DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Standby LC
94 articles
(Page 8)
Standby LC
US Federal Home Loan Banks Release 2021 Data
The US Federal Home Loan Bank (FHLBank) system each released in February 2022 their unaudited financial results for year-end 2021.
Standby LC
Texas Man Sentenced for Fraud Involving Standby LC
Russell Hearld of Sugar Land, Texas, has been sentenced for wire fraud related to a scam involving a standby letter of credit.
DCW Updates
Making the Case for Simplified LCs
Speaking at the March 2021 meeting of the BAFT West Coast LC Committee, guest speaker Buddy Baker renewed his advocacy
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