Christopher Byrnes

ICC Briefing Addresses Topic of Reducing Discrepancy Rates

In the latest of its ongoing series of technical advisory briefings released on 27 June 2022, the ICC Banking Commission addressed the subject of “Reducing Discrepancy Rates under Documentary Credits” (TAB-3)

Wolfsberg Paper Makes Case for Effective Public-Private Partnerships

On Board Dates and Issuance Dates

Another scenario discussed in the meeting of US west coast bankers centered around a commercial LC requiring under 46A: 1.

India Imposes Additional Measures to Detect Improper LC Documents

In a move to curb use of ante-dated LC documentation to circumvent Indian law banning wheat exports, India’s

Pakistan: Additional Support for Oil LCs

Prime Minister Shehbaz Sharif has promised that the Pakistani government will intervene on behalf of oil refineries facing potential shutdown

Attacking LC Fraud a Top Goal for India’s Blockchain-Based Project

Stung by the massive letter of credit scandal committed against Punjab National Bank (Feb 2018 DCW 44), India’s central

Bangladesh and Vessel / Container Tracking

Bangladesh Bank’s Foreign Exchange Policy Department (FEPD) issued FE Circular No. 09 (17 May 2022) to its Authorized Dealer

MonetaGo to Engineer Singapore’s Trade Finance Registry

The Trade Finance Registry (TFR), an initiative undertaken by the Association of Banks in Singapore (ABS) to combat duplicate financing

Singapore to Require Additional Safeguards to Stop Digital Banking Scams

To further safeguard customers from digital banking scams, the Monetary Authority of Singapore (MAS) and the Association of Banks in

Report: Russia Seeks Reversion to Paper LCs with India

As an alternative to use of SWIFT for the sending of letters of credit, the Bank of Russia and Reserve

Bangladesh MCCI: Control Importing of Goods

Citing inflation as a major challenge in the coming months, Bangladesh’s Metropolitan Chamber of Commerce and Industry (MCCI) recommended