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 39)
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.
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England’s Vexing Guarantee Legacy: Can Better be Done?
Did English courts finally define the difference between a surety guarantee versus a demand guarantee?
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New SWIFT Changes Built to Support More Precise Usage
A long time banker shares insights on his observations and experiences with the major upgrade to the SWIFT 760 (guarantees/standby LCs) series of message types that took effect in November 2021.
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Lin Named Partner at Rajah & Tann
Singapore attorney Nathanael Lin Named equity Partner at Rajah & Tann and will cover shipping, commodities and trade finance.
DCW Updates
NY Supreme Court Grants Summary Judgment to BNP
The Supreme Court of New York issued decisions granting summary judgment to BNP Paribas for more than USD 46 million plus interest against Natixis.
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ICC Technical Advisory Briefing No. 1 (TAB-1) - on Non-Documentary Conditions
The ICC Banking Commission released its “Technical Advisory Briefing No. 1” on the topic of Non-Documentary conditions in Documentary Credits subject to UCP 600.
DCW Updates
Sri Lanka: Importers now Insisting on Confirmed LCs
As the country’s foreign exchange shortage worsens, regular suppliers of imports who previously extended credit terms are now insisting on confirmed LCs.
DCW Updates
Stevenson Appointed SVP of Trade at BAFT
Longtime trade finance expert Scott Stevenson joined BAFT as Senior Vice President of Trade in 2021.
DCW Updates
Joint Motion for Protective Order Granted in Zions
US Court granted a joint motion for a protective order in breach of contract action Zions v. JPMorgan.
DCW Updates
Additional ICC Technical Advisory Briefing Topics Identified
Following the release of TAB-1, the ICC announced three future TABs for 2023 and beyond.