Transcription of VI. COORDINATION AND COOPERATION
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VI. COORDINATION AND COOPERATION
579VI. COORDINATION AND Standby Practices (ISP98):Report of the Secretary-General( ) [Original: English] its thirty-second session in 1999, the Commissionconsidered, on the basis of a report of the Secretary-General,1 a request by the Director of the Institute of Inter-national Banking Law and Practice, Inc. to consider en-dorsing for worldwide use the new Rules on InternationalStandby Practices (ISP98) (letter of request of 3 March1999 is reproduced in annex I).
Part Two. Studies and reports on specific subjects 581 The ISP differs from the UCP in style and approach because it must receive acceptance not only from bankers and merchants, but
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