Last updated: 4 August 2020
We’re updating our Standard Trade Terms in each country/territory to better reflect how we offer our trade services, including Documentary Credit, Guarantee, and Trade Loan products. These updates also include a provision that clarifies how we’ll treat published benchmark interest rates when they turn negative.
The updates work in conjunction your existing security, loan, and facility documentation, which will remain unchanged.
Once updated, you’ll be able to view the new version of the Standard Trade Terms for each country/territory you have trade services in. This update will be completed for all countries/territories by October 2020.
If you have any questions about the Standard Trade Terms, please contact your local Trade representative.