ICC Banking Commission

The ICC Banking Commission is a global body that develops and promotes standardized rules and practices for international banking and trade finance. Its goal is to facilitate secure, efficient, and predictable cross-border transactions by establishing consistent guidelines, such as those for letters of credit and guarantees. This helps banks, businesses, and traders around the world communicate and operate smoothly, reducing misunderstandings and financial risks in international trade. The commission's work fosters trust and stability in the global trade ecosystem by providing a common framework for complex financial transactions.