US UCC Article 5’s Non-Variable Provisions
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
BAFT responds to US regulatory proposal "Basel Endgame" on capital requirements, emphasizing fair treatment for trade finance.
For the 24th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Americas Letter of Credit Law Summit.
this has links to Feb 2023 DCW item on EU capital requirements
Proposed EU Capital Requirements Regulation changes may raise credit conversion factor for standby letters of credit. Limited data suggests low default rates. Banks issue standbys for fees, and despite credit risk, many expire unused.
According to published reports, the EU appears to be on a path for abandoning a planned tenet of Basel reforms
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