DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
DCW Articles
Insights on Standby & Guarantee Use in Latin America
From formal and informal discussions at CLACE, Miguel Angel Bustamante Morales sheds light on attitudes and approaches of trade specialists in the market towards standby and guarantee use.
8 min read
At the recent Latin American Foreign Trade Congress – an event better known as CLACE — organized by FELABAN[[1]] and held in Buenos Aires, Argentina, 6-7 June 2019, I led a one-hour discussion session designed to take up topics of interest regarding demand guarantees, standby letters of credit, Incoterms 2010, eUCP, and the eURC rules.
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DCW Articles
Analysis and Insights on ISP98 Rule 1.09(c): Electronic Presentations and "Electronic Record" Definition
Unpublished work by Prof. Byrne examines the first of four terms contained in ISP98 Rule 1.09(c) that provide terminology for use in standbys that permit or require presentation by non-paper means.
October 2026
In Memoriam: Boris Kozolchyk
The trade finance world was saddened by the news of the loss of one of our own: Boris Kozolchyk. Below
October 2026
Standby Letter of Credit Automation: Why It Matters
Standby LC portfolios often rest on processes that work until a single point of failure is tested. Here, Nick Mayer, President of Cibar, explains why banks are rethinking how renewals, fees and compliance checks are handled, and where automation strengthens control rather than replacing judgement.
DCW Articles
Inbound vs. Outbound Guarantees: How Corporates Can Manage Risk and Working Capital Effectively
Corporate treasury teams can attain efficiency advantages and mitigate risk by elevating their level of oversight and control of guarantees and standbys for which they are beneficiary. Alexander Paetzold of Trade Technologies explains how.
