October 2025
DCW Monthly: December 2025
As the year draws to a close, this month’s DCW focuses on the issues likely to carry into 2026.
Latest news (Page 72)
DCW Articles
Standby Letters of Credit with “Pay and Walk” Clauses: How They Work and What to Watch for
Certain banks issuing standby letters of credit subject to ISP98 (or demand guarantees subject to URDG758) have been including “Pay
Receivables purchase
Comparing Receivables Purchase with Documentary Credit Financing
Within the ambit of trade finance is found a broad range of products and solutions that support global trade and its growth. This article discusses Receivables Purchase, a method of financing different from traditional lending, and financing linked to documentary credits.
DCW Articles
The Problem Is Not with the UCP, It’s with the LCs
Calls to simplify the UCP are nothing new—but are we solving the wrong problem? Buddy Baker argues it’s not the rules that need fixing, but the over-complicated letters of credit themselves. Could a simpler LC structure reduce errors, speed up processing, and cut through the red tape?
DCW Articles
Potential Issues with Demand Guarantees – Lessons for Bankers from a Singapore Case
A Singapore court case highlights critical pitfalls in handling demand guarantees. This article unpacks lessons for bankers on documentation, fraud risk, counter-guarantees, and navigating complex cross-border disputes.
February 2019
Problems Cited with Export LCs from Bangladesh
From recent discussion among LC specialists, DCW has learned that bankers at some US-based financial institutions are aware of banks
ISP98
ISP98 Interpretation 3: Does Standby also Include Confirmation
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the
ISP98 Interpretation
ISP98 Interpretation 2: PRC Independent Guarantee Provisions and ISP98
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the
ISP98
ISP98 Interpretation 1: Application to Independent Guarantees
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the