DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
DCW Feature
Originality of Paper and Electronic Documents (Part 1)
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of an article series.
28 min read
In the world of traditional trade finance where we still predominantly use paper documents, it has always been of major importance to determine what an original (paper) document is and how many originals are to be presented under the instrument in question. Also, must an original document be signed for it to be considered an original? And what constitutes a signature?
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DCW Updates
The Problems are NOT with UCP600
The rules are what they are and it’s time to move beyond what more they should include, less they
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Data Suggests US Bank-Provided Trade Finance Poses Limited Risk
While acknowledging the reporting of trade finance data is “scarce and fragmented”, an article released by the Board of Governors
DCW Articles
Reassessing ISBP: What's Really Needed and Should It be Expanded beyond Examination?
With the immediate future of the existing ISBP now settled, the question turns to whether the industry should consider extending its role in a careful, deliberate way to reflect the realities of modern documentary credit practice.
DCW Articles
The Profile of LC Users: Evidence from 135,000 Trading Firms
A study of 135,000 Vietnamese trading firms reveals some interesting data regarding what it takes to access trade finance products from banks. Hint: start-ups do not get access.
