Discover the new International Standard Demand Guarantee Practice (IDSGP), that is now published after nearly a decade of applying the ICC Uniform Rules for Demand Guarantees (URDG 758). This landmark publication includes 215 international standard practices to instruct parties/applicants, beneficiaries, guarantors and counter-guarantors on how to apply the rules and principles outlined in URDG 758.
Trade finance expert Mireille Troosters will discuss with top lawyer Marco Schoups and the Guarantee & Treasury administrator at DEME Group Doreen Colemont how a number of best practices throughout the lifecycle of the guarantee can avoid mishaps that could result in unintended consequences, such as costly payment delays and disputes. In the context of the COVID-19 pandemic, the discussion will use the sector of international construction projects to illustrate the importance for users and for banks to gain more clarity on demand guarantees and make everyone ready to lead for the long-term.
You are warmly invited to take part to this interactive morning session between experts to discuss the latest developments and future improvements of the drafting and issuance of performance bonds and guarantees, examinations and payments, rejections, transfers, and much more.
10:00 – 10:05 | Welcome
10:05 – 10:35 | Setting the scene
By Mireille Troosters, Risk Manager, Working Capital Solutions at KBC BANK
10:35 – 11:05 | Panel Discussion
Moderator: Mathieu Maes, Secretary General of ICC BELGIUM
- Doreen Colemont, Office Finance Manager at DEME
- Marco Schoups, Partner at SCHOUPS
- Mireille Troosters, Risk Manager, Working Capital Solutions at KBC BANK
11:05 – 11:20 | Q&A
11:20 – 11u25 | Conclusion