What Makes A Bank Acting On Its Nomination?

[shahriar]

dear friends,

how do you interpret the term "acting on its nomination"

what makes a bank acting on its nomination?

regd

shahriar

[bhossain]

I would interpret words "acting on its nomination" to act under the authorisation to fulfill the required function.

[Md.zakir Hossen]

I would interpret acting on its nomination means acting the role as Issuing Bank instruct either nominated Bank or Paying Bank or accepting Bank.
May I wrong.

[shahriar]

im very sorry for not being able to communicate my question properly.
while considering the term acting on its nomination, the popular concept is that the nominated must negotiate or honor a presentation to perform the act of nomination. how far do you agree with this?

regd

shahriar

[nesarul]

Dear All,
But how come the issuing bank understand that the nominated bank acted on its nomination under diffrent types of credit availability?
regards
nesar

[Md.zakir Hossen]

Dear Shariar
I do not agree with You "the nominated must negotiate or honor a presentation to perform the act of nomination".It is possible if the nominated Bank is the confirming Bank for complying presentation.
If I wrong then add..........