Non-performing loans(NPLs) of commercial banks hamper the development of Chinese banking sector for long. The state-owned shareholdings representing the willingness of government intervention are taken as the driven factor for the high NPL ratio of commercial banks. In the process of deepening...

This paper discusses how to treat the problematic existence of a non-documentary condition within a letter of credit that does not specify a required document to evidence its compliance. While the current Uniform Customs and Practices for Documentary Credits (UCP) simply direct banks to...