DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
Pay and Walk Clause
2 articles
DCW Articles
Don’t Walk Away: A Tried and Tested Alternative to “Pay and Walk”?
Practice rules for independent undertakings do not address "pay and walk" clauses that are being used in some regions and shunned by others. Here, David Williams puts forth an alternative option for consideration.
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
