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MT 707 Field Specifications

23. Field 42a: Drawee

FORMAT

Option A [/1!a][/34x]
4!a2!a2!c[3!c]
(Party Identifier)
(Identifier Code)
Option D [/1!a][/34x]
4*35x
(Party Identifier)
(Name and Address)

PRESENCE

Conditional (see rule C1)

DEFINITION

This field identifies the drawee of the drafts to be drawn under the documentary credit, if changed.

NETWORK VALIDATED RULES

Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms, Live destinations, and Test & Training destinations (Error code(s): C05).