DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
Egyptian banks opened LCs worth USD 11.6 billion over a six-week stretch from 1 March to mid- April 2022
Starting March 1, 2022, Egypt's Central Bank now mandates the use of documentary credits for import operations, discontinuing documentary collections, except for certain exceptions.
Bangladesh Bank plans to reduce Import LCs by increasing he margin requirements for opening the LC. See how that affected issuance numbers.
PAKISTAN: Ishaq Dar, appointed on 28 Sept as the country’s finance minister for the fourth time, has made strengthening
Indonesian BNI Xpora Program Facilitating Digital Trade
State Bank of Pakistan (SBP) is requiring all banks to seek prior approval before financing imports.
Nepali banks said they would follow a “verbal directive” from Nepal Rastra Bank (central bank) to “discourage” traders from opening
The Central Bank of Egypt announced in mid-February 2022 that Egyptian banks must only accept letters of credit for the purchase of imports.
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