Trade Finance Conference Prague 2022

Two days International Workshops on Trade finance operations with special focus on Documentary Credits and Demand Bank Guarantees.

Practical workshop on international best practices in Documentary Credits, explaining current developments and issues related to interpretation of UCP 600 and revised ISBP 745E - the ICC rules for Documentary Credits.

Workshop will also focus on new developments in international Bank Guarantees with particular emphasize on implementation of URDG 758 - ICC Rules for demand guarantees as supplemenetd by a new ICC Publication. ISDGP - International Standard Demand Guarantee Practice. Significant time will be devoted to operational issues, practical case studies, examples and open discussions on the topics covered.

Many other topics would be also covered, such as information about new development in the digitalization of trade finance and corresponding revisions of ICC rules.

Lunch and coffee breaks will be provided during the Conference.

Seminar Language - English with no translation!

During the conference, all current hygiene regulations will be observed.

Program of the Fifth Conference, First Day - Thursday 13 October 2022

Topics: Documentary Credits, Demand Guarantees: laws, rules and practices, Questions & Answer

08:30 - 09:00 Registration

09:00 - 09:15 Welcome and Opening of the Conference Representative(s) of ICC CR

09:15 - 10:00 Trade Finance - update

• News from ICC Banking Commission: report on progress in digitalization
• MLETR - electronic bill of lading, ICC Rules for digital presentations
• New ICC book on demand guarantees: ISDGP

Speaker: Pavel Andrle

10:00 - 11:10 Documentary Credits Update, Rules & Practices

• Recent ICC Banking Commission Opinions
• ICC Banking Commisison papers on Covid-19
• Recent Position Papers and other documents of ICC Banking Commission
• Trade Advisory Briefings
• Questions and Answers

Speaker: Kim Sindberg
Panelists: Radek Dobáš, Pavel Andrle

11:10 - 11:30 Tea / Coffee Break

11:30 - 12:30 Documentary Credits Update, Rules & Practices

• Interesting practical issues and cases in Documentary Credits
• Questions and Answers

Speaker: Kim Sindberg
Panelists: Radek Dobáš, Pavel Andrle

12:30 - 13:30 Lunch

13:30 - 14:40 Demand Guarantees - ISDGP - new ICC book on Demand Guarantee practices

• The most important and practical provisions of ISDGP
• Questions and Answers

Speaker: Andrea Hauptmann
Panelists: Pavel Andrle

14:40 - 15:00 Tea / Coffee Break

15:00 - 16:00 ISDGP - Debate on Selected Topics

• Issuance of Guarantees
• Counter Guarantee - Guarantee - Relationship
• Provisional orders - injunctions
• Questions and Answers

Speakers: Andrea Hauptmann, Pavel Andrle

16:00 - 16:30 Remaining Questions and Answers

16:30 Closing remarks

Program of the Fifth Conference, Second Day - Friday 14 October 2022

Topic: Compliance in the area of Documentary Credits and Demand Guarantees, Case Studies, Questions & Answers

09:00 - 09:05 Welcome and Opening of the Second Day of the Conference Representatives of ICC CR

09:05 - 10:00 Trade Finance Compliance

• Financial Crime Compliance in Trade Finance - main areas of concern
• Onboarding, KYC, CDD, AML, verification of true beneficiaries, trade finance transaction oversight, etc.
• Where the biggest risks for banks are?

Speaker: Matěj Szunyog

10:00 - 11:10 Trade Finance Compliance

• Sanctions regarding the ongoing war in Ukraine, sanctions on Russian, Belarusian entities, the scope and impact
• How to deal with the sanctions - practical scenarios

Speaker: Matěj Szunyog

11:10 - 11:30 Tea / Coffee Break

11:30 - 12:30 Documentary Credits - Case Studies

• Interesting practical cases on Documentary Credits
• Questions and Answers

Speaker: Radek Dobáš
Panelists: Kim Sindberg, Pavel Andrle

12:30 - 13:30 Lunch

13:30 - 15:00 Demand Guarantees - Case Studies

• Interesting court cases on Demand Guarantees
• Questions and Answers

Speaker: Andrea Hauptmann
Panelists: Pavel Andrle

15:00 Closing remarks

Invited Speakers:

 Mr. Pavel Andrle

Pavel is well known international trade and finance consultant anlecturer. He has worked for a number of leading local and international banks in various positions (e.g. as trade finance specialist, head of trade finance, trade finance risk manager, in-house trainer. He is the Secretary to the Banking Commission of ICC Czech Republic which he regularly represents at the ICC Banking Commission meetings abroad. He chaired the working groups of ICC CR which revised translations of UCP 500, UCP 600, eUCP, ISP98, URDG 758, ISDGP and other Banking Commission documents into Czech language. He has been deeply involved in the revision of UCP as a member of UCP 600 Consulting group being formed by over forty experts from all over the world. Nowadays, he is also a member of ICC Task Force on Guarantees, also a member of the Global Supply Chain Finance Forum (formerly he was member of the Task Force for Forfaiting). In years 2010-2011 he also served as a member of the ICC Banking Commission Group of Experts which drafted the official ICC Banking Commission Opinions on ICC Rules.

 Mr. Kim Sindberg

Kim is an international Trade Finance expert. He is Executive Adviser at Nordea and the founder of Sindberg Consult. He is Technical Advisor to the ICC Banking Commission and member of various international commissions and working groups. He has served various ICC Drafting Groups such as ISBP 745 and the DOCDEX Rules. He is accredited as DOCDEX expert. He is ”Editor in Chief” for the electronic newsletter “Trade Services Update”. Together with Ravi Mehta he created the LC portal www.lcviews.com. He has published several books on Trade Finance and contribute on a regular basis to international magazines and websites with comments and articles. His articles have been translated into Vietnamese, Chinese and Turkish languages.

 Mr. Radek Dobáš

Radek holds a master's degree in Economics (1995; major in International Trade) from the University of Economics, Praha, Czech Republic. In 1995 he started his professional career in the International Department of Creditanstalt, a.s. (later Bank Austria Creditanstalt, a.s.) in Praha as a documentary business specialist and in 1999 he was appointed head of the documentary business team. He then joined Česká spořitelna, a.s. in 2001 to become documentary business specialist of Trade Finance Department. Except short intermezzo in structured trade finance team (2002/2003), he has been loyal to the documentary business, heading the team since 2003. Radek has been a member of the ICC Banking Commission since 2002. He participates not only in the commission's regular work (e.g., by reviewing and commenting ICC documents), but also by giving lectures and joining panels at the seminars held by ICC Czech Republic. As a part of the activities within the ICC Czech Republic he was a member of working groups engaged in translations of ICC documents into Czech language (both UCP 500 and UCP 600, and also ISP 98) and commenting the bill of the Czech Civic Code (with respect to documentary-credit and collection contracts). As a member of the ISBP Consulting Group he actively took part in the ISBP revision resulting in Publication 745. Since 2004 he has been a member of DOCDEX Group of Experts within ICC Dispute Resolution Services.

 Mrs. Andrea Hauptmann

Andrea studied Law at the University Vienna and International Economics at the University of Economics in Vienna, graduated in Law in 1984, followed by a post-graduate semester in Cambridge, UK Working for Raiffeisen from 1984 (former named GZB; later RZB) till 2021 Starting in the Documentary Department (Import/Export LCs), since 1988 responsible for foreign guarantees, after merger with the domestic guarantees in 1999 Head of Guarantees Department until 2017. From 2017 till 2021 Senior Global Consultant on Trade Finance for the Raiffeisen Group

• Founder Member of the ICC Guarantee Task Force
• Member of the URDG Drafting Group
• Chair of the ICC Guarantee Task Force since 2012
• Former member of the Executive Committee of the ICC Banking Commission

Mr. Matěj Szunyog

Matej completed his Bachelor’s Degree in Humanities from Charles University in 2015 and then obtained his Master’s degree in International Relations at the College of International and Public Relations in 2017. Straight after his studies, he started working within the AML and International Sanctions Department at Česká Spořitelna, biggest Czech bank, where he has worked ever since. Mr. Szunyog’s main area of expertise is in international sanctions, specifically implementing rules, procedures, and guidelines for Česká Spořitelna to follow. He ensures that the bank is fully compliant with sanction regulations, most recently, with all applicable sanctions with respect to Russia and Belarus. As a senior member of the AML unit, Mr. Szunyog takes part in other areas of the business, such as client onboarding, KYC (Know Your Customer) procedures, customer due diligence, and employee training.

Event registration fees:

11.900,- Kč (incl. 21 %VAT) per person

499 € (incl. 21 %VAT) per person

• Standard discounts applicable for members off the ICC Czech Republic.
• Registration for the event is binding, no refund.

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