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Conditional (see rules C2 and C3)
This field identifies the drawee of the drafts to be drawn under the documentary credit.
Identifier Code must be a registered a 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 SWIFT BICs, non-SWIFT BICs, Masters, Synonyms, Live destinations and Test & Training destinations (Error code(s): C05).
The drawee must be a bank. If drafts on the applicant are required, they are to be listed as documents in field 46A.
The Party Identifier must not be present.