Okla. Stat. tit. 12A, § 12A-5-107: Confirmer, Nominated Person, and Adviser

Confirmer, Nominated Person, and Adviser.

(a) A confirmer is directly obligated on a letter of credit and

has the rights and obligations of an issuer to the extent of its

confirmation. The confirmer also has rights against and obligations

to the issuer as if the issuer were an applicant and the confirmer

had issued the letter of credit at the request and for the account

of the issuer.

(b) A nominated person who is not a confirmer is not obligated

to honor or otherwise give value for a presentation.

(c) A person requested to advise may decline to act as an

adviser. An adviser that is not a confirmer is not obligated to

honor or give value for a presentation. An adviser undertakes to

the issuer and to the beneficiary accurately to advise the terms of

the letter of credit, confirmation, amendment, or advice received by

that person and undertakes to the beneficiary to check the apparent

authenticity of the request to advise. Even if the advice is

inaccurate, the letter of credit, confirmation, or amendment is

enforceable as issued.

(d) A person who notifies a transferee beneficiary of the terms

of a letter of credit, confirmation, amendment, or advice has the

rights and obligations of an adviser under subsection (c) of this

section. The terms in the notice to the transferee beneficiary may

differ from the terms in any notice to the transferor beneficiary to

the extent permitted by the letter of credit, confirmation,

amendment, or advice received by the person who so notifies.