DCW Monthly: June 2025

This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.

Chris Sandler Jun 13, 2025

A Critical Review of ICC Opinion TA.948

Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.

Rupnarayan Bose Jun 13, 2025

DCW Updates

English Court Rules for Lenders in Russian Aircraft Lessor Policy Claims

In a highly anticipated ruling, the English High Court concluded that AerCap Ireland Limited and other lenders who lost aircraft

DCW Newsroom Jun 13, 2025

DCW LC Statistics

LC Statistics: 1Q25 US Bank LC Issuance

DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for 1Q 2025.

DCW Newsroom Jun 12, 2025

DCW reports quarterly LC issuance statistics for the top 600 banks headquartered in the US.

Notes about the LC Issuance Data:

Numbers are in USD 1,000s and reflect net LC value amounts outstanding at close of referenced quarterly period.
"Financial SBLCs" and "Performance SBLCs" reflect net after subtracting respective amounts conveyed to others.
"Standby LCs" reflects the combined total for "Financial SBLCs" and "Performance SBLCs".
"Total LCs" reflect totals for "Standby LCs" and "Commercial & Similar LCs".

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