DCW Updates
EU Maintains Capital Requirements for Performance-Related Trade Products
this has links to Feb 2023 DCW item on EU capital requirements
Sudan Situation “Extremely Grave”
According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and
Payra Thermal Power Plant in Bangladesh Resumes Production After Coal Shortage
Bangladesh’s largest power plant has resumed production on 25 June 2023 after a 20-day hiatus caused by a shortage
Pakistan Plan Seeks to Lower LC, Freight Charges for Petro Products
In a move aimed at easing pressures on foreign exchange reserves, Pakistan is designing a bonded bulk storage policy for
Energy LEAP Drafts Compliance Clauses for Russian Sanctions
Following coordination of price cap sanctions on Russian origin crude oil and petroleum products first put in place in December
Price Checking Goods: Overrated & Underwhelming
For years, compliance specialists within banks have been skeptical that the price checking of traded goods is an effective measure
Risks of Email Presentation under LCs Addressed in ICC Briefing Paper
error in initial date in DCW PDF but fixed here.
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,
OFAC Sanctions 4 Entities for Aiding Sudanese Conflict
On 1 June 2023, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions controls four companies
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?
Singapore Registry Aims to Thwart Trade Finance Fraud
In a move designed to counteract the risk of duplicate financing and elevate confidence in trade financing dealings among banks
