DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
229 articles
(Page 8)
DCW Updates
Hong Kong Police Arrest Five Suspects on Charges of Using False LCs
Five individuals attempting to convert letters of credit into USD 10 billion at a bank in Hong Kong on 10
April 2025
Tech Providers Compete in Trade Transformation Challenge
A high-level workshop for trade & supply chain finance and technology professionals was conducted on 20 February 2025 in
DCW Updates
India Takes Important Step toward New Bills of Lading Law
After some 169 years, India is on the cusp of having a new law for bills of lading.
DCW Updates
Mexican Customs: Another Good Reason to Avoid Use of Drafts
When one LC specialist encountered delay after sending drafts and shipping documents to Mexico, the resounding suggestion from industry peers
DCW Updates
DCSA+ Pulls Partners in, Leaves Banks Out
On 5 March 2025, the Digital Container Shipping Association (DCSA) based in The Netherlands announced launch of DCSA+, a new
DCW Updates
Porch Group Settles with Vesttoo Creditors Liquidating Trust
Porch Group, which has pursued multiple lawsuits in attempting to recover heavy losses from the Vesttoo reinsurance letter of credit
DCW Scam Survey
India’s CBI Seeks to Unravel Fraud Allegations in 2017 Case
India’s Central Bureau of Investigation (CBI) is looking into alleged collusion in a case initiated in 2017 relating to
DCW LC Statistics
LC Statistics: 4Q24 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for 4Q 2024.
DCW Conference Report
February 2025 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission returned to Dubai, UAE, for its 2025 Annual Meeting on 17 February. The one-day event was organized by ICC UAE and hosted by Dubai Chambers. In addition to those participating in-person, others attended virtually.
DCW Updates
New EAR Controls Prompt Considerations for Banks Serving Semiconductor Industry Clients
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
DCW Updates
Canadian Company’s Operations Suspended Due to Expired LC
Best Theratronics Ltd., a Canadian-based manufacturer of equipment used to treat cancer, is prohibited from resuming operations at its
DCW Updates
Mutual Trust Bank, ITFC Sign Agreement to Bolster Trade Finance
Bangladesh’s Mutual Trust Bank PLC announced on 4 March 2025 its signing of a Master Murabaha Agreement with the