ICC Rules on Forfaiting Now in Effect

7 January 2013, Paris

The ICC’s new Uniform Rules for Forfaiting (URF) came into force on 1 January 2013.

The rules have been developed in cooperation with the International Forfaiting Association (IFA) and complement other ICC uniform rules – the Uniform Customs and Practice for Documentary Credits (UCP).

Find more details here.

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global trade news, ICC uniform rules, IFA, International Forfaiting Association (IFA), UCP, Uniform Customs and Practice for Documentary Credits (UCP(, Uniform Rules for Forfaiting (URF), URF 2013

This entry was posted on January 8, 2013, 12:25 PM and is filed under Banking System, Corporate Business & Management, Financial Transactions, International Trading, International Trading Rules & Policies, Logistics & Transportation. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

#1 by Mike on January 8, 2013 - 2:57 PM

Interesting. I had never heard of “forfaiting.”

- #2 by Bogdan Marius Beleuz on January 8, 2013 - 3:05 PM
  
  I’m glad you find a new concept on my blog. Forfaiting is a form of international supply chain financing. Please find more here, for example. Thank you for visiting and comment.

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