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
Originality of Paper and Electronic Documents (Part 2)
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 2 of an article series.
15 min read
In Part 1 of my article (Feb 2022 DCW 24), I analyzed various aspects of paper document presentation, issues of originality of paper documents, and ways of signing them. There are still some issues left to consider.
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DCW Updates
Lloyds Issues, Commerzbank Completes eUCP LC
Commerzbank has announced completion of its first letter of credit involving electronic presentation of digital documents.
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Unpublished work by Prof.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
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.
