DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
238 articles
(Page 20)
DCW Updates
OCC Issues Final Rule Regarding Guarantees
The US Office of the Comptroller of the Currency (OCC) issued its final rule containing amendments to its financial guarantee
DCW Updates
Blocked after Presentation: Another Layer of Concern
Should an issuing bank pay if presented documents comply, but it learns of recent news that an entity involved within
DCW Updates
Proposed US Rule Would Expand Accessory Guarantees
On 3 July 2007, the US Office of the Comptroller of the Currency (OCC) issued a Notice of Proposed Rulemaking
DCW Litigation Digest
BII Finance Co. v. U-States Forwarding Services Corp. [2002]
Case deals with bill of lading consigned to order without naming a person to whose order it was consigned and party which bears the risk of delivery without having taken up the bill of lading.
DCW Text & Forms
ICC Opinion R505 / TA537 (2002) – When a Non-Bank Issues a Letter of Credit
Because of widespread interest in this subject, the ICC Banking Commission decided to post this Official Opinion to its website. Although the title includes reference to UCP 500 Articles 1 and 2, this Opinion is applicable to UCP 600 and is evidence of international standard banking practice.