Conference program

Master-class and conference

October 11-12, 2017

Documentary credit: hot topics of practice and evolving use in digital environment

Raiffeisenbank Conference Hall, 28, Smolenskaya-Sennaya square, 5 fl.

Day 1. Gary Collyer Master-class

9:15–10:00         Registration. Welcome coffee  
10:00–10:15 Opening remarks:
Tatiana Monaghan, Secretary General, ICC Russia

Tatiana Ivashkova, Executive Director, Head of Documentary Business and Trade Finance Department, Raiffeisenbank

10:15–11:30 Session I

  • Analysis of the results of the ICC Global Trade Survey 2017.
  • What is the future for documentary credits and documentary collections?
  • The role of Incoterms® in trade finance and the planned revision for 2020.
  • Whatever happened to eUCP?
  • Does the Bank Payment Obligation (BPO) have a role to play?
  • Blockchain and IOT: will there be greater success in implementing digital enhancements to trade finance?
  • The ICC position regarding a revision of UCP 600.
  • The changes in a current paper-driven trade finance environment. 
Speaker: 
Gary Collyer, former ICC Banking Commission Senior Technical Adviser, Collyer Consulting Ltd

11:30–12:00 Coffee-break
12:00–13:30 Session II
 
  • Case studies and questions that focus on the issues banks are facing today.
  • Documentary credit issues relating to:
    • Issuance and amendments;
    • advising and confirmation;
    • document examination;
    • refusal of documents;
    • honour or negotiation.
  • Associated LC products.
  • Issues relating to Documentary Collections and Bank Guarantees.
Speaker: 
Gary Collyer, former ICC Banking Commission Senior Technical Adviser, Collyer Consulting Ltd
13:30–14:30 Lunch break
14:30–16:00 Session III
 
  • A review of important ICC Opinions that have been issued over the last few years.
  • Do banks need to change their approach?
  • Do banks need to change their application forms or style of communication?
Q & A

Speaker: 
Gary Collyer, former ICC Banking Commission Senior Technical Adviser, Collyer Consulting Ltd
16:00-16:15 Coffee-break
16:15-17:30 Session IV. State courts and international arbitration practice in respect of disputes related to documentary credits
 

Moderator: Vladimir Khvalei, Baker McKenzie CIS

Speakers:

Pavel Bulatov, White&Case

Yuri Makhonin, Dechert Russia LLC
17:30 Close of the Day 1
 

Day 2. Conference

9:15–10:00 Welcome coffee
10:00 – 11:30 Session I. Russian law amendments related to documentary credits and the problem of discounting in Russia
  Moderator: Anna Okuneva, Gazprombank
Speakers:
Gary Collyer, ICC Banking Commission Technical Adviser, Collyer Consulting Ltd
Roman Bevzenko, Pepeliaev Group
Irina Babenko, Chief Representative in Moscow, London Forfaiting Company Ltd.
Alexey Maslov, Raifeisenbank
Tatiana Shalashnikova, Roseximbank

Topics for discussion:
  • Russian law amendments valid from 2018 related to documentary credits and escrow accounts.
  • Will the escrow account be alternative to the documentary credit in Russian domestic practice?
  • International practice of discounting: case studies.
  • The problems of discounting in Russia in the respect to local foreign exchange laws.
  • Forfeiting opportunities and prospects in Russia.
11:30 – 12:00 Coffee-break
12:00 – 13:30 Session II. Main trends and prospects in the international practice of digital technologies use in trade finance
      Moderator: Elvira Shakirova, Bank VTB
Speakers:
Gary Collyer, ICC Banking Commission Technical Adviser, Collyer Consulting Ltd
SWIFT representative

Panel discussion:
Andrey Shamraev, Bank of Russia

Topics for discussion:
  • The evolving use of electronic documents through platforms offered by IT-companies (Bolero and essDOCs as an example).
  • BPO: what banks should offer to their clients?
  • The practical and technical aspects of BPO use in trade finance.
  • New trade finance instruments: regulating issues.
  • Russian language edition of URBPO 750: coming soon.
13:30 – 14:30 Lunch break
14:30 – 16:00 Round table. Trade finance digitalization in Russia
  Moderator: Dina Merkulova, Alfa-bank
Speakers:
Victoria Guzevataya, Bank VTB
Tatiana Ivashkova, Raiffeisenbank
Sergey Polikanov, Sberbank
Russian financial authorities representatives
Rustem Khairetdinov, Vice-President at Infowatch group of companies

Topics for discussion:
  • The ICC Russia Task Force on blockchain use in trade finance.
  • Blockchain technology in trade finance: prospect, opportunities and pilot projects of Russian banks.
  • Digital technologies implementation to the documentary and guarantee business: major challenges and obstacles
16:00 – 16:15 Coffee-break
16:15 – 17:30 Round table. Trade finance digitalization in Russia (continue)
  Moderator: Dina Merkulova, Alfa-bank
Speakers:
Victoria Guzevataya, Bank VTB
Tatiana Ivashkova, Raiffeisenbank
Sergey Polikanov, Sberbank
Russian financial authorities representatives
Rustem Khairetdinov, Vice-President at Infowatch group of companies

Topics for discussion:
  • Regulatory issues in electronic workflow.
  • E-documents legal status.
  • Providing Information security to trade finance in digital environment.
  • The issues of interaction between Russian banking and international banking communities.
17:30 Conference conclusion: ICC Russia