DCW Updates
DCW Monthly: December 2024
We’re thrilled to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Five
DCW Updates
317 articles
(Page 2)
DCW Updates
Canadian Province Proposes Surety Bonds as Option for Securing Municipal Obligations
In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian
DCW Feature
China Construction Bank Sued Over LC Fraud Connected to Vesttoo
White Rock, an insurance solutions provider owned by Aon, filed a lawsuit on 27 August 2024 against China Construction Bank
DCW Updates
Free Webinar: Navigating Sanctions, Dark Fleet Risks, and Financial Crime Update
A free webinar, offered by the Association of Trade Finance Compliance Professionals (ATFCP), will discuss the latest developments in global
DCW Updates
Two Draft Opinions to be Discussed at November 2024 ICC Banking Commission Session
Two Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
DCW Updates
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
DCW Updates
ICC Defines Trade Finance
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
September 2024
LC & Guarantee Issuance: Under or Out of Control?
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
DCW Updates
100% Electronic B/Ls by 2030: The Numbers Behind the Number
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
DCW Updates
Bank of England Breaks with Basel, keeps 20% CCF for Trade Instruments
The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.
DCW Updates
Righting an Irregular Presentation … with a Twist
Beneficiary presented late shipment documents under an LC. The issuing bank deducted penalties without a refusal notice, raising debate on clause 47A-7, UCP 600, and consent.
DCW Updates
Pakistan Looks to Deepen Trade & Energy Ties with Russia
Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the
DCW Updates
Ethiopian Importers Harmed by Country’s Abrupt Foreign Exchange Reforms
Ethiopia’s central bank’s simultaneous announcement and roll out of major foreign exchange reforms on 29 July 2024 caught