Guide to ICC Uniform Rules for Demand Guarantees URDG 758 2nd ed

The first edition of this Guide was widely acclaimed. This substantially revised and expanded volume is equally indispensable for bankers, businesses, lawyers and bank supervisors.

This edition addresses many more issues and updated references to a substantial volume of ICC materials including:

• the ground-breaking International Standard Demand Guarantee Practice (ISDGP),
• Opinions of the ICC Banking Commission,
• DOCDEX decisions,
• reflections of the Task Force on Guarantees,
• Technical Advisory Briefings issued by the Technical Advisors to the ICC Banking Commission, and
• ICC Guidance Papers.

Chapters have been added to reflect new preoccupations in the international guarantee business and new policy decisions issued by the ICC Banking Commission on rules and practices that are common to the UCP and the URDG.

The stage-by-stage analysis of the life cycle of a typical demand guarantee followed by an article-by-article commentary on the URDG and the ISDGP are included in this volume.

The enriched alphabetical index will enable readers to pinpoint the paragraph where a particular issue is discussed.

This is the only Guide which has been drafted by the authors of the rules themselves. A must-have!