DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
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On 3 July 2007, the US Office of the Comptroller of the Currency (OCC) issued a Notice of Proposed Rulemaking to amend an assortment of regulations, one of which is 12CFR7.1017/National Bank as Guarantor or Surety.
If accepted, the change would expand authority for US national banks to issue accessory guarantees.
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DCW Updates
ICC Digital Standards Initiative Announces Refresh
Grappling with a high degree of concern over increasing fragmentation across the digital trade landscape, the ICC Digital Standards Initiative
DCW Updates
ICC Releases Draft Opinions for November 2026 Technical Session
Four draft opinions, two of which dealing with insurance documents and war risk exclusion wording, will be discussed in the
DCW Updates
Court Rules on Disputed “Payment from Applicant” Condition in Weifang v. Euro Exim
The ruling in Weifang JS Trading Co. v. Euro Exim Bank centered on treatment of the Field 47A payment term
DCW Updates
Lloyds Issues, Commerzbank Completes eUCP LC
Commerzbank has announced completion of its first letter of credit involving electronic presentation of digital documents.