C849 Parties to instruction

Composite elementInteractive

Identify the sending and receiving parties of the instruction.

Elements

Position	Element	Name		Type	Min/Max	Repeat

C849-10	3301	Party enacting instruction identification	Mandatory	ID	1/17	1
C849-20	3285	Recipient of the instruction identification	Opt	ID	1/17	1

ID3301NameParty enacting instruction identificationLength1/17Codes

<>3
Beneficiary's bank_the financial institution with which the beneficiary maintains an account.
<>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.