3301 Party enacting instruction identification

Party responsible for carrying out the instruction.

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Type
String (AN)
Length
Min 1 / Max 17
Codes
CodeDescription
1Applicant's bank
The financial institution which is requested to issue the documentary credit.
2Issuing bank
The financial institution which issues the documentary credit, if the applicant's bank is not acting as the issuing bank.
3Beneficiary's bank
The financial institution with which the beneficiary maintains an account.
4Buyer
The buyer is responsible for carrying out the instruction.
5Seller
The seller is responsible for carrying out the instruction.
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