Best Trade Solution

Dear Sir/Madam,

I'd like to ask about this case on my table. The detail as follows:
+ Bank ABC issued a usance LC for 180 days after Bill of Lading date
+ field 41a stated: Available with Bank DEF by Negotiation
+ The LC was confirmed by Bank DEF and then the LC received by Bank XYZ as the beneficiary bank.
+ field 47a stated: - Negotiating bank may negotiate the documents for the usance period by paying the beneficiary at sight against documents in conformity with the LC terms, and on maturity date claim reimbursement of bill amount.

I work for Bank 123, and the Beneficiary in this case is also the customer of Bank 123
My questions are as follows :
+ After shipment, the Beneficiary would like to send the documents required to Bank 123 and wants Bank 123 to Negotiate the documents. Refers to field 41a in this case, does Bank 123 eligible to negotiate the documents?
+ Will it become a discrepancy If Bank 123, instead of Bank XYZ, presents the documents to Bank DEF?

Thank you for your time.

Hi Pal,

Strictly speaking only the nominated bank DEF can negotiate, having add its confirmation too.
So you may just present documents as a collection, asking the DEF bank to negotiate and
credit you, without recourse, for further credit to beneficiary. It is very hard if beneficiary has
account with both banks.
Other comments appreciated.
Ciao