Question: 3. Is this statement correct? As a demand guarantee, subject to URDG 758, may only be transferred for the full amount that is available, and

3. Is this statement correct? As a demand guarantee, subject to URDG 758, may only be transferred for the full amount that is available, and therefore there is no possibility of substitution of documents, a guarantor that issues a transferable guarantee is obliged to transfer the guarantee upon receipt of satisfactory instructions from the beneficiary. Yes No Do not know

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