Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
Jorge Riva is an Argentine lawyer and member of the Argentine Banking Commission (ICC Argentina). He has written several books on international trade and exchange markets.
Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.
