JOHANNESBURG 2016 ANNUAL MEETING ICC BANKING COMMISSION 4-7 APRIL 2016 TRADE AND SUPPLY CHAIN FINANCE: ENABLING NEW TRADE CORRIDORS IN AND WITH AFRICA

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1 JOHANNESBURG 2016 ANNUAL MEETING ICC BANKING COMMISSION 4-7 APRIL 2016 TRADE AND SUPPLY CHAIN FINANCE: ENABLING NEW TRADE CORRIDORS IN AND WITH AFRICA AGENDA

2 JOHANNESBURG 2016 The ICC Banking Commission meetings are the only events of their kind gathering over 400+ banking executives and government officials from more than 65 countries to rethink the future of trade finance, encourage governments, regulatory bodies and G20 leaders to remove obstacles to trade finance, and stimulate economic growth and job creation. 5 REASONS TO ATTEND Earn 12 PDUs 1. INSIGHT 2. EXCHANGE 3. INFLUENCE Gain valuable insight into the latest developments in trade finance from prominent keynote speakers, industry experts, and business and finance leaders. Exchange ideas in lively discussions specially designed to address the most topical themes in trade finance. Influence the debates through active participation, whether in the Plenary sessions (via Q&A sessions) or as participants in the breakout roundtables and panel discussions. The Annual Meeting is the most open forum to influence policy and guidelines that govern the trade finance industry. COUNTRIES TO BE REPRESENTED ICC BANKING COMMISSION JOHANNESBURG 2016

3 EVENT STATISTICS JOHANNESBURG 2016 ANNUAL MEETING ICC BANKING COMMISSION 4-7 APRIL 2016 Sandton Convention Centre, 161 Maude St, Sandton, Johannesburg, 2196, South Africa Tel LEARN Develop unique skills to enhance best practices. Keep up-to-date with the policy and regulatory changes affecting the industry through ICC s market-leading work in standard-setting, market intelligence and policy-making. 5. NETWORK Extend your sphere of influence through our network of over 600 members in more than 100 countries. Be a part of the largest and most authoritative voice in the field of trade finance. Forge high-level relationships with key influencers in business and trade finance globally. This programme will be credited 12 PDUs towards the CDCS and CSDG Recertification Course Recognition by ifs University College and 10 Credits towards the ICC Academy Accreditation programme. Delegates are responsible for their own accommodation bookings and travel arrangements. For further information on the accommodation including the list of recommended hotels, please visit the event s official website: iccwbo.org/johannesburg2016 WHO SHOULD ATTEND? FINANCIAL INSTITUTIONS (sales and client relationship managers, product managers, back office managers, risk managers) MULTILATERAL DEVELOPMENT BANKS AND EXPORT CREDIT AGENCIES GOVERNMENTAL ORGANISATIONS CORPORATES INDEPENDENT FINANCIERS We are able to dispatch visa invitation letters to support your visa application only after receipt of your registration form and full payment of your registration fees. If you are interested in our sponsorship opportunities, please contact: Luz Rodriguez, ICC Global Partnership Manager lzr@iccwbo.org INSURANCE BROKERS AND UNDERWRITERS LAWYERS AND CONSULTANTS SERVICE PROVIDERS Follow us on Use our official conference hashtag: #BCMeeting

4 SPONSORS ORGANISED BY HOSTED BY SUPPORTED BY GLOBAL PREFERRED PARTNERS INSTITUTIONAL PARTNERS University College TECHNOLOGY AND MEDIA PARTNERS ICC BANKING COMMISSION JOHANNESBURG 2016

5 A NEW GLOBAL STANDARD FOR PROFESSIONAL EDUCATION In a global economy driven by innovation and knowledge, professional education is the bedrock of business competitiveness. The ICC Academy provides rigorous and relevant training in a way that suits busy professionals. Our wide range of specialized programmes, leverage ICC s position as a world leader in defining commercial rules and standards to support international commerce.

6 WELCOME WELCOME CAS COOVADIA MANAGING DIRECTOR, THE BANKING ASSOCIATION OF SOUTH AFRICA The Banking Commission of the International Chamber of Commerce (ICC), in collaboration with The Banking Association South Africa, is pleased to invite you to the ICC Banking Commission Annual Meeting to be held in the Sandton Convention Centre (SCC) in Johannesburg, South Africa 4-7 April With more than 600 members in over 100 countries, the ICC Banking Commission has established itself as the pre-eminent global forum for trade finance. Based on input from and consultations with members across the countries, the Commission produces universally accepted rules and guidelines that govern international banking practice for trade finance. This meeting, which brings together trade experts, banking professionals, business leaders, lawyers and government officials from across the world, provides a unique platform for the exchange of ideas and discourse on the opportunities and challenges facing both the business and the banking community. As a reputable and globally recognized trade hub that has invested significantly in trade infrastructure and associated services, South Africa is an ideal meeting venue for this international meeting. Trade finance, as the backbone that supports the global movement of goods, is poised to play an increasingly important role as international trade becomes a dominant driver of cross border funds flow. This is also underscored by the continued growth of the African Region both as an importer and exporter, and the rising prominence as an alternative trade payment currency. Alongside these macro market developments is also a whole range of other issues which will need to be addressed to ensure the healthy development of the industry, such as cross border money laundering, terrorism financing, weapons of mass destruction, trade fraud, tax evasion and other irregularities which require prudential measures from the authorities and vigilance from the private sector. Unfortunately these necessary measures increase compliance costs, so efficient and reliable standardized practices that mitigate the cross border risks are essential. On the other hand, the increasing acceptance of Islamic Finance and the gradual international consensus on removing trade barriers will create new opportunities for all industry participants. Over the four days, the various plenary sessions and forums will address these and many other areas that are expected to take the Centre stage in the future development of the international trade finance industry. In addition to the formal sessions, this meeting will also be a valuable platform for informal dialogue among the fellow delegates and experts to share ideas and insights. We look forward to welcoming you in South Africa. ICC BANKING COMMISSION JOHANNESBURG 2016

7 FOREWORD FOREWORD DANIEL SCHMAND CHAIR, ICC BANKING COMMISSION AND HEAD OF TRADE FINANCE & CASH MANAGEMENT CORPORATES EMEA, DEUTSCHE BANK We are extremely excited to announce the 2016 ICC Banking Commission Annual Meeting to be held for the first time ever in Africa!, This flagship event will take place from 4-7 April 2016 at the Sandton Convention Centre in Johannesburg. Offering unparalleled networking opportunities, the 2016 Annual Meeting is expected to welcome over 400 delegates from 65 countries gathering some of the leading figures in trade finance to discuss a landscape that is full of opportunities, yet also fraught with uncertainties and turbulence. Titled Trade and Supply Chain Finance: Enabling New Trade Corridors in and with Africa, the event will feature high-level keynote and panel speakers in a series of informative and interactive plenary and breakout sessions, as well as lively roundtable discussions addressing global challenges and financing trends. In particular, the Annual Meeting will explore the significance of Africa s regional and global trade flows detailing some of the region s most exciting markets. Africa enjoys a wealth of natural resources and an increasingly significant geopolitical influence that makes it a key market of interest for the global business community, says Daniel Schmand, chair of the ICC Banking Commission. Yet much of the potential offered by Africa remains untapped largely due to a lack of knowledge about the region and how to navigate its challenges. Exploring and understanding this vast and varied landscape is vital for the growth of global business. Through this event, we aim to take advantage of the opportunities to learn more about the markets and prospects from experts on the ground and to forge and build on new and existing partnerships. On the technical side of the programme, ICC Banking Commission task forces and working groups will gather to discuss topics related to bank guarantees, financial crime risk, supply chain finance, factoring, forfaiting, legal issues and regulation. Finally, an important feature of the Annual Meetings is the Policy Consultation Forum gathering key industry leaders and senior executives of international organizations to advance discussion on the barriers to trade finance, and what measures must be taken to support the growth of small and medium-sized businesses (SMEs). We are honoured to have a distinguished group of keynote and guest speakers who will contribute their time and insight for the benefits of all delegates. We are also grateful to ICC South Africa, Standard Bank and the rest of our sponsors, whose generosity and support made this conference possible. We invite you to engage with those around you, build new relationships, and critically consider the fascinating and challenging state of the global banking industry. We look forward to welcoming you in Johannesburg. TRADE AND SUPPLY CHAIN FINANCE: ENABLING NEW TRADE CORRIDORS IN AND WITH AFRICA

8 PROGRAMME PROGRAMME AT A GLANCE VENUE: W161 Maude St, Sandton, Johannesburg, 2196, South Africa IMPORTANT NOTE: delegates will be able to switch between streams MONDAY 4 APRIL Task Force and Specialized Group Meetings TUESDAY 5 APRIL Task Force and Specialized Group Meetings Welcome Cocktail WEDNESDAY 6 APRIL Welcome Remarks PLENARY SESSION Coffee Break BREAKOUT SESSIONS Global and Regional Economies Technology and Supply Chain Finance Lunch BREAKOUT SESSIONS Risk and Risk Mitigation Development, Infrastructure and Africa Cofee Break BREAKOUT SESSIONS Risk and Risk Mitigation Development, Infrastructure and Africa Gala Dinner THURSDAY 7 APRIL PLENARY SESSION Coffee Break PLENARY SESSION Lunch BREAKOUT SESSIONS Technical Stream Financing Trade & Development: Fundaments & Infrastructure Prize Draw Closing Remarks Closing Cocktail ICC BANKING COMMISSION JOHANNESBURG 2016

9 AGENDA TR ADE TR ADE ANDAND SUPPLY SUPPLY CHAIN CHAIN FINANCE: FINANCE: ENABLING ENABLING NEWNEW TR ADE TR ADE CORRIDORS CORRIDORS IN AND IN AND WITH WITH AFRICA AFRICA 09

10 AGENDA AGENDA MONDAY 4 APRIL Venue: Sandton Convention Centre 9:00-19:00 Task Force & Specialized Group Meetings TUESDAY 5 APRIL Venue: Sandton Convention Centre 9:00-19:00 Task Force & Specialized Group Meetings 19:00-20:30 Welcome Cocktail hosted by Standard Bank WEDNESDAY 6 APRIL Day 1 PLENARY MEETING Venue: Sandton Convention Centre 8:00-9:00 REGISTRATION 9:00-9:15 Opening Remarks 9:15-9:30 KEYNOTE SPEECH: Observations on the State of Global Trade & Africa 9:30-10:00 ICC BANKING COMMISSION: News & Updates 10:00-10:30 HIGHLIGHT: Trade, Finance and Economic Value-Creation: Exploring the Linkages for Africa 10:30-11:00 Coffee Break 1 ICC BANKING COMMISSION JOHANNESBURG 2016

11 AGENDA 11:00-12:30 BREAKOUT SESSIONS Select from Stream 1 or 2 Global and Regional Economies 11:00-11:45 The Economists / Analysts Panel Leading analysts and economists provide a view of the state of the global economy and drill down to a continental and regional view of developments across Africa. Issues to be addressed Global Market Overview Africa: A Continental View Developments in Regional Integration Evolving Trade Corridors 11:45-12:30 Africa: Regional and Continental Integration and Trade Regional and continental integration its success or not will have long-term implications for the competitiveness of Africa. How are the integration programs advancing? Issues to be addressed Successes in Regional Integration Major Obstacles Priorities by Region Trade, Financing and Integration Technology / Supply Chain Finance 11:00-11:45 Trade, Finance and Technology The role of technology in international trade and trade finance is reaching a tipping point: what are some of the more notable developments, and how is the market responding? Issues to be addressed Dematerialization and international trade Data, Decisioning and Financing Managing Risk in a Technology-Intensive Environment 11:45-12:30 Supply Chain Financing: A Proposition Evolves Supply Chain Finance is the fastest-growing form of trade financing today, and has evolved to cover a wide range of structures and solutions. Market uptake likewise, is showing promise. Issues to be addressed Understanding SCF:The Programmatic View and Emerging Best Practices SCF: Affordable Financing for African SMEs Bank and Non-Bank Providers of SCF SCF and Effective Risk Mitigation Lunch hosted by Standard Bank 14:00-16:30 BREAKOUT SESSIONS Select from Stream 1 or 2 Risk & Risk Mitigation 14:00-14:45 Global Risk in Trade Financing: Status Check A candid, straight-talk presentation and consideration of the state of risk in the financing of international trade. Sovereign and Political Risk Considerations Risks for trading partners and financiers Effective Risk Mitigation Options Perception versus Reality: The Importance on in-market Risk Assessment Development, Infrastructure & Africa 14:00-14:45 International Development: The State of Play Exploring the linkages between ambitious development objectives and the role of international institutions and multilateral development banks. Issues to be addressed State of the Sustainable Development Goals The Critical Role of Financing to International Development Policy Priorities for Effective Development Innovations in Trade and Development Finance, Including Sustainable Trade Finance TRADE AND SUPPLY CHAIN FINANCE: ENABLING NEW TRADE CORRIDORS IN AND WITH AFRICA 2

12 AGENDA 14:00-16:30 BREAKOUT SESSIONS Select from Stream 1 or 2 14:45-15:30 Capital, Regulatory and Compliance Environment Capital Adequacy and Capital Cost Considerations have reshaped the global banking environment, yet there remains a serious gap in understanding about what the Basel Committee and National Regulators are looking for. Basel vs. the Banks Where are we on Trade Finance? How is Capital Adequacy and Balance Sheet Robustness impacting Trade Finance in Africa? Nuts and Bolts: How Well are Banks Implementing? 14:45-15:30 Africa Trade Flows and Corridors Intra-Africa trade flows are growing, and are strategically important for the region. Which corridors are the most promising and how is the overall context and infrastructure in enabling those flows? Issues to be addressed Overview of current and emerging trading patterns and flows Trade Facilitation Initiatives and Single Window Market Access Programs in Africa Financing and its role in enabling/limiting intra-africa trade Risk Mitigation and Affordability of Trade Financing Risk & Risk Mitigation Development, Infrastructure & Africa 15:30-16:15 Regulation, Compliance and Global De-Risking De-risking initiatives are reshaping the global landscape for trade and trade finance. What are the drivers, where are we in the process and what s next? State of De-risking Impact Assessment on Banks, Corporates and Developing Markets State of the Bank/Regulator Dialogue Looking Ahead: A New Normal? 15:30-16:15 Trade Financing: Capacity and Alternate Sources Estimates from ADB suggest that a global trade financing gap exists today in the range of US 1.9 trillion annually. Where are we on creating additional capacity for trade financing? Origination versus Distribution: Where are the Banks focused in Africa Today? Engaging the Investor Community: From Dialogue to Distribution Platforms Trade Finance as an Investment Alternative Sources and Providers of Liquidity 16:15-16:45 Coffee Break 16:45-18:30 BREAKOUT SESSIONS Select from Stream 1 or 2 Risk & Risk Mitigation 16:45-17:30 Trade Finance: ECAs, Insurers and Risk Mitigation Risk fundamentally shapes market dynamics in Africa sometimes justifiably, sometimes as a result of unchallenged perceptions. What are the most effective mitigation options? Risk Capacity: Global Constraints, Local Impact Changing the Optics of African Risk Mitigation Options and Alternatives Local Solutions by Local Experts Development, Infrastructure & Africa 16:45-17:30 Commodity Finance in Africa Commodities are both a critical source of revenue and economic value, and a trap for resource-rich markets across Africa. What is the state of play in commodity trade and finance? Financing Commodities: A Bright Spot in African Trade Finance Pricing, Speculation and the Impact on Commodity Finance and International Development Commodity Finance: On and Off-Balance Sheet Structures 3 ICC BANKING COMMISSION JOHANNESBURG 2016

13 AGENDA 16:45-18:30 BREAKOUT SESSIONS Select from Stream 1 or 2 17:30-18:30 Fraud Detection and Management Fraud can have serious impact on trade financing, including on the credibility of what is otherwise a highly secure form of financing. What are the latest developments in detection and management of fraud risk? Current practices in perpetration of fraud Industry-wide collaboration and mitigation initiatives Leading-edge fraud detection solutions and practices 17:30-18:30 Trade and the RMB: Market Update The use of the RMB as a currency of cross-border payment and as a currency of trade continues to grow apace: hear about the latest developments. Adoption of the RMB in Payments and Trade Global RMB Centres and their Impact Politics, Policy and the Growth of a non-oecd Currency Reality Check: The Fundamentals 18:30 Close of day one 20:00-22:00 Gala Dinner hosted by Standard Bank Venue: The Pavillion, Sandton Convention Centre TRADE AND SUPPLY CHAIN FINANCE: ENABLING NEW TRADE CORRIDORS IN AND WITH AFRICA 4

14 AGENDA THURSDAY 7 APRIL Day 2 PLENARY MEETING Venue: Sandton Convention Centre 9:00-9:05 Welcome Remarks 9:05-9:15 HIGHLIGHT: ICC Academy Annual Lecture The Importance of Training, Competency and Professional Accreditation in Africa and Internationally 9:15-10:00 Next Generation Trade Finance: HR Development and Competencies The current and coming global resource gap in trade finance is widely acknowledged and its impact well understood by industry leaders. What are we doing to prepare for it and to mitigate/eliminate it over the next five years? Attracting the Next Generation to Trade Finance Training and Certification: The ICC Academy Trade Finance Centres of Excellence: An Africa Hub? Trade Financing for the 21st Century 10:00-10:30 The ICC Banking Commission in Africa, Today and Tomorrow Coffee Break 11:00-12:00 Update: ICC Rule Making and Advocacy An update on the latest activities of the ICC Banking Commission and a recap of upcoming initiatives and priorities. Latest updates on ICC Rules and Guidelines URDG Update Opinions and DocDex Update Priorities for Lunch hosted by Standard Bank 14:00-16:00 BREAKOUT SESSIONS Select from Stream 1 or 2 Room: Ballroom Technical Stream 14:00-15:00 Dispute Resolution in Trade Finance Litigating or arbitrating your trade finance disputes: how to optimize your dispute resolution approach? Alternatives to arbitration and to litigation: the ICC ADR services A trade finance dedicated ICC dispute resolution system: DOCDEX Financing Trade and Development: Fundaments and Infrastructure 14:00-15:00 Access to Finance and the Global Gap Access to Trade Finance is particularly challenging and costly for SMEs and more so for SMEs based in Developing Markets. What are we doing to address this systemic challenge? In-Market Realities: Financing Constraints on the Ground Enabling Affordable Finance in Developing Markets Banks and Alternative Providers: Time for a Partnership Dialogue? 5 ICC BANKING COMMISSION JOHANNESBURG 2016

15 AGENDA 14:00-16:00 BREAKOUT SESSIONS Select from Stream 1 or 2 15:00-16:00 Draft Official Opinions of the Banking Commission and latest DOCDEX decisions. 15: Factoring in Africa: Challenges and Opportunities Africa is set to take centre stage in world trade. To achieve its potential, it needs trade finance and factoring is a vital tool for bringing liquidity to SMEs in the continent. The importance of Factoring for global economic development and SME finance The State of Factoring in Africa Challenges to expanding Factoring in Africa Opportunities for Factoring in Africa The role of the bank in Factoring 16:00-16:30 Coffee Break 16:30-18:15 BREAKOUT SESSIONS Select from Stream 1 or 2 16:30 18:15 Draft Official Opinions of the Banking Commission and latest DOCDEX decisions 16:30 17:30 The Bank Payment Obligation and Intra Africa Trade The BPO is enjoying a degree of interest and market uptake unseen since its introduction in What are its prospects and propositions for enabling Intra-Africa trade flows? The BPO, local ICT Infrastructure and the advantages of leapfrogging legacy technology Applying the BPO to Various Transaction Structures Banks and Alternative Providers: Time for a Partnership Dialogue? Fraud, Risk and Mitigation in BPO Transactions Factoring in Africa Local and Regional Regulatory Considerations 17:30-18:15 Developments in Treasury and Finance Corporate view of key developments in treasury and finance, with a decided focus on international trade and cross-border requirements and expectations Pain Points and Solutions: What do Corporates really care about? Liquidity and Working Capital: State of the Market Trade and Supply Chain Finance: What Works, What Doesn t Alternative Providers: If the Banks Don t Understand 18:15-18:30 PRIZE DRAW 18:30 CLOSING REMARKS 19:00-20:30 Closing Cocktail hosted by GTR TRADE AND SUPPLY CHAIN FINANCE: ENABLING NEW TRADE CORRIDORS IN AND WITH AFRICA 6

16 ICC BANKING COMMISSION THE WORLD S ESSENTIAL RULE-MAKING BODY FOR THE BANKING INDUSTRY WITH 80 YEARS OF EXPERIENCE AND MORE THAN 600 MEMBERS IN +100 COUNTRIES, THE ICC BANKING COMMISSION THE LARGEST COMMISSION OF ICC, THE WORLD BUSINESS ORGANISATION HAS RIGHTLY GAINED A REPUTATION AS THE MOST AUTHORITATIVE VOICE IN THE FIELD OF TRADE FINANCE. RULES We produce universally accepted rules and guidelines for international banking practice. The UCP 600 are the most successful privately drafted rules for trade ever developed. POLICY-MAKING We support policy makers to translate their vision into concrete programmes and regulations to enhance business practices throughout the world PUBLICATIONS AND MARKET INTELLIGENCE The industry s most reputable and reliable source of guidance to bankers and industry practitioners AVENUE DU PRÉSIDENT WILSON PARIS, FRANCE DISPUTE RESOLUTION Together with ICC s International Centre for Expertise we administer the ICC Rules for Documentary Instruments Dispute Resolution Expertise (DOCDEX). EDUCATION AND CERTIFICATION ICC has recently launched the ICC Academy a professional-education initiative aimed at setting a new standard for professional education and enhancing the expertise of practitioners across a wide range of business sectors. The ICC Academy s offering will draw on the expertise of the ICC Banking Commission with a faculty in banking, including in the region of 70 online courses and three global certificates in trade finance. SPECIALIZED TRAININGS AND EVENTS In addition to its bi-annual summits gathering 400+ international delegates, we organize regular seminars and conferences around the world. STRATEGIC PARTNERSHIPS Well-established collaboration with leading policy makers and trade association, including WTO (World Trade Organization), ADB (Asian Development Bank), Berne Union, EBRD (European Bank for Reconstruction and Development), IDB (Inter-American Development Bank), IFC (International Finance Corporation), IMF (International Monetary Fund), SWIFT, the World Bank and others. REGISTRATION FEES The registration fee includes participation to the welcome cocktail, entry to the opening ceremony, gala dinner, plenary meeting programme, exhibition, lunches, coffee breaks, and welcome kit. Travel and hotel expenses are not included. ICC Members: 300 Non-Members: 500 Registration deadline: 14 March HOW TO REGISTER Easier and faster: register online (secured payment by credit card or bank transfer) at JOBUR-ICCBCAM Registration will be confirmed upon the completion of the online registration form and registration fees.