2026 - June 16 | DSCA Policy Memo 26-50 Standby Letter of Credit in lieu of Termination Liability Update has been posted. Effective immediately, this memorandum updates policy in reference (a) to revise the processes and guidelines to implement a Standby Letter of Credit (SBLC) in lieu of Termination Liability (TL). Specifically, the value of the SBLC is not required to cover the cumulative TL amount for all cases. Rather, the SBLC amount will offset the partner’s total TL requirement and is determined by the partner based on the amount of national funds it intends to use to fulfill its TL reserve requirement. This memo:
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