August 2026
DCW Monthly: August 2026
Every industry eventually meets the bill for a problem it saw coming and filed away for later. Michael Byrne, IIBLP&
DCW Articles
It is Good to be Reminded of What You Already Know
How banks unnecessarily complicate the LC process and why a simple standby LC often is the optimal trade risk solution for trade partners.
3 min read
I read with great interest the DCW March 2021 edition which reported on the meeting of the BAFT West Coast LC Committee held the same month, where Mr. Buddy Baker was the guest speaker (“Making the Case for Simplified LCs”, Mar. 2021 DCW 3; see also “The Problem is Not with the UCP, It’s with the LCs”, by Buddy Baker, Sept. 2019 DCW 22).
Like many commentators before him, Baker articulated why the commercial LC process has gotten overly complex.
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DCW Articles
How ISDGP Sees Automatic Extension of Guarantees
Although automatic extension is not addressed in the URDG758 rules, the ISDGP articulated in 2021 contains provisions to help interpret such terms if included in a demand guarantee.
DCW Articles
Three Originals, One Misunderstanding
Every bill of lading is issued three times over. Nobody needs 3, the rules don’t insist on 3, and change is coming on 3 September!
DCW Articles
Trade Finance in Times of Conflict: Key Lessons from the ICC Guidance Document
Recent ICC guidance addresses practical trade finance issues arising from the Middle East conflict. Having a nimble strategic approach for coping with operational risk is paramount for banks.
DCW Articles
The Trolley Problem Comes to Trade Finance
The first in a three-part series on the trade finance skills cliff.
