Documentary Collections
Documentary Collections - A Different Look to Confront Misuse and Money Laundering
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
October 2025 ICC Banking Commission Meeting
The ICC Banking Commission’s quarterly meeting, held via Zoom on 21 October 2025, discussed six draft opinions, the status of Technical Advisory Briefings, a call for comments on the future of UCP and ISBP, and the emergence of stablecoin as relates to ICC rules and digital trade law.
Usance Payment at Sight LCs as a Conduit to Supply Chain Finance
Recent writing has explored the notion that usance payment at sight (UPAS) letters of credit serve as an effective trade
Letters of Credit*
Continuing an annual survey written by top legal experts each year since 1992, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2023.
Documentary Collections & Remitting Bank Instructions
The following scenario was widely discussed during a recent meeting among bankers. The relevant details: Outgoing collection documents were sent
Generation Next Fashions Ltd. v. JPMorgan Chase Bank, N.A. [2023]
Seller sued Collecting Bank for breach of URC 522
2023 ICC Banking Commission Technical Meeting: Executive Summary
Summary takeaways from the ICC Banking Commission Technical Meeting, 24-25 October 2023.
Almond Ailments: Seller Finds Jurisdiction a Tough Nut to Crack
Does an NY court have jurisdiction over an Indian collecting bank that is alleged to have violated the URC 522 for neither collecting and remitting funds to pay for shipments?
Egyptian Banks Report LC Openings up 87%
Egyptian banks opened LCs worth USD 11.6 billion over a six-week stretch from 1 March to mid- April 2022
Domestic Correspondent Report: Egypt's New Importation Process
Starting March 1, 2022, Egypt's Central Bank now mandates the use of documentary credits for import operations, discontinuing documentary collections, except for certain exceptions.
