DCW Monthly: April 2026
The ICC Banking Commission decided not to revise UCP 600 or ISBP 821. The argument: the rules are fine, what&
Saudi IT firm, Al Moammar Information Systems Company (MIS), obtained a SAR 252 million (USD 67m) financing facility from Riyad Bank on 10 September 2024, according to Saudi Exchange.
The arrangement allows MIS to use the facility for invoice payables, project financing, and applying to Riyad Bank for issuance of letters of credit and guarantees. The agreement is in place for three years and is secured by a promissory note to the amount of the total facilities limit based on details on the Saudi Exchange site.
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September Updates
• ICC Defines Trade Finance
• LC & Guarantee Issuance: Under or Out of
Control?
• 100% Electronic B/Ls by 2030: The Numbers Behind
the Number
• Bank of England Breaks with Basel, keeps 20% CCF
for Trade Instruments
• Righting an Irregular Presentation … with a Twist
• Pakistan Looks to Deepen Trade & Energy Ties
with Russia
• Ethiopian Importers Harmed by Country’s Abrupt
Foreign Exchange Reforms
• Saudi IT Firm Secures Financing Facility from
Riyad Bank
• ICC Defines Trade Finance
• LC & Guarantee Issuance: Under or Out of
Control?
• 100% Electronic B/Ls by 2030: The Numbers Behind
the Number
• Bank of England Breaks with Basel, keeps 20% CCF
for Trade Instruments
• Righting an Irregular Presentation … with a Twist
• Pakistan Looks to Deepen Trade & Energy Ties
with Russia
• Ethiopian Importers Harmed by Country’s Abrupt
Foreign Exchange Reforms
• Saudi IT Firm Secures Financing Facility from
Riyad Bank
Author
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