DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
DCW Updates
451 articles
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DCW Updates
Trade Technologies Opens Office in Dubai
Trade Technologies, an international trade document solutions provider, announced its opening of an office in Dubai, UAE. Founded in 1999
DCW Updates
Egypt’s Central Bank Mandates LC Use for Imports
The Central Bank of Egypt announced in mid-February 2022 that Egyptian banks must only accept letters of credit for the purchase of imports.
DCW Updates
Sanctions Watch
Below is a quick list of sanctions imposed upon Russia by the EU, UK, and US regulators.
DCW Updates
UAE Transitions to New Work Week Schedule that Matches Western World
UAE Aligns work week schedule with western workdays
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Surecomp Announces Partnership with Enigio
Surecomp Announces Partnership with Enigio to embed trace:original into API-based digital trade flows.
DCW Updates
LC Issuer Unable to Recover Funds in Singapore “Round-Tripping” Case
In Crédit Agricole Corporate & Investment Bank, Singapore Branch v. PPT Energy Trading Co Ltd [2022] SGHC(I) 1, the
DCW Updates
Pakistan Senate Bill Pushes against Discrimination of PEPs
Pakistan’s Senate unanimously approved a bill in 2022 that envisages punishments for bank and financial institution executives who discriminate against politically exposed persons (PEPs).
DCW Updates
Latest ICC Draft Opinions Released for April 2022 Meeting
The ICC Banking Commission has released three Draft Opinions that will be discussed at its next opinion review session that
DCW Updates
Non-Bank LC Issuance: Concerns Linger
Because of widespread interest on the subject, the ICC Banking Commission issued ICC Opinion TA537 (2002) on when a non-bank
DCW Updates
Russian Oil Buyers Unable to Obtain LCs, Banks Back Off
According to multiple trading sources cited by Reuters, at least three major buyers of Russian oil have been unable to open letters of credit from unnamed “Western banks” to cover purchases on 24 February 2022.
DCW Updates
Singapore Banking Community Mourns Loss of De Silva
Singapore Banking Community Mourns Loss of Lionel De Silva
DCW Updates
US Federal Home Loan Banks Release 2021 Data
The US Federal Home Loan Bank (FHLBank) system each released in February 2022 their unaudited financial results for year-end 2021.