October 2025
DCW Monthly: December 2025
As the year draws to a close, this month’s DCW focuses on the issues likely to carry into 2026.
Latest news (Page 47)
DCW Updates
Beneficial Ownership Reporting Guidance Released by FinCEN
This is the first installment of FinCEN's guidance materials to assist the public in understanding beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA).
DCW Updates
ICC Prepares Alignments of ISBP745, eRules
Following its decision to initiate a six-month review of all 140 ICC Opinions issued since formulation of ISBP745 in 2013
DCW Updates
English Court Says Sanctions Did Not Prevent Bank from Paying under LCs
Further to previous reporting (“Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes”, April 2022 DCW 6), the Commercial
DCW Conference Report
2023 Americas Annual LC Survey • Executive Summary (Part 2)
For the 31st consecutive year, the Institute of International Banking Law & Practice conducted its Americas Annual LC Survey conference, 8-9 June 2023.
DCW Government Report
NAIC Valuation of Securities (E) Task Force
The NAIC proposed update to their guidelines for removal of an FI on the QUSFI list due to primary regulator announced or taken actions.
DCW Updates
Euros Instead of Dollars Due to Force Majeure Clause?
Court of Appeal allows payment in Euros despite contract in US Dollars. Implications for LCs & guarantees? RTI vs. MUR case questions currency and force majeure clauses' role in trade finance.
DCW Updates
ICC Re-Releases Guidance Papers on Aspects of UCP Use
ICC republished four guidance papers on recommended principles and usages around the UCP600 rules in February 2023. The collection of
DCW Updates
UK Effort Aims to Expose Duplicate Financing Fraud by Year-End 2023
A collaborative initiative underway among the International Chamber of Commerce United Kingdom (ICC-UK), the Centre for Digital Trade and Innovation
DCW Updates
CPI Reference in Counter LC Text: What’s the Ultimate Obligation?
In a recent group discussion, LC professionals took up the matter of guarantee text referencing a consumer price index (CPI)
DCW Updates
Egyptian LC Policy Weakened Trader Confidence
At year-end 2022, the Central Bank of Egypt (CBE) announced cancellation of its mandate requiring use of letters of credit
DCW Updates
Indian High Court Reverses Order, Denies Injunction
In Wellington Cantonment Board v. Gharpure Engineering & Constructions, the Madras High Court (India) set aside a District Judge order