October 2025
DCW Monthly: January 2026
We start 2026 with a focus on how courts, technology, and compliance realities are testing frameworks that were largely built
Standby LC
88 articles
(Page 6)
DCW Updates
Standby LCs and Non-Extension Clauses
Bankers share opinions on what it means when a non-extension notice is sent more than 60 days prior to expiry, but then LC extended 6 months anyway.
DCW Articles
Standby LCs Are Good Business – If You Know What You Are Doing!
Proposed EU Capital Requirements Regulation changes may raise credit conversion factor for standby letters of credit. Limited data suggests low default rates. Banks issue standbys for fees, and despite credit risk, many expire unused.
DCW Articles
UCP and Standbys
Use of UCP600 for standbys continues, despite there being better suited rules in ISP98
DCW Updates
Standbys without Expiration Dates
What can you, as a US bank, do when a customer tells you that they need you to issue a
DCW Feature
Case Illustrates Perils of Drafting LC Draw Caps and Handling Non-Standard LC Transactions
In Natixis Funding Corp. v. GenOn Mid-Atlantic, the 5th Circuit addresses crucial aspects of letter of credit practice, exploring prepayment, collateralization, structured finance, indemnities, good faith limits, and consequences of drafting errors.
DCW Articles
Eurobank Ergasias S.A. v. Bombardier Inc.:
Guarantors Caught Between Home Courts That Do Not Apply the Fraud Exception and Courts in the Counter-Guarantor's Country
DCW Litigation Digest
Project Stewart, LLC v. JPMorgan Chase Bank, N.A. [2022]
Beneficiary sued Issuer for Wrongful Dishonor.
