Michael Quinn
Managing Director
JP Morgan Global Trade Services


Eva Hampl
Director, Investment, Trade, and Financial Services
202-682-0051 or

Christopher Olsen
Policy & Program Associate, Washington
202-617-3156  or

What’s at Stake for Business

  • Business will benefit from increased efficiency and accuracy when guidelines reflect evolving practices and
  • Standardizing trade finance procedures will ensure that parties to transactions are operating under the same assumptions and will increase the likelihood of payment.
  • ICC rules and guidelines on documentary credits, UCP 600, are the most successful privately drafted rules for trade ever developed and serve as the basis of $2 trillion worth of trade transactions a year.

Current Priorities

  • Increase the efficiency and decrease the cost of international trade transactions.
  • Ensure greater clarity and understanding of current practices by promoting the adoption and integration of the ICC’s Uniform Rules for Demand Guarantees (URDG), as well as the Uniform Customs and Practice for Documentary Credits (UCP 600).
  • Develop a global set of forfaiting rules for both the primary and secondary markets.


USCIB works hand in hand with the ICC Banking Commission, the most authoritative voice in the field of trade finance, and works to overhaul the rules in a number of different fields such as international standard banking practice and forfaiting.  The ICC Banking Commission also covers work in the following areas:

  • Traditional Trade Services
  • Open Account and Supply Chain Financing
  • Global Regulation
  • Legal and Compliance Issues
  • Risk and Asset Management

Recent Advocacy Engagement

USCIB works through the ICC Banking Commission to produce universally accepted rules and guidelines for international banking practice and helps policymakers and standard-setters put programs and regulations in place that enhance business practices around the world. USCIB also:

  • Facilitates the rapid settlement of disputes arising in banking by working through the ICC Banking Commission to administer the ICC Rules for Documentary Instruments Dispute Resolution Expertise (DOCDEX).
  • Responds to member inquiries regarding suspected cases of attempted financial fraud using falsified or illegitimate financial instruments or banking practices.
  • Ensured that U.S. opinions were reflected in the ICC Banking Commission’s global surveys on trade finance and that the U.S. opinions on Capital and Liquidity guidelines are reflected in the ICC Banking Commission’s white papers and other advocacy initiatives.

Who We Are

The USCIB Banking Committee is composed of USCIB member companies representing a range of business and industry sectors. Advocacy priorities are determined that reflect consensus among the members.


The Committee promotes the standardization of international banking and commercial practices and procedures.  Members of the USCIB Banking Committee are eligible to participate in the ICC Banking Commission, the preeminent global forum and rule-making body for the international trade finance community.

Positions and Statements

USCIB Gives Feedback on OECD New Approach to Economic Challenges Project (1/22/2015) - Authors of the Organization for Economic Cooperation and Development’s “New Approach to Economic Challenges” report met with USCIB and member representatives to listen to the U.S. business community’s thoughts and concerns about this wide-ranging OECD project aimed at updating the organization’s instruments and policy analyses.
Global Trade Set to Benefit From ICC Trade Register Report (6/19/2014) - It has long been anecdotally known that trade finance is a low risk for lenders. That claim now has a wealth of data to back it up. Today the International Chamber of Commerce (ICC) released its 2014 Trade Register Report, providing overwhelming evidence that trade and export finance – in all its forms – is […]

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News Stories

USCIB Weighs in With Administration on Trade Deficits (5/15/2017) - A USCIB statement addresses the issue of bilateral trade deficits, viewed by many as a marker of the health of U.S. commercial relations with a given country.
New Compliance Guide for Trade Transactions Published (1/30/2017) - The International Chamber of Commerce (ICC) Banking Commission, along with partners, the Wolfsberg Group and the Bankers Association for Finance and Trade (BAFT) recently announced the publication of a revised guidance document on Trade Finance Principles.

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Press Releases

Trade Services Uniform Rules for BPO Book Release (6/13/2013) - New York, N.Y., June 13, 2013 – Uniform Rules for Bank Payment Obligations (BPOs), a 21st-century standard in supply-chain finance that will facilitate international trade, is now available at the USCIB International Bookstore. These new rules are set to revolutionize trade finance transactions. BPO is an irrevocable commitment made by one bank to another that […]
New Report Proves Trade Finance Is Low-Risk, Asks Regulators and G20 to Unlock Trade (10/26/2011) - Beijing and New York, N.Y., October 26, 2011 –The rules set by bank regulators impose unwarranted capital requirements that choke trade and have adverse impacts on growth. A new report issued today by the International Chamber of Commerce (ICC) shows that trade finance is a relatively low-risk asset class that should not be feared by banks, nor over regulated by governments, according to ICC’s American national committee, the United States Council for International Business (USCIB).

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Op-Eds and Speeches

SMEs Face Significant Financing Gap (7/22/2013) - Speaking at the World Trade Organization’s annual “aid-for-trade” review earlier this month, a representative of the International Chamber of Commerce (ICC) made a plea for added financing for cross-border trade. ICC Senior Policy Manager Thierry Senechal said that trade finance intermediation is crucial today as it provides real-time risk mitigation, while improving liquidity and cash flow […]
The Future of Trade Finance: Outlook 2011 (5/23/2011) - As 2009 ended, we viewed the global economy – and its lifeblood, trade – through the prism of cautious optimism. The limited trade finance available from strong providers had been supplemented by central banks and international finance organizations. To keep the wheels of commerce turning, central banks had also injected liquidity into local economies and assisted in deleveraging bloated balance sheets. In markets where local action was weak or nonexistent, massive trade finance initiatives by various regional and global development banks had delivered much-needed liquidity. For all these reasons, we saw 2010 as the year in which the global economy would  receive a strong push along its road to recovery.

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Staff Contact:   Eva Hampl

Senior Director, Investment, Trade and Financial Services
Tel: 202.682.0051

Eva Hampl coordinates USCIB work on investment and financial policy issues. She is responsible for issues management, policy development, secretariat support to relevant USCIB committees and participating in membership development activities. Before joining USCIB in 2014, Hampl completed a GE fellowship in its Global Government Affairs and Policy division. Prior to her fellowship she served as a trade associate with the U.S. Senate Committee on Finance.
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