July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
DCW Updates
462 articles
(Page 28)
DCW Updates
MT799 Misuse Diminishing, but Still Occurs
Very few banks will now issue an LC using the SWIFT MT799 format as most banks, especially in Europe, will
DCW Updates
ICC Draft Opinions Released for January 2023 Discussion
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
DCW Updates
Successor by Operation of Law and Amendments
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being
DCW Updates
ICC Briefing Addresses Practice of Modifying and Excluding UCP600 Articles
The ICC Banking Commission addresses the subject of “Modifications and Exclusions under Documentary Credits subject to UCP 600” in Technical
DCW Updates
A Thanks to Jim Barnes for His Contributions to the LC Community
Let's hear from some of the LC community as they share memories and stories of their time working
DCW Updates
Pakistan: No Restrictions on LCs
Citing media misinformation intended to create uncertainty in the oil and gas market, the State Bank of Pakistan (SBP) issued
DCW Updates
US Commerce’s BIS Adjusts Its AntiBoycott Rules Enforcement
The Bureau of Industry and Security (BIS), a division within the US Department of Commerce, announced it is updating its
DCW Updates
Standbys without Expiration Dates
What can you, as a US bank, do when a customer tells you that they need you to issue a
DCW Updates
Egypt to Phase Out Mandatory LCs for Imports
The Central Bank of Egypt announced in a statement released on 27 October 2022 that it will begin a process
DCW Updates
In Memoriam: Francis Ho
Long-time trade finance operations manager Francis Ho died 1 October 2022. Francis who started in banking in October 1972
DCW Updates
Singapore Court Dismisses Bank’s USD 37m Claim Related to Hin Leong Transaction
In UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. decided 21 October 2022, the High Court of Singapore dismissed
DCW Updates
South African Banking Law Expert Charl Hugo Honored
On 27 October 2022, Professor Charl Hugo, one of South Africa’s leading banking law experts was honored with a