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 60)
DCW Updates
Russian Oil Buyers Unable to Obtain LCs, Banks Back Off
According to multiple trading sources cited by Reuters, at least three major buyers of Russian oil have been unable to open letters of credit from unnamed “Western banks” to cover purchases on 24 February 2022.
DCW Updates
Singapore Banking Community Mourns Loss of De Silva
Singapore Banking Community Mourns Loss of Lionel De Silva
DCW Updates
US Federal Home Loan Banks Release 2021 Data
The US Federal Home Loan Bank (FHLBank) system each released in February 2022 their unaudited financial results for year-end 2021.
DCW Updates
New SWIFT Changes Built to Support More Precise Usage
A long time banker shares insights on his observations and experiences with the major upgrade to the SWIFT 760 (guarantees/standby LCs) series of message types that took effect in November 2021.
DCW Updates
Lin Named Partner at Rajah & Tann
Singapore attorney Nathanael Lin Named equity Partner at Rajah & Tann and will cover shipping, commodities and trade finance.
DCW Articles
Brightening the Way Toward Digitalization of Trade Finance
Singapore's TradeTrust, developed by IMDA, integrates global standards, UNCITRAL's MLETR, and blockchain, allowing verification of electronically issued documents for global trade.
DCW Articles
Judgment Rules Companies Must Know End Destination of Products
A conviction by a Danish court for violating EU sanctions against Syria has underscored the knowledge governments expect of companies of the end destination of their products.
DCW Scam Survey
Texas Man Sentenced for Fraud Involving Standby LC
Russell Hearld of Sugar Land, Texas, has been sentenced for wire fraud related to a scam involving a standby letter of credit.
DCW Updates
ICC Technical Advisory Briefing No. 1 (TAB-1) - on Non-Documentary Conditions
The ICC Banking Commission released its “Technical Advisory Briefing No. 1” on the topic of Non-Documentary conditions in Documentary Credits subject to UCP 600.
DCW Updates
NY Supreme Court Grants Summary Judgment to BNP
The Supreme Court of New York issued decisions granting summary judgment to BNP Paribas for more than USD 46 million plus interest against Natixis.