The Official Commentary on the International Standby Practices: ISP98

Analysis of each ISP98 rule, containing:

• Statement of its origin and place in standby practice
• Analysis of the issues addressed by the Rule
• Cross references
• List of applicable ISP provisions
• Reference to other sources such as the UCP, URDG, UCC Article 5 & UN Convention

• Bankers who use standbys and demand guarantees
• Lawyers dealing with standbys and demand guarantees
• Corporates working with standby letters of credit or guarantees
• Professionals needed guidance regarding ISP98

The Institute of International Banking Law & Practice offers a number of resources to aid in transactions subject to ISP98. They include:

• ISP98 Leaflet
• ISP98 Model Forms
• ISP98 Interpretations
  

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