DCW Updates

HSBC “Fast Tracks” Demand Guarantees

An Embedded Thorny Clause to Clear Payment of Standby

Issuing bank received a timely demand that complied with the standby. However, on the beneficiary’s cover letter, the payment instruction request to remit payment to their account with a different bank than what is stated on the certification.

Lack of Funds, Not Force Majeure Event, Prevent Oil Trader from Paying

EBRD Trade Facilitation Programme Boosts Support for Ukraine

Introducing the Bank Payment Undertaking

Cautionary Sanctions Clauses

Ground Rules for ISBP Review Process Disclosed

Singapore LC Market Reacts to Credit Agricole Case Reversal

ICC Draft Opinions Discussed at January 2024 Session

FinCEN Takes Next Step in Final Rules for Implementing CTA

US Treasury's FinCEN close to finalizing the rules for implementing the Corporate Transparency Act's beneficial ownership registry process.

Standby Issuance for a High-Valued Client and the “X” Factor

ICC Draft Opinions Released for January 2024 Discussion