DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
DCW Conference Report
2023 Americas Annual LC Survey • Executive Summary (Part 2)
This Executive Summary provides an overview of topics discussed and debated by leading professionals at Day 2 of the conference.
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DCW Articles
International Trade and the Strait of Hormuz: Disruptions, Risks, and Systemic Challenges
International trade depends on two inseparable flows: the movement of goods and the movement of money. When goods stop moving, payments stop moving — and when both stall, global trade seizes up. The near total closure of the Strait of Hormuz has exposed this reality with exceptional clarity.
DCW Articles
Thank heavens: Why banks can keep calm and carry on after Celestial Aviation
Assessing the risk of breaching regulatory and compliance requirements while simultaneously examining for documentary compliance under stringent time pressures has complicated banks’ trade finance operations for years. A UK Supreme Court decision provides a degree of comfort and clarity to banks.
DCW Updates
OFAC Issues Advisory on Sham Transactions & Sanctions Evasion
On 31 March 2026, US Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert of sham
DCW Articles
The Case against UCP 600 Revision and for Education
Following the majority vote against UCP revision by ICC National Committees, Dave Meynell offers evidence suggesting education and guidance is the prudent way forward.
