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1 |
| Applicant's bank |
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The financial institution which is requested to issue the documentary credit. |
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2 |
| Issuing bank |
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The financial institution which issues the documentary credit, if the applicant's bank is not acting as the issuing bank. |
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3 |
| Beneficiary's bank |
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The financial institution with which the beneficiary maintains an account. |
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4 |
| Buyer |
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The buyer is responsible for carrying out the instruction. |
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5 |
| Seller |
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The seller is responsible for carrying out the instruction. |
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6 |
| Advise-through bank |
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Identifies the financial institution through which the advising bank is to advise the documentary credit. |
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7 |
| Advising bank |
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Identifies the financial institution used by the issuing bank to advise the documentary credit. |
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8 |
| Debtor's bank |
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Identifies the bank from whom payment is due. |
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