DCW Updates
DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Latest news (Page 51)
DCW Updates
MonetaGo to Engineer Singapore’s Trade Finance Registry
The Trade Finance Registry (TFR), an initiative undertaken by the Association of Banks in Singapore (ABS) to combat duplicate financing
DCW Updates
Bangladesh and Vessel / Container Tracking
Bangladesh Bank’s Foreign Exchange Policy Department (FEPD) issued FE Circular No. 09 (17 May 2022) to its Authorized Dealer
DCW Updates
Singapore to Require Additional Safeguards to Stop Digital Banking Scams
To further safeguard customers from digital banking scams, the Monetary Authority of Singapore (MAS) and the Association of Banks in
DCW Readers Speak
Issuing Standbys Allowing for Presentation of Documents by Email
At the IIBLP’s 2022 Annual LC Survey – West conference (18-19 May), delegates were asked about the general frequency in which their bank issues standbys allowing for documents to be presented electronically. Here, Buddy Baker of Goldman Sachs Bank comments on the poll results.
DCW Updates
Report: Russia Seeks Reversion to Paper LCs with India
As an alternative to use of SWIFT for the sending of letters of credit, the Bank of Russia and Reserve
DCW Feature
Judicial Remedies for Guarantee Fraud and Abusive Demands on Independent Guarantees Under PRC Law
In-depth look into use of independent guarantees in China's international trade, addressing risks like fraudulent calls and abuses.
DCW Articles
Motivations and Rationale for Variation of Incoterms Rules
The ICC’s Incoterms® rules only reflect the most commonly used commercial practice. Therefore, where a situation demands and parties are in agreement, the rules may be amended to deviate from the default provisions or add to the rules to bring more precision.
DCW Updates
India Abruptly Imposes Wheat Export Ban
Reversing course from a previous statement, the Indian government announced it is banning wheat exports. Only wheat exports backed by
DCW Updates
ICC Draft Opinion for July 2022 Meeting Released
One Draft Opinion will be discussed at the ICC Banking Commission’s next quarterly virtual meeting in July 2022. The