Want to know:

143. At the request of the issuing bank, a reimbursing bank has issued its reimbursement undertaking infavour of a nominated bank. The beneficiary notify the nominated bank of the documentary credit and subsequently presents documents direct to the issuing bank for settlement. What best describes the action that the issuing bank should now take?a) Check the documents and, if compliant, make payment to the beneficiary through the reimbursing bank.b) Check the documents and, if compliant, make payment to the beneficiary and seek cancellation of the reimbursement undertaking.c) Return the documents to the beneficiary and request that documents be presented through the nominated bank.d) Return the documents to the beneficiary and request that documents be presented to the reimbursing bank to enable the reimbursement undertaking to be utilised.

Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.