For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
The ongoing effort to revise ISBP 821 (2023) has now reached an advanced stage with an updated Draft 3 revision
A survey conducted by DCW reinforces the notion that the eUCP Directory to date has been unable to boost confidence in the rules supplement designed for electronic commercial credits.
In October 2023, ICC announced public launch of an eUCP Directory on its website. Designed as a means for ICC member banks to showcase their ability to handle credits subject to the Supplement to the Uniform Customs and Practice for Documentary Credits for Electronic Presentation (eUCP) and inform of any required parameters which must be followed for eUCP credits, the eUCP Directory currently includes postings for 20 banks (31 branches) in 15 jurisdictions.
Arranged on the eUCP Directory webpage by jurisdiction, it includes listings for 13 banks in China – Agricultural Bank of China; Bank of China; Bank of Communications; China CITIC Bank; China Construction Bank; China Everbright Bank; China Guangfa Bank; China Merchants Bank; China Minsheng Bank; China Zheshang Bank; Industrial Bank; PingAn Bank; Shanghai Pudong Development Bank – 11 locations of Société Générale in Belgium; France; Germany; Hong Kong SAR; India; Netherlands; Republic of Korea; Singapore; Spain; Switzerland; United Kingdom – and Jordan Islamic Bank (Jordan); MUFG Bank (Malaysia); Standard Chartered Bank (Singapore); Bank of China (Singapore Branch); DBS Bank (Singapore); Lloyds Bank plc (United Kingdom); and J.P. Morgan (USA).
In an attempt to learn from banks’ experiences being included in the eUCP Directory over the past 18 months and the level to which their listings have generated interest in their handling of eUCP credits, DCW reached out to designated contacts at the banks listed in the directory for feedback. Eighteen banks offered responses, one bank failed to reply to multiple requests for feedback and one marketing representative conveyed their bank’s preference to “sit this one out”.
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
The ongoing effort to revise ISBP 821 (2023) has now reached an advanced stage with an updated Draft 3 revision
On 20 April 2025, Bangladesh Bank’s Foreign Exchange Policy Department issued FE Circular Letter No. 14, “Remittance against import
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