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 maintain an account.
4
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.
5
Contact party 1
First party to contact.
6
Contact party 2
Second party to contact.
7
Contact party 3
Third party to contact.
8
Contact party 4
Fourth party to contact.
9
Contact bank 1
First financial institution to contact.
10
Contact bank 2
Second financial institution to contact.
11
Creditor
Party to whom payment is due.
12
Receiving bank
Identifies the bank which is to receive funds.
13
Creditor's bank
Identifies the bank to whom payment is due.