DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
DCW Updates
480 articles
(Page 23)
DCW Updates
ICC & Swift Release API Standards for Guarantees & Standbys
The ICC announced on 13 August 2023 release of the first application programming interface (API) industry standards for bank guarantees
DCW Updates
Nigeria Reports Drop in LCs for 2Q23
Although letter of credit payments of USD 841.21 million for the first half of 2023 were 12.3% higher
DCW Updates
Investigations Expand into Vesttoo LC Fraud Allegations
The US Federal Bureau of Investigation’s (FBI) has reportedly begun its own probe into allegedly fraudulent letters of credit
DCW Updates
UK’s E-Trade Documents Act Finalised, Industry Action Now Needed
UK Electronic Trade Documents Act 2023 was enacted on 20 July 2023. Here's what needs to happen next.
DCW Updates
Pakistani Banks Required to Arrange USDs for Import LCs
State Bank of Pakistan (SBP), the country’s central bank, has lifted restrictions on Pakistani banks opening letters of credit
DCW Updates
Broadband Providers Push Back against US Gov LC Requirement
A coalition of internet service providers, broadband associations, and digital equity advocates in the US are challenging a requirement that applicants for federal broadband funding must furnish a letter of credit in order to receive funds.
DCW Updates
Charter Party B/L Showing Two Shipping Dates: Acceptable or Not?
In a recent discussion circle, LC specialists considered the situation of a bank receiving an MT710 to which the first
DCW Updates
Court Reverses on California’s Excessive LC Fees Claim
An appellate court has reversed a trial decision, determining that an “overly burdensome” pleading requirement was applied to the amended
DCW Updates
ICC Meeting Announces & Reflects on Frustrating, Disappointing Results
At its third quarterly meeting of the year conducted virtually on 11 July 2023, the ICC Banking Commission reported on
DCW Updates
ICC Issues Briefing on Invoice Titles
Citing frequent instances expressed on social media and otherwise where the types of invoices acceptable or not under UCP-issued
DCW Updates
EU Maintains Capital Requirements for Performance-Related Trade Products
this has links to Feb 2023 DCW item on EU capital requirements
DCW Updates
Sudan Situation “Extremely Grave”
According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and