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 40)
DCW Articles
LEI: a Promising Enabler for Boosting Trade Finance
Particularly crucial for AML and KYC concerns, LEI facilitates faster access to finances for SMEs. Despite ongoing challenges, it is advocated by industry bodies and regulators as a pivotal tool in advancing global trade.
DCW Articles
Standby LCs Are Good Business – If You Know What You Are Doing!
Proposed EU Capital Requirements Regulation changes may raise credit conversion factor for standby letters of credit. Limited data suggests low default rates. Banks issue standbys for fees, and despite credit risk, many expire unused.
DCW Updates
Kelly-Louw Appointed Department Head
Effective 1 January 2023, Professor Michelle Kelly-Louw has been appointed Head of the Department of Commercial Law for a three-year term at the University of Cape Town (UCT)
DCW Updates
Pakistan Expands Import LC Requirement
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to
DCW Updates
RBI Takes Action against Zoroastrian Bank for Compliance Failure
The Reserve Bank of India (central bank) has assessed an INR 1.25 crore (USD 153,000) penalty against Zoroastrian
DCW Updates
Complaints That Banks Aided Terrorists Fail
In Wildman v. Deutsche Bank, the US District Court for the Eastern District of New York dismissed an action brought
DCW Updates
Banks Upbeat EU Could Keep 20% CCF for Trade Finance Products
According to published reports, the EU appears to be on a path for abandoning a planned tenet of Basel reforms
DCW Updates
Inflation Causing Captive Insurers to Re-Think LC Use
Inflationary pressures and resulting interest rate hikes are forcing captive insurers that have relied on letters of credit as a
DCW Updates
Bad Standby LC Wording from Beneficiaries: Push Back or Get Pulled In
A chronic concern for banks is when intended LC beneficiaries – often government agencies, municipalities, insurance companies, and other so-called power
DCW Updates
Insurers Contest DAE Claim over Aircraft Stranded in Russia
Lloyd’s of London, AIG, Chubb, Swiss Re, and seven other insurers contend that they are not obligated to pay
