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friends,

its not uncommon to have a deferred payment undertaking from the nominated bank, which is not a confirming bank, conditional upon the reimbursement from the issuing bank. in the situation explain, is the nominated bank acting on its nomination?

hi ! Jmitra

If the nominated bank have incurred deferred payment undertaking and pay on maturity that it's a nominated bank which act on its nomination but if they only incurred a deferred payment but not pay at maturity it not be act on its nomination.

rgds