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urdg

Definitions

urdg rate
(Abbreviation) In 28 articles, the Uniform Rules for Demand Guarantees adopted by ICC in 1992 sets out the liabilities and responsibilities of the parties, the nature of a demand, the expiry circumstances and the governing law jurisdiction for the guarantee or counter-guarantee and facilitates streamlining of international trade finance
URDG rate
(Abbreviation) Uniform Rules for Demand Guarantees

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