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 84)
Jul/Aug 2020
Detecting Deceptive Shipping Practices: How Much Responsibility Can Banks Reasonably Handle?
Following release of a US Government joint advisory document, “Guidance to Address Illicit Shipping and Sanctions Evasion Practices”, one prominent trade finance specialist reviews its key elements and collects feedback from fellow bankers on what it means for practice.
DCW Articles
Effective Date of Cargo Insurance for Multimodal Transport and Air Transport Shipments
Conflicting interpretations persist over whether insurance documents issued on the actual flight date—but after a transport document’s issuance—are discrepant. This article examines the implications under ISBP 745, UCP600, and CIP Incoterms® 2020, and explains how to avoid costly risk gaps.
DCW Articles
Standby Letters of Credit with “Pay and Walk” Clauses: How They Work and What to Watch for
Certain banks issuing standby letters of credit subject to ISP98 (or demand guarantees subject to URDG758) have been including “Pay
Receivables purchase
Comparing Receivables Purchase with Documentary Credit Financing
Within the ambit of trade finance is found a broad range of products and solutions that support global trade and its growth. This article discusses Receivables Purchase, a method of financing different from traditional lending, and financing linked to documentary credits.
DCW Articles
The Problem Is Not with the UCP, It’s with the LCs
Calls to simplify the UCP are nothing new—but are we solving the wrong problem? Buddy Baker argues it’s not the rules that need fixing, but the over-complicated letters of credit themselves. Could a simpler LC structure reduce errors, speed up processing, and cut through the red tape?
DCW Articles
Potential Issues with Demand Guarantees – Lessons for Bankers from a Singapore Case
A Singapore court case highlights critical pitfalls in handling demand guarantees. This article unpacks lessons for bankers on documentation, fraud risk, counter-guarantees, and navigating complex cross-border disputes.
DCW Articles
Insights on Standby & Guarantee Use in Latin America
From formal and informal discussions at CLACE, Miguel Angel Bustamante Morales sheds light on attitudes and approaches of trade specialists in the market towards standby and guarantee use.
February 2019
Problems Cited with Export LCs from Bangladesh
From recent discussion among LC specialists, DCW has learned that bankers at some US-based financial institutions are aware of
