ICC Webinar ‘Digitalization in Trade Finance’ Wednesday 16 February 2022, 14.30- 17.30 hrs., online.

In order to promote supply-chain efficiency and transparency, digital networks will need to facilitate trade finance. According to the ICC 2020 Global Trade Survey on Trade Finance, trade finance is in a state of global uncertainty. While many banks surveyed expressed concern over pandemic-related declines in trade flows and revenues, the survey also found that lockdowns and remote working are hastening the shift to digital solutions in trade, including blockchain. In response, the ICC published its Uniform Rules for Digital Trade Transactions (URDTT) last October, which will serve as an overarching framework for a future, fully digital, trade environment. Against a backdrop of increasing digitization of financial and commercial services, trade finance has been relatively slow to modernize. Harmonisation of trade finance by using digital platforms has started but a systems change within the industry is essential. Supply-chain collaboration regarding trade finance will become more and more important  for future trade finance while the digital solutions will provide for a safer infrastructure that will aid banks and help them evolve and improve their practices.

This webinar discusses the continuing impact of digitalization in trade finance. In order to promote supply-chain efficiency and transparency, digital networks will need to facilitate trade finance. The experts will compare transformative technologies like blockchain, increased use of electronic documents and online trade platforms. To what extent will digital platforms alleviate existing risks in trade finance? What are the consequences in trade finance of initiatives like blockchain, BPO and URDTT? How will a completely digital process simplify transactions and reduce costs for all parties? These and many other questions will be addressed.

Learning goals
• Find out how the future will handle electronic trade documents and blockchain
• Understand the future of Bank Payment Obligations and Electronic Documents
• Gain insight in the URDTT, which are high-level structure outlining rules, obligations, and standards for the digitalisation of trade transactions
• Learn how digital plaforms will result in more efficient and secure transactions
• Benefit from the analysis of actual cases and real life examples from the experts

• Achraf Abourida, Head of Trade Products, ING Bank, Amsterdam
• Hugo Verschoren, Trade Finance Specialist, goVer Trade Technologies BV, Antwerp
• David Meynell, Independent Trade Consultant, TradeLC Advisory, ICC Banking Commission Finance for Development, London

Preliminary programme


Digital platform opens


Welcome and introduction
By ICC Netherlands


Understanding Bank Payment Obligations and Understanding Electronic Documents
By Hugo Verschoren

Insight into the Uniform Rules for Digital Trade Transactions (URDTT)
By David Meynell


Blockchain and Trade Finance: How it works
By Achraf Abourida


Panel discussion and Q & A 



Target audience
Trade finance managers, export and import managers, in-house counsel, attorneys, lawyers, legal and compliance managers and banking managers.

After the webinar it is possible to request a certificate of participation in order to receive a ‘PDU-point.’ Upon receiving a passing grade for a short quiz you will receive the certificate. To request the quiz, please send an e-mail message to smits@icc.nl.

Registration fees
For ICC members: EUR 250,- (excluding VAT/BTW)
For non-ICC members: EUR 375,- (excluding VAT/BTW)
Participants need to pay in full by Monday 14 February 2022.

Registration for this paid webinar is mandatory. The cancellation of participation must be in writing and is possible free of charge up to Wednesday 9 February 2022. In case of no-show or cancellation on Wednesday 9 February 2022 or later, the entire webinar price plus VAT/ BTW is due. For questions please send an e-mail message to Pip N. Smits, Esq.: smits@icc.nl.