LC Practice
A Blueprint for the Next ISBP
David Meynell and Gary Collyer offer a preview of what the ISBP 821 revision process might look like, including fixing gaps and additional digitalisation enhancements.
2023 Americas LC Law Summit: Executive Summary
For the 24th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Americas Letter of Credit Law Summit.
Silent Confirmation Of Documentary Credits: It’s Still Happening
The silent confirmation market is still active and prevalent for LCs in Asian countries as silent confirmation is one of the means for a beneficiary to mitigate issuing bank and country risk when it does not want other banks to confirm its credit.
Letters of Credit in U.S. Bank Failures: Possible Outcomes
Creditworthiness and reliability are foundational to letters of credit. By substituting the creditworthiness of the issuing bank for that of
Electronic Presentation of Documents? It’s Already Happening
Despite established rules like the eUCP and eURC, the practical implementation of electronic presentations lags. Except perhaps via email and Fax...
2023 ICC Banking Commission Technical Meeting 24-25 October 2023: Executive Summary
Summary takeaways from the ICC Banking Commission Technical Meeting
LC Issuances Drop to 32-Month Low in Bangladesh
Multiple factors have contributed to a continuing precipitous fall in the value of LCs opened and settled in Bangladesh. According
ICIEC Reaches Credit Insurance Policy Deal with Saudi EXIM Bank
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a segment of the Islamic Development Bank (IsDB)
