Best Trade Solution

Dear All,

Please provide if the endorsement is necessary for the below case.

Nominated bank(xyz ltd) received the documents directly from the beneficiary in which draft states payee '' abc bank ltd''. Kindly confirm if nominated bank can handle documents without any correction any from beneficiary? Is there any correction requirement from nominated bank side to handle this transaction?

Is it ok if the draft is endorsed by the beneficiary?

will the issuing bank pay the proceeds to nominated bank?

Regards
Dinesh

As per my opinion draft has to be endorsed by ABC Bank I mean by the payee and not by the beneficiary.
No correction is needed by beneficiary.
I await for further comments on it

Thanks
Madia