DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
Latest news (Page 73)
DCW Updates
ICC Releases Technical Advisory Briefing on “Without Delay”
Perceiving a need among the letter of credit community for guidance on interpretation of the phrase “without delay” regarding the
DCW Updates
Coastline Solutions Introduces Supply Chain Finance Online Training
Online training provider Coastline Solutions has rolled out their Supply Chain Finance course.
DCW Updates
Documents Stalled en Route to China
Global trade bankers in the US are reporting that certain documents and packages sent to destinations in the People’s
DCW Text & Forms
Singapore “Financial Services and Markets Bill” – Second Reading Speech
Monetary Authority of Singapore "Financial Services and Markets Bill" from 2022.
DCW Articles
A Chinese Perspective on Assignment of Proceeds and Nomination Matters in BNP V. Natixis
The BNP v. Natixis case involved the assignment of letter of credit (LC) proceeds and nomination under an LC, raising legal considerations. The court ruled in favor of the assignee (BNP), stating that Natixis waived any right to setoff when accepting the assignment. A Chinese law view
DCW Articles
Independent vs. Accessory Guarantees – a Tale of Two Cases: Shanghai Shipyard and Bank Audi
Different jurisdictional interpretations of guarantee law reinforce the need for practice rules in demand guarantee transactions.
DCW Articles
Independent or Not? French Court Decides on Disputed Bank Guarantee
In McNeil & NRM Inc. v. SA Bank Audi France, the court ruled on a dispute over an advance payment guarantee. The case highlights the importance of precise guarantee wording and adherence to standard practices in international transactions.
