MT 420 Field Specifications

5. Field 59: Drawee

FORMAT

[/34x] 4*35x

(Account) (Name & Address)

PRESENCE

Conditional (C2)

DEFINITION

This field identifies the drawee.

USAGE RULES

When the reference of the collecting bank is not known, ie, NONREF appears in field 21, this field must be present to enable the collecting bank to identify the collection.

Optional Account must not be used.