convention on the assignment of receivables in international trade

Search form

• Texts and Status
• Security Interests

United Nations Convention on the Assignment of Receivables in International Trade (New York, 2001)

I. commission papers.

26 th Session, 5-23 July 1993, Vienna

• A/48/17 - Report of the United Nations Commission on International Trade Law on the work of its twenty-sixth session ( paras 297 to 301 )
• A/CN.9/378/Add.3 - Assignment of claims

27 th Session, 31 May - 17 June 1994, New York

• A/49/17 - Report of the United Nations Commission on International Trade Law on the work of its twenty-seventh session ( paras. 208 to 214 )
• A/CN.9/397 - Legal aspects of receivables financing

28 th Session, 2-26 May 1995, Vienna

• A/50/17 - Report of the United Nations Commission on International Trade Law on the work of its twenty-eighth session ( paras 374 to 381 )
• A/CN.9/412 - Assignment in receivables financing: discussion and preliminary draft of uniform rules

29 th Session, 28 May - 14 June 1996, New York

• A/51/17 - Report of UNCITRAL on the work of its twenty-ninth session ( paras. 231 to 234 )
• A/CN.9/420 - Report of the Working Group on International Contract Practices on the Work of the Twenty-Fourth Session (Vienna, 13 - 24 November 1995) ( paras. 14 to 201 )

30 th Session, 12-30 May 1997, Vienna

• A/52/17 - Report of UNCITRAL on the work of its thirtieth session ( paras. 252 to 256 )
• A/CN.9/432 - Report of the Working Group on International Contract Practices on the Work of the Twenty-Fifth Session (New York, 8 - 19 July 1996) ( paras. 12 to 268 )
• A/CN.9/434 - Report of the Working Group on International Contract Practices on the Work of the Twenty-Sixth Session (Vienna, 11- 22 November 1996) ( paras. 14 to 258 )

31 st Session, 1-12 June 1998, New York

• A/53/17 - Report of UNCITRAL on the work of its thirty-first session ( paras. 222 to 231 )
• A/CN.9/445 - Report of the Working Group on International Contract Practices on the Work of the Twenty-Seventh Session (Vienna, 20 - 31 October 1997) ( paras. 18 to 235 )
• A/CN.9/447 - Report of the Working Group on International Contract Practices on the Work of the Twenty-Eighth Session (New York, 2-13 March 1998) ( paras 17 to 159 )

32 nd session, 17 May - 4 June 1999, Vienna

A/54/17 - Report of UNCITRAL on the work of its thirty-second session ( paras. 319 to 330 )

• A/CN.9/455 - Report of the Working Group on International Contract Practices on the work of the twenty-ninth session (Vienna, 5-16 October 1997) ( paras. 18 to 173 )
• A/CN.9/456 - Report of the Working Group on International Contract Practices on the work of the thirtieth session (New York, 1-12 March 1999) ( paras. 19 to 227 )

33 rd Session, 12 June - 7 July 2000, New York

• A/55/17 - Report of the United Nations Commission on International Trade Law on the work of its thirty-third session ( paras. 12 to 192 )
• A/CN.9/466 - Report of the Working Group on International Contract Practices on the Work of the Thirty-first Session (Vienna, 11-22 October 1999)
• A/CN.9/470 - Receivables Financing - Analytical Commentary to the draft Convention on Assignment [in Receivables Financing] [of Receivables in International Trade]
• A/CN.9/472 - Draft Convention on Assignment [in Receivables Financing] [of Receivables in International Trade] - Compilation of comments by Governments
• A/CN.9/472/Add.1 - Draft Convention on Assignment [in Receivables Financing] [of Receivables in International Trade] - Compilation of comments by Governments and international organizations
• A/CN.9/472/Add.2 - Draft Convention on Assignment [in Receivables Financing] [of Receivables in International Trade] - Compilation of comments by Governments and international organizations
• A/CN.9/472/Add.3 - Draft Convention on Assignment [in Receivables Financing] [of Receivables in International Trade] - Compilation of comments by Governments and international organizations
• A/CN.9/472/Add.4 - Draft Convention on Assignment [in Receivables Financing] [of Receivables in International Trade] - Compilation of comments by Governments and international organizations
• A/CN.9/472/Add.5 - Draft Convention on Assignment [in Receivables Financing] [of Receivables in International Trade] - Compilation of comments by Governments

34 th Session, 25 June -13 July 2001, Vienna

• A/56/17 - Report of the United Nations Commission on International Trade Law on the work of its 34th session ( paras. 13 to 200 )
• A/CN.9/486 - Report of the Working Group on International Contract Practices on the work of its twenty-third Session
• A/CN.9/489 - Receivables financing: analytical commentary on the draft Convention on Assignment of Receivables in International Trade
• A/CN.9/489/Add.1- Receivables financing: analytical commentary on the draft Convention on Assignment of Receivables in International Trade
• A/CN.9/490 - Draft Convention on Assignment of Receivables in International Trade: compilation of comments by Governments and international organizations
• A/CN.9.490/Add.1 - Draft Convention on Assignment of Receivables in International Trade: compilation of comments by Governments
• A/CN.9.490/Add.2 -Draft Convention on Assignment of Receivables in International Trade: compilation of comments by organizations
• A/CN.9.490/Add.3 -Draft Convention on Assignment of Receivables in International Trade: compilation of comments by organizations
• A/CN.9.490/Add.4 -Draft Convention on Assignment of Receivables in International Trade: compilation of comments by organizations
• A.CN.9/490/Add.5 - Draft Convention on Assignment of Receivables in International Trade: compilation of comments by organizations
• A/CN.9/491 - Receivables financing: draft Convention on Assignment of Receivables in International Trade: comments on pending and other issues
• A/CN.9/491/Add.1 - Receivables financing: draft Convention on Assignment of Receivables in International Trade: comments on pending and other issues - Addendum

Working Group II Papers

24 th session, 13-24 November 1995, Vienna

• A/CN.9/412 - Assignment in receivables financing: discussion and preliminary draft of uniform rules [ The Working Group discussed the report that was before the Commission at its 28 th session. ]

25 th session, 8-19 July 1996, New York

• A/CN.9/WG.II/WP.87 - Revised articles of draft uniform rules on assignment in receivables financing

26 th session, 11- 22 November 1996, Vienna

• A/CN.9/WG.II/WP.89 - Newly revised articles of draft convention on assignement in receivables financing

27 th session, 20-31 October 1997, Vienna

• A/CN.9/WG.II/WP.93 - Revised articles of draft Convention on Assignment in Receivables Financing

28 th session, 2-13 March 1998, New York

• A/CN.9/WG.II/WP.96 - Revised articles of draft Convention on Assignment in Receivables Financing

29 th session, 5-16 October 1998, Vienna

• A/CN.9/WG.II/WP.98 - Revised articles of draft Convention on Assignment in Receivables Financing: remarks and suggestions

30 th session, 1-12 March 1999, New York

• A/CN.9/WG.II/WP.102 - Revised articles of draft Convention on Assignment in Receivables Financing: remarks and suggestions

31 st session, 11-22 October 1999, Vienna

• A/CN.9/WG.II/WP.104 - Receivables Financing - Draft Convention on Assignment in Receivables Financing: text with remarks and suggestions
• A/CN.9/WG.II/WP.105 - Receivables Financing - Commentary to the draft Convention on Assignment in Receivables Financing (Part I)
• A/CN.9/WG.II/WP.106 - Receivables Financing - Commentary to the draft Convention on Assignment in Receivables Financing (Part II)

• Main navigation menu
• Main content

Quick search

• Arbitrations
• Incoterms® 2020

Banking & finance

ICC endorses UNCITRAL Convention on the Assignment of Receivables in International Trade

• 22 December 2014

The International Chamber of Commerce has announced its endorsement of the United Nations Convention on the Assignment of Receivables in International Trade.

Share this:

• New window Share on Linkedin
• New window Share on X
• New window Share on Facebook
• New window Share on Email

The ICC Executive Board endorsed the Convention at its 146th World Council Session held in New York on 19-20 November 2014, upon recommendation by the ICC Banking Commission’s Executive Committee and the Legal Committee.

ICC supports the Convention’s purpose to establish principles and rules to create clarity and transparency in the legal regime applicable to the assignment of international receivables. ICC also aligns itself with the Convention’s objective to promote the modernization of the law relating to assignments of receivables, while protecting existing assignment practices and facilitating the development of new practices.

ICC bank and firm members have reported situations where financings had to be reviewed or abandoned as a result of laws considering the assignment of future receivables or bulk assignments of receivables as ineffective. ICC welcomes the Convention’s validation of assignments of future receivables and bulk assignments, invalidating contractual limitations to the assignment of receivables, and offering clear rules as to priority between competing claims. As such, ICC expects the Convention to remove legal obstacles to receivables financing transactions.

ICC shares a common goal with the United Nations Commission on International Trade Law (UNCITRAL) in striving to remove obstacles for international trade and considers the Convention to be a major step towards the globalization of asset-based lending.

ICC has a long history of providing needed international leadership in the field of international banking operations, particularly as a forum for developing rules of practice. Since 1933, the Uniform Customs and Practice for Documentary Credits (UCP), in its various revisions, has become a universally recognized standard, stating and establishing custom and practice for letters of credit.

Through endorsement of the subsequent UCP versions, UNCITRAL provided an important bridge to those countries that were, at the time, unable to participate directly in the work of ICC. Other ICC rules, such as Incoterms© Rules, have also been endorsed by UNCITRAL, contributing to their international acceptance.

Dawn Chardonnal

United Nations Convention on the Assignment of Receivables in International Trade(Not yet in force)

The United Nations Convention on the Assignment of Receivables in International Trade: insolvency aspects

• Related Documents

To Boldly Go, Part II: Data as the CISG’s Next (but Probably Not Final) Frontier

The United Nations Convention on Contracts for the International Sale of Goods (‘CISG’) is an international sales law treaty concluded in 1980 and drafted with traditional (physical) goods trade in mind. While a significant body of scholarship has addressed its capacity to govern electronic software transactions, only limited commentary has explored the CISG’s digital application beyond software per se. ‘To Boldly Go, Part I’, this article’s counterpart, developed a specific legal framework for assessing the CISG’s capacity to regulate international trade in non-software data. This article now applies that framework, confirming the CISG is capable of governing non-software data trade, and uses that framework to resolve the currently unsettled question of whether cryptocurrency trade falls within the CISG’s scope. Since non-software data trade is becoming increasingly economically important, this article’s conclusions stand to benefit data traders as well as the practitioners advising them.

25 Years United Nations Convention On Contracts For The International Sale Of Goods (CISG) And 20 Years Uncitral Model Law On International Commercial Arbitration - Joint Conference organised by the United Nations Commission on International Trade Law (UNCITRAL) and the International Arbitral Centre of the Austrian Federal Economic Chamber (VIAC) - Vienna (Austria), 15-18 March 2005.

United nations convention on transparency in treaty-based investor-state arbitration.

On December 10, 2014, the United Nations General Assembly adopted the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration, also known as the Mauritius Convention on Transparency, which was prepared by the United Nations Commission on International Trade Law (UNCITRAL). The Mauritius Convention is intended to provide states with an efficient mechanism for applying the UNCITRAL Rules on Transparency in Treaty-based Investor-State Arbitration (Transparency Rules) in investor-state arbitrations arising under investment treaties concluded before the Transparency Rules’ effective date of April 1, 2014. The Mauritius Convention was opened for signature on March 17, 2015, in Port Louis, Mauritius.

Introductory Note on the United Nations Convention on the Liability of Operators of Transport Terminals in International Trade (*)

The united nations convention on the assignment of receivables in international trade and small businesses, revisiting barter under the cisg.

As the United Nations Commission on International Trade Law (hereinafter “UNCITRAL”) circulated a draft of what eventually became the United Nations Convention on Contracts for the International Sales of Goods (hereinafter “CISG”), it examined the need for uniform law with respect to barter transactions. At that time in 1978, various international organizations were concerned that, while barter transactions were infrequent at the domestic level, such transactions carried growing importance in international trade.

Article 45 bisRelationship with the United Nations Convention on the Assignment of Receivables in International Trade

Part ii a view through illustrative contracts and harmonizing instruments, 13 receivables financing: the unidroit convention on international factoring and the united nations convention on the assignment of receivables in international trade.

This chapter is devoted to international receivables financing and to two instruments in particular: the 1988 UNIDROIT Convention on international factoring and the 2001 UN Convention on the assignment of receivables in international trade. Factoring is particular form of receivables financing and the UNIDROIT Convention is confined to factoring involving notification to the debtor. The chapter explains the concept of factoring, the genesis of the Convention, and its sphere of application, connecting factor and principal provisions. The UN Convention is much broader, covering both the international assignment of receivables and the assignment of international receivables, and it combines substantive provisions with conflict of laws rules. The chapter describes the sphere of application of the UN Convention and its key provisions. Both conventions contain provisions overriding contractual restrictions on assignment. The chapter also examines the duties of the debtor and the conflict rules applicable to the priority of competing assignments.

UNCITRALs Contribution to the Unification of Receivables Financing Law : the United Nations Convention on the Assignment of Receivables in International Trade

Texts adopted by the united nations conference on the liability of operators of transport terminals in international trade and the united nations convention on the liability of operators of transport terminals in international trade (vienna, 2-19 april 1991) (a/conf.152/13), export citation format, share document.

Browse Subjects

• Convention on the Assignment of Receivables in International Trade (2001)
• RECEIVABLES FINANCING