DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to secure permission from Pakistan’s federal finance ministry for the opening of LCs. The move was taken to supplement State Bank of Pakistan (SBP) restrictions which cover only 15% of the country’s imports.
Author
Read next
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
DCW Updates
Versana Expands into LCs
New York-based data and digital infrastructure company Versana announced on 19 May 2026 that it now offers banks the
DCW Updates
The Problems are NOT with UCP600
The rules are what they are and it’s time to move beyond what more they should include, less they
DCW Updates
Data Suggests US Bank-Provided Trade Finance Poses Limited Risk
While acknowledging the reporting of trade finance data is “scarce and fragmented”, an article released by the Board of Governors