DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
DCW Articles
The Profile of LC Users: Evidence from 135,000 Trading Firms
A study of 135,000 Vietnamese trading firms reveals some interesting data regarding what it takes to access trade finance products from banks. Hint: start-ups do not get access.
5 min read
What 135,000 Vietnamese trading firms reveal about access to trade finance
Trade bankers tend to have pretty good instincts for who ends up using letters of credit. A new academic study using detailed trade data from Vietnam suggests those instincts are mostly right — and the numbers behind them are fascinating. But first, a quick explanation of why Vietnam:
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DCW Updates
ICC Releases Draft Opinions for July 2026 Discussion
Six Draft Opinions will be taken up by the ICC Banking Commission at its next quarterly Technical Advisory meeting on
DCW Updates
Versana Expands into LCs
New York-based data and digital infrastructure company Versana announced on 19 May 2026 that it now offers banks the
DCW Updates
The Problems are NOT with UCP600
The rules are what they are and it’s time to move beyond what more they should include, less they
DCW Updates
Data Suggests US Bank-Provided Trade Finance Poses Limited Risk
While acknowledging the reporting of trade finance data is “scarce and fragmented”, an article released by the Board of Governors