Data Element & Code Sets Directory

Beneficiary

The party in whose favour the documentary credit is to be issued and the party who must comply with the credit's terms and conditions.

Contact party 1

First party to contact.

Creditor

Party to whom payment is due.

EDIFACT

Receiving bank

Identifies the bank which is to receive funds.

GS1 Description:
Recipient of the instruction identification.

Creditor's bank

Identifies the bank to whom payment is due.

EDIFACT

Debtor

Party from whom payment is due.

Creditor's bank (SWIFT Code)

Identifies the account servicer for the creditor.

Creditor (SWIFT Code)

The party to be credited with funds.

Ordered bank (SWIFT Code)

The financial institution which is instructed by the ordering party to act on the transaction.

Payee (SWIFT Code)

Identifies the credit party when other than the beneficiary.

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Edition 2016 Upd. 2021