Party responsible for carrying out the instruction.
Type
String (AN)
Length
Max 17 / 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.
