DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
DCW Articles
The Profile of LC Users: Evidence from 135,000 Trading Firms
A study of 135,000 Vietnamese trading firms reveals some interesting data regarding what it takes to access trade finance products from banks. Hint: start-ups do not get access.
5 min read
What 135,000 Vietnamese trading firms reveal about access to trade finance
Trade bankers tend to have pretty good instincts for who ends up using letters of credit. A new academic study using detailed trade data from Vietnam suggests those instincts are mostly right — and the numbers behind them are fascinating. But first, a quick explanation of why Vietnam:
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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Unpublished work by Prof.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
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