

* Please note that these meetingsare restricted to Task Forcemembers of specific groups.

8

AGENDA

ICC BankIng CommIssIon Tbilisi 2018

TuesdAy 16 ocTober room

9:00-12:00 4

leGAl commiTTee > marco Tagliaferri, Member of the Legal Committee

9:00-11:00 5

TecHnicAl AdVisors’ meeTinG > dave meynell, Chair

9:00-9:30 6

sTeerco - icc TrAde reGisTer > krishnan ramadurai, Chair

9:30-11:00 6

icc TrAde reGisTer > krishnan ramadurai, Chair

11:00-13:00 6

reGulATory AdVocAcy Group > Henri d’Ambrières, Chair

13:30-15:30 6

WorkinG Group on diGiTAlisATion in TrAde finAnce > david bischof, Senior Policy Manager, ICC Banking Commission

14:00-16:00 5

finAnciAl crime risk And policy Group > Graham baldock and Graham finding, Co-Chairs

14:00-18:00 4

TAsk force on GuArAnTees > Andrea Hauptmann, Chair

15:30-16:30 6

sTeerco – diGiTAlisATion in TrAde finAnce > david bischof, Senior Policy Manager, ICC Banking Commission

16:30-18:00 5

nATionAl commiTTee forum > olivier paul, Head of Policy, ICC Banking Commission

16:30-18:30 6

WorkinG Group on susTAinAble TrAde finAnce > ruediger Geis and Harriette resnick, Co-Chairs

3

AGendA

teCHniCaL meeting 15‑17 oCtoBer 2018

THe World’s essenTiAl rule-mAkinG body for THe bAnkinG indusTrytHe iCC Banking Commission is tHe WorLd’s essentiaL ruLe‑making BodY For tHe Banking industrY. WitH 80 Years oF exPerienCe and more tHan 600 memBers in +100 Countries, tHe iCC Banking Commission Has rigHtLY gained a rePutation as tHe most autHoritatiVe VoiCe in tHe FieLd oF trade FinanCe.

33‑43 aVenue du Président WiLson

75116 Paris, FranCe

WWW.iCCWBo.org

rules We produce universally accepted rules and guidelines for international banking practice. the uCP 600 are the most successful privately drafted rules for trade ever developed.

policy-mAkinG We support policy makers to translate their vision into concrete programmes and regulations to enhance business practices throughout the world.

publicATions And mArkeT inTelliGence the industry’s most reputable and reliable source of guidance to bankers and industry practitioners.

dispuTe resoluTion together with iCC’s international Centre for expertise we administer the iCC rules for documentary instruments dispute resolution expertise (doCdex).

educATion And cerTificATion iCC launched the iCC academy a professional‑education initiative aimed at setting a new standard for professional education and enhancing the expertise of practitioners across a wide range of business sectors. the iCC academy’s offering draws on the expertise of the iCC Banking Commission with a faculty in banking, including in the region of 70 online courses and three global certificates in trade finance.

speciAlised TrAininG And eVenTs in addition to its bi‑annual summits gathering 400+ international delegates, we organize regular seminars and conferences around the world.

sTrATeGic pArTnersHips Well‑established collaboration with leading policy makers and trade association, including Wto (World trade organisation), adB (asian development Bank), Berne union, eBrd (european Bank for reconstruction and development), idB (inter‑american development Bank), iFC (international Finance Corporation), imF (international monetary Fund), sWiFt, the World Bank and others.

in 2017 the iCC was granted observer status at the united nations general assembly (unga), the first time a private sector organisation has been admitted formally into the united nations system

icc bAnkinG commission