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Dear Experts,

while i understand the advice accurately reflects in the below paragraph defines the roles of the bank, any reason for the below highlighted line in UCP paragraph which i feel particularly talk about the KYC, compliance ....etc. seems UCP article in line with banks internal guidelines rather than the general approach applicable to all banks.

Quote
By advising the credit or amendment, the advising bank signifies that it has satisfied itself as to the apparent authenticity of the credit or amendment and that the advice accurately reflects the terms and conditions of the credit or amendment received
Unquote

Thanks
Dinesh Kumar

Hi
In answer to your question, this was bought about when LCs were issued by telex with a test key or other means (by mail) in which the LC had not been sent by a secure means (authenticated SWIFT with a valid RMA).

Unless the test key had been confirmed as correct or supporting signatures confirmed as authentic, the LC/amendment should not be advised as it is not clear whether the document is valid.