DCW Updates
DCW Monthly: August 2025
From courtrooms in Illinois to conference halls in Singapore, this issue unpacks the rulings, risks, and rule debates in today’
DCW Conference Report
2025 Singapore Guarantee & Standby Forum: Executive Summary
For the 18th consecutive year, IIBLP conducted its Guarantee & Standby Forum for the Singapore trade finance market. Held on 19 May 2025 and hosted by S&P Global, the program was organized as a hybrid event. This Executive Summary provides an overview of topics discussed and debated.
15 min read
Treasury, Working Capital, and Risk Management: Emerging Trends Strategic Insights
💡
Headline Insight: MAS’ March 2025 review found uneven controls in commodity financing—governance, customer-level, and transaction-level—despite earlier best‑practice guidance.
First and foremost, panelists addressed the Monetary Authority of Singapore’s “Governance and Risk Management of Commodity Financing” and reacted to key findings. Released in March 2025, the paper synopsizes results of MAS inspections of selected banks on the effectiveness of their risk management of their commodity financing business. Produced four years following articulation of a “Code of Best Practices” for banks engaged in commodity financing, the paper reinforces MAS’ supervisory expectations. It also identifies acceptable performance and where improvement is needed in the areas of governance, customer-level controls, and transactional-level controls.
Read next
DCW Articles
LCs That Contain a Law and Jurisdiction Clause
Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?
August 2025
Automatic Extension LC Issues
The recent case of Illinois DNR v. Regions Bank illustrates the importance of clear wording of automatic extension clauses and issuing banks including a final expiration date in their standbys.
DCW Articles
Charter Party Bill of Lading (CPBL) Operations: Navigating Risks and Mitigation Measures
CPBLs, governed by UCP600 Article 22 and addressed in several ISBP821 paragraphs, are required under credits for certain types of shipments. It is important to appreciate the operational aspects, risks, and risk mitigation techniques of CPBLs.
DCW Updates
ISBP Revision at a Crossroads
The ICC Banking Commission sent out its comments on ISBP Revision Draft 3 feedback received from 19 ICC National Committees