DCW Monthly: September 2026
This month's content returns to a question the rules answer clearly and the courts sometimes do not: who
356 articles
DCW Updates
Digital Trade Forum Advances the New Reality
Talk of a trade’s digital transformation is in the air, but ICC UAE convened a focused stakeholder forum to
DCW Updates
Swift Accepts Request to Postpone SR 2026
With the latest annual update to formats and rules on the Swift network approaching in November, Swift agreed to a
DCW Updates
FinCEN Ends Beneficial Ownership Reporting Requirement for US Entities
Effective 14 August 2026, a final rule issued by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) permanently
DCW Updates
Digital LC Showcases Dual Importance of MLETR-Aligned Law, eUCP
In what is believed to be the first eLC issuance of its kind, Societe Generale has announced its role as
DCW Updates
Alleged SBLC Monetization Scheme Goes to Arbitration
An action centering on two allegedly fraudulent schemes, including one to induce participation in a high-return investment involving the
DCW Updates
ICC Finalizes Six Opinions at July 2026 Session
At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
DCW Updates
ICC Banking Commission Updates on Its UCP Educational Push
Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
DCW Updates
ICC Issues TAB on Force Majeure under UCP
The matter of force majeure was addressed in the first version of UCP[[1]] in 1933 and largely resembles the
DCW Updates
TAB-16 Addresses Three Aspects of Third Party Documents
Although not defined in UCP600, the expression “third party documents” in LC practice is commonly taken to mean documents issued
DCW Updates
Sharing the Risk
Banks are increasingly turning to risk-sharing structures to manage regulatory capital, control funding costs, and expand capacity.
DCW Updates
Unassignable Guarantees & Applicable Law
Banks are often advised by their lawyers to issue a demand guarantee with the condition that it is unassignable and
DCW Updates
ICC Releases Draft Opinions for July 2026 Discussion
Six Draft Opinions will be taken up by the ICC Banking Commission at its next quarterly Technical Advisory meeting on