New on DCW: The Banker’s Guide to Examination under Documentary Credits
For document examiners and trade finance operations staff, few decisions carry more weight—or more risk—than determining whether a
Latest news (Page 30)
DCW Updates
Nigeria Reports Drop in LCs for 2Q23
Although letter of credit payments of USD 841.21 million for the first half of 2023 were 12.3% higher
Standby LC
Investigations Expand into Vesttoo LC Fraud Allegations
The US Federal Bureau of Investigation’s (FBI) has reportedly begun its own probe into allegedly fraudulent letters of credit
DCW Updates
UK’s E-Trade Documents Act Finalised, Industry Action Now Needed
UK Electronic Trade Documents Act 2023 was enacted on 20 July 2023. Here's what needs to happen next.
DCW Updates
Pakistani Banks Required to Arrange USDs for Import LCs
State Bank of Pakistan (SBP), the country’s central bank, has lifted restrictions on Pakistani banks opening letters of credit
Standby LC
Broadband Providers Push Back against US Gov LC Requirement
A coalition of internet service providers, broadband associations, and digital equity advocates in the US are challenging a requirement that applicants for federal broadband funding must furnish a letter of credit in order to receive funds.
DCW Updates
Charter Party B/L Showing Two Shipping Dates: Acceptable or Not?
In a recent discussion circle, LC specialists considered the situation of a bank receiving an MT710 to which the first
DCW Articles
To What Extent is a Confirming Bank’s Undertaking Independent of the Issuing Bank’s Undertaking to the Beneficiary?
Confirmation to any modern-day documentary credit is an essential risk mitigation tool for a beneficiary that enables it to deal
