If the letter of credit specifies the advising bank as the negotiating bank, or the advising bank is the confirming bank, or the letter of credit stipulates the freedom of negotiation, then the advising bank can be the negotiating bank-who says that the advising bank is not responsible for negotiation or payment to the exporter, that is, the beneficiary?
If the letter of credit stipulates that "the beneficiary's draft is expressed in the domestic currency, the advising bank will pay", it means that the issuing bank accepts the beneficiary's settlement in the local currency, and designates the negotiating bank for the beneficiary's settlement in the local currency, which means that the advising bank is the designated bank designated by the issuing bank to negotiate with the beneficiary in the local currency.