DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
Latest news (Page 16)
DCW Updates
BPCE Issues Europe’s First Defence Sector Bond
In a move indicative of a broader shift in security finance, Groupe BPCE became the first financial institution in Europe
DCW Updates
ISP98 Form 11.1 for U.S. Government SBLCs Now Online
ISP98 Form 11.1 (Model US Government Standby) is the latest addition to IIBLP’s series of model forms available
DCW Updates
DCW LC Stats Sourcing Explained
On a quarterly basis, DCW publishes LC issuance statistics for the Top 600 US banks. For many DCW readers these
DCW Articles
The French Adaptation of MLETR
France adopted law aligned with the UN Model Law on Electronic Transferable Records in 2024. As of August 2025, it now a degree which defines technical criteria for a reliable method to achieve the goals of the MLETR.
October 2025
Managing Compliance in Defence and Military Goods Financing
This Whitepaper tackles compliance challenges in financing defence and military goods amid rising global tensions. Co-authored by ITFA in partnership with the Centre for Economic Security.
DCW Articles
Electronic Transport Documents from the MLEC to the MLETR
In many respects, the MLEC served as a starting point for treatment of electronic transport documents in the MLETR. This article explains the consistency of some provisions contained in the two Model Laws and areas where the MLETR differs and has advanced further.
DCW Litigation Digest
North American Airlines, Inc. v. Wilmington Trust Co.
Lessee sued Lessor/Owner Trustee for breach of contract and conversion.
DCW Conference Report
2025 London Trade Finance Compliance Annual Meeting: Executive Summary
The Institute of International Banking Law & Practice conducted its one-day London Trade Finance Compliance Annual Meeting, 30 September 2025. This summary provides an overview of topics discussed and debated by leading professionals at the program hosted by Stephenson Harwood as a hybrid event.
DCW Scam Survey
Group Accused of Duping Indian Pharma Trader with Fake LC
Six owners and associates of Prizam Alliance Pvt Ltd. of Surat, India, are under investigation by the Economic Crime Prevention
October 2025
DCW Monthly: October 2025
From digital trade to defense finance, this month we're looking at how law and policy continue to evolve
UCC Section 5‑108(g)
US Rev UCC 5-108(g)
US Rev UCC 5-108(g) states: “If an undertaking constituting a letter of credit under Section 5‑102(a)
Q3 2025 CPD Certificates Available
DCW members earn CPD credit each quarter. Following the first certificate released earlier this year, your Q3 2025 certificate is
