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 29)
DCW Updates
Iran, Russia Agree on SWIFT Substitute
With Iranian banks and some Russian banks unable to use SWIFT, the central banks of the two countries signed an
DCW Updates
On His Retirement, Barnes Recognizes Collaboration With Byrne
DCW wishes to recognize my retirement as a lawyer after 50+ years, all with Baker & McKenzie1 and including 30+
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Islamic Banks and Trade Compliance Expectations
Question: When it comes to Islamic trade finance transactions, are Islamic banks at a higher risk for trade compliance/TBML
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The Depths of Crypto Mining
Favorable power costs and relatively low land prices are two factors that have attracted cryptocurrency miners to the US state
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LC Community Pays Tribute to Hugo Verschoren (1956-2022)
The Trade Finance community has lost not only a great expert, but also a warm personality. Hugo Verschoren started his
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LC Legend Jim Barnes Retires
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
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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
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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
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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
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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
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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
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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