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 42)
DCW Updates
The Depths of Crypto Mining
Favorable power costs and relatively low land prices are two factors that have attracted cryptocurrency miners to the US state
DCW Updates
LC Community Pays Tribute to Hugo Verschoren (1956-2022)
The Trade Finance community has lost not only a great expert, but also a warm personality. Hugo Verschoren started his
DCW Updates
LC Legend Jim Barnes Retires
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
DCW Updates
MT799 Misuse Diminishing, but Still Occurs
Very few banks will now issue an LC using the SWIFT MT799 format as most banks, especially in Europe, will
DCW Updates
Successor by Operation of Law and Amendments
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
DCW Updates
ICC Draft Opinions Released for January 2023 Discussion
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
DCW Updates
ICC Briefing Addresses Practice of Modifying and Excluding UCP600 Articles
The ICC Banking Commission addresses the subject of “Modifications and Exclusions under Documentary Credits subject to UCP 600” in Technical
DCW Updates
A Thanks to Jim Barnes for His Contributions to the LC Community
Let's hear from some of the LC community as they share memories and stories of their time working
DCW Feature
Understanding and Application of the Right of Recourse Under the PRC Supreme People’s Court’s Guarantee Rules
Exploring the guarantor's right of recourse, analyzing legal concepts, international banking practices, and banking structures in China. Specifically guarantees and counter guarantees.
