To identify the party enacting an instruction.
Type
String (AN)
Length
Max 35 / Min 1
Codes
<> 1
Applicant's bank
The financial institution which is requested to issue the documentary credit.
<> 2
Issuing bank
The financial institution which issues the documentary credit, if the applicant's bank is not acting as the issuing bank.
<> 3
Beneficiary's bank
The financial institution with which the beneficiary maintains an account.
<> 4
Buyer
The buyer is responsible for carrying out the instruction.
<> 5
Seller
The seller is responsible for carrying out the instruction.
<> 6
Advise-through bank
Identifies the financial institution through which the advising bank is to advise the documentary credit.
<> 7
Advising bank
Identifies the financial institution used by the issuing bank to advise the documentary credit.
<> 8
Debtor's bank
Identifies the bank from whom payment is due.
<> 9
Ordered bank
The financial institution with which the ordering party maintains an account.
