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 Articles
Price Verification: Doing More While Preserving the Independence Principle
For LC bankers to meet the challenge of price verification while upholding the independence principle, there's no substitute for exemplary knowledge of customers and their businesses.
4 min read
The verification of pricing on trade documents and related payments handled by banks has become an important component of trade finance processing. These documents contain detailed information not only of pricing but of what is being shipped, destinations, parties, and a great deal more. This information can be of value to law enforcement in the identification of drug dealers, money launderers, arms dealers, fraudsters, terrorists, and others engaged in criminal activity.
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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
DCW Updates
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.
