DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Commodities Financing
9 articles
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.
DCW Updates
Singapore Paper Shows Banks Clear Inspection, but Gaps Remain
Four years after the Association of Banks in Singapore (ABS) roll out of a “Code of Best Practices – Commodity Financing”
DCW Articles
Hard Cases – Taking Stock of How Trader Defaults and Geopolitical Events Shaped LC Court Decisions
Following his writing in the January 2025 edition of DCW, Robert Parson continues his look at high profile cases by revisiting decisions surfacing from Singapore commodity defaults of recent years.
DCW Updates
Warehouse Woes: Is Foshan to be the Next Qingdao?
Another troubling commodities financing controversy is unfolding in China that bears stark similarities to the Qingdao warehouse scandal of 2014,
DCW Litigation Digest
UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. [2022]
Unreimbursed LC Issuer alleged sham transaction between Beneficiary and insolvent Applicant.
DCW Updates
European Banks Boost Support of “Top-Tier” Commodity Traders
Research conducted by Fitch Ratings suggests that European banks appear to be increasing lending to commodity trading firms facing extraordinary liquidity needs due to fierce commodity price volatility.
DCW Updates
Singapore’s ABS Establishes Industry Guidelines for Commodity Financing
The Association of Banks in Singapore (ABS), in concert with government agencies of Singapore, published a “Code of Best Practices