A reimbursing bank has received a valid claim under its reimbursement undertaking and is instructed by the issuing bank NOT to honour the claim. In accordance with the URR725, the reimbursing bank should:

  (1)( )request the claiming bank to cancel the claim.

  (2)( )instruct the claiming bank to contact the beneficiary.

  (3)( )honour the claim and debit the issuing bank's account.

  (4)( )dishonour the claim as per the issuing bank's instruction.