DCW Updates

Bold Critique of SWIFT: Justified or Not?

Even as SWIFT volumes have ascended to record levels amid the global pandemic, The Economist has issued a call for

ICC BC Technical Advisory Briefings to Debut in 1Q22

Singapore Amends Its Electronic Transactions Act, Recognizes eB/Ls

Charges Multiply against Hin Leong Oil Trading Founder

Twenty-five forgery-related charges were levied last year against Lim Oon Kuin, founder of collapsed oil trading firm Hin

Making the Case for Simplified LCs

Speaking at the March 2021 meeting of the BAFT West Coast LC Committee, guest speaker Buddy Baker renewed his advocacy

Singapore’s ABS Establishes Industry Guidelines for Commodity Financing

The Association of Banks in Singapore (ABS), in concert with government agencies of Singapore, published a “Code of Best Practices

Identifying and Overcoming the Risks of Applying UCP to Murabaha LCs

Sanctions’ Clauses from the Perspective of LC Users

OCC Issues Final Rule Regarding Guarantees

The US Office of the Comptroller of the Currency (OCC) issued its final rule containing amendments to its financial guarantee

Blocked after Presentation: Another Layer of Concern

Should an issuing bank pay if presented documents comply, but it learns of recent news that an entity involved within

Proposed US Rule Would Expand Accessory Guarantees

On 3 July 2007, the US Office of the Comptroller of the Currency (OCC) issued a Notice of Proposed Rulemaking

Inoperative Conditions

So-called “inoperative conditions” regularly trouble LC users because there are both appropriate and inappropriate ways of utilizing them. Such