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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).
 
 
ICC Rules on Forfaiting
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Find more details here.
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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. #1 by Mike on January 8, 2013 - 2:57 PM

    Interesting. I had never heard of “forfaiting.”

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    • #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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