Guarantee & Standby Forum: May 19 Non-Case Material: * Singapore Paper Shows Banks Clear Inspection, but Gaps Remain (MAS Paper -
This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
The silent confirmation market is still active and prevalent for LCs in Asian countries as silent confirmation is one of the means for a beneficiary to mitigate issuing bank and country risk when it does not want other banks to confirm its credit.
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