Trade Finance Career Spotlights: K. Nizardeen K. Nizardeen has been around the trade finance scene in the Middle East for
A Conversation with Kristin Kyle-McQuesten “Know Your Customer” isn’t only vital for compliance reasons. Throughout her career, it’
DCW reports quarterly LC issuance statistics for the top 600 banks headquartered in the US. Numbers are in USD 1,
Unreimbursed LC Issuer alleged sham transaction between Beneficiary and insolvent Applicant.
In case where Seller pursued claim for purchase price, court determined LCs were conditional, not absolute, forms of payment.
Case involved LCs containing a condition that Issuing Bank would only honor demands if Applicant first furnished indemnification to Issuing Bank.
On 31 March 2026, US Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert of sham
Case from China's Jiangsu High People’s Court involving issuing bank suing carrier for compensation for carrier’s release of cargo against applicant’s letter of indemnity in lieu of original bill of lading contains important lessons for banks.
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