This month we’re exploring where traditional instruments meet modern LC practice, focusing especially on the complications surrounding drafts and
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
From recent discussion among LC specialists, DCW has learned that bankers at some US-based financial institutions are aware of banks in Bangladesh releasing discrepant documents to applicants without acceptance or payment, claiming that their country’s Central Bank (Bangladesh Bank) allows for such practice.
On 20 April 2025, Bangladesh Bank’s Foreign Exchange Policy Department issued FE Circular Letter No. 14, “Remittance against import
In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter.
Letters of credit represent the bulk of trade services offered by banks in Bangladesh and the country’s tense governmental transition has been closely watched by the industry. In this article, Bangladesh's political and economic challenges and their impact on trade are considered.
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