DCW: Most Read in 2025
Since going fully online in May 2024, DCW has seen significant growth. The addition of eBooks, CPDs, an expanded archive,
ISP98 Model Forms
12 articles
DCW Conference Report
2025 Americas Standby & Guarantee Forum: Executive Summary
For the 19th consecutive year, IIBLP conducted its Americas Standby & Guarantee Forum. Held in New York City on 4 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
DCW Articles
Inside Ops: Pete DelGrosso on SBLCs and the ISP98 Forms
A simpler, more standardized approach to standbys benefits everyone and the ISP98 Model Forms offer built-in best practices.
April 2025
Discussion Exposes Troubling Standby Wording and Choice of Rules
In a recent discussion, LC specialists were asked if they would be willing to issue a standby LC subject to
ISP98 Model Forms
ISP98 Model SBLC Forms
The ISP98 Model Forms are fillable templates written by bankers and lawyers, and are aligned with ISP98 (ICC Publication No. 590), the most widely used rules for standbys.
ISP98 Model Forms
ISP98 Form 1 - Model SBLC with Payment Demand
ISP98 Model Form 1 is a template for a Standby Letter of Credit (SBLC) that also incorporates an annexed Form of Payment Demand with Statement.
ISP98 Model Forms
ISP98 Form 2 - Model SBLC Providing for Extension
ISP98 Model Form 2 is a template for a Standby Letter of Credit (SBLC) providing for extension and incorporating annexed Form of Payment Demand with Alternative Non-Extension Statement.
ISP98 Model Forms
ISP98 Form 3 - Model Standby Providing for Reduction
ISP98 Model Form 3 is a template for a Standby Letter of Credit (SBLC) providing for Reduction and that also incorporates an annexed Form of Reduction Demand.
ISP98 Model Forms
ISP98 Form 4 - Model SBLC Providing for Transfer
ISP98 Model Form 4 is a template for a Standby Letter of Credit (SBLC) providing for Transfer and incorporating a template of a Transfer Demand.
ISP98 Model Forms
ISP98 Form 5 - Simplified Demand Only SBLC
ISP98 Model Form 5 is a template for a simple Demand Only Standby Letter of Credit (SBLC).
ISP98 Model Forms
ISP98 Form 6 - Model Counter Standby
ISP98 Model Form 6 is a template for a Model Counter Standby Letter of Credit (SBLC) with Annexed Form of Local Bank Undertaking
ISP98 Model Forms
ISP98 Form 7 - Model Standby Requiring Confirmation
ISP98 Model Form 7 is a template for a Standby Letter of Credit (SBLC) requiring Confirmation.
ISP98 Model Forms
ISP98 Form 8 - Model Confirmation of Standby
ISP98 Model Form 8 is a template for a Confirmation of a Standby Letter of Credit (SBLC).