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Benefits of ICC membership for financial services firms , insurance companies and banks


Information

The ICC is a key source of information on regulatory and technical developments in financial services world-wide:

- Letters of credit : The ICC is the author of the Uniform Customs and Practice for Documentary Credit, supplemented with books , pamphlets, seminars and lectures.
- ICC Publishing has recently added a regular newsletter on documentary credits, Documentary Credits Insight, to track the latest letter of credit developments.
- Demand guarantees, performance bonds and surety bonds: The ICC is the author of rules covering the full range of international security instruments.
- International aspects of payments systems ;An international working group meets regularly to track developments in payment systems. It is also developing a directory of policy making institutions in this area as well as standard glossary of payment systems terminology.
- Cross border institutional fund management: The ICC has developed a study of the principal regulatory constraints on international portfolio management
- International netting agreements ; The ICC is studying ways of establishing a sufficiently solid legal and contractual framework to enable parties to reduce counterpart risk in financial instruments by netting replacement values.
- ICC Uniform Rules for Collections and Bank-to-Bank Reimbursements: standard rules for banking practice.
- Environmental Liability and insurance : The ICC closely monitors the development of insurance /environment legislation, issuing papers on topics such as the US superfund re-authorisation debate.

Professional training and business contracts:


The ICC provides an excellent forum for meeting specialists and experts in a particular area of interest , and for developing professional skills and contracts. Top names in the financial services industry are regularly invited to Commission meetings, keeping members in touch with legislative developments.

ICC Commissions and working parties


ICC Commissions are international committees of top business, legal and academic professionals. They provides an unparalleled opportunity for obtaining information directly from specialists in crucial areas of Legislation.

The ICC has two policy commissions in the financial services sector, on Financial Services and Insurance, and Banking Technique and Practice.
ICC working parties provide a valuable learning experience for participants, and are used by firms as part of personnel development plans. Members of working parties participate in small, international groups to accomplish a specific legal , policy or technical objective. ICC working party participants obtain insights and information from an international cross-section of colleagues.

Lobbying and policy development


The ICC is one of the worlds foremost business lobbying institutions. By associating your organisations legislative efforts with the ICC 's you gain a powerful ally and the added weight of an established international body.

- The ICC has official consultative status with the UN and UN specialist agencies dealing with economic , financial and trade issues. Regular meetings are organised with UN officials dealing with trade and economic issues
- maintain a close working relationship with the world trade organisation (WTO)
- Briefs the host government leader at annual G8 summit meetings on the most pressing concerns of the global business community
- Prepares position statements to lobby the European Commission and the European Parliament
- Meets regularly with top officials at the World Bank and International Monetary Fund to discuss issues of common concern

ICC publishing SA The ICC's own publishing house issues many titles of direct interest to the financial services sector. All currant ICC publications are available from ICC United Kingdom.
For more information, please contact:
ICC United Kingdom
12 Grosvenor Place
London SW1X 7HH
Tel: 020 7838 9363
Fax: 020 7235 5447
Email: katharinededezade@iccorg.co.uk

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