DCW Monthly: March 2026
This month’s content highlights a familiar reality in letter of credit law & practice: structure alone does not guarantee
Standby LC
89 articles
(Page 8)
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
ISP98
ISP98 Interpretation 3: Does Standby also Include Confirmation
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the
ISP98 Interpretation
ISP98 Interpretation 2: PRC Independent Guarantee Provisions and ISP98
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the
ISP98
ISP98 Interpretation 1: Application to Independent Guarantees
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the