DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
October 2026
12 articles
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
Weifang v. Euro Exim: Conditional Payment Term Upheld
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.
DCW Updates
US Treasury Imposes Record Penalties against Bank of America
On 13 October 2026, the US Department of the Treasury announced that three of its agencies have imposed enforcement actions,
DCW Updates
Guidance Paper for Identifying Red Flags Updated
Updating its guidance paper of 2015 which listed 16 “red flag” indicators of suspicious activity in letters of credit and
DCW Profiles
A Lifetime of Learning Fosters Correct Decision-Making
Trade Finance Career Spotlights: Glenn Ransier Glenn Ransier has spent a career riding trade finance's highs and lows,
DCW Profiles
The Recipe for Trade Finance Success
A Conversation with Cherine Kenawy Drawn to trade finance by its complexities and interconnectedness, Cherine Kenawy, Executive Director of Trade
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Unpublished work by Prof.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
October 2026
Standby Letter of Credit Automation: Why It Matters
Standby LC portfolios often rest on processes that work until a single point of failure is tested. Here, Nick Mayer, President of Cibar, explains why banks are rethinking how renewals, fees and compliance checks are handled, and where automation strengthens control rather than replacing judgement.
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.
DCW Articles
The Skills Cliff, Part 3: Return of the Trade Finance Jedi
Welcome to Part 3 of the Trade Finance Skills Cliff series. If you haven’t read Part 1 and Part
