The United Nations approves Forfaiting Rules

The Uniform Rules for Forfaiting (URF 800) published by ITFA and the ICC, and which are the only internationally approved rules for any form of receivables finance, have received further distinction of approval and endorsement by UNCITRAL (United Nations Commission on International Trade Law), an agency of the UN. The formal letter of approval can be accessed here. Training on the URF, amongst other subjects, will be provided at the upcoming educational seminar in London prior to the annual conference. See here for more details.