![](https://cos-cdn.shuashuati.com/pipixue-wap/2020-1230-1107-56/ti_inject-812ce.png)
Negotiation means that the Negotiating Bank gives value for draft(s) and/or documents to the Beneficiary. Once the value has been given, the Negotiating Bank would become: (1)( ) the creditor of the draft (s) (2)( ) the holder of the draft (s) (3)( ) the holder in due course of the draft (s)