A transferable credit can do which of the following?

  (1)( ) Protect the applicant from the risks of loss and error.

  (2)( ) Allow the second beneficiary to obtain payment for complying documents.

  (3)( ) Restrict the right of the second beneficiary to claim payment directly from the nominated bank.

  (4)( ) Permit the supplier to provide the intermediary trader with the security of a documentary credit.