What is Field 42a: Drawee?
Field 42a: Drawee is a field in MT 700 swift message type that is used to identify the drawee of the drafts to be drawn under the documentary credit.

 





























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MT 700 
Field 42a: Drawee :
USAGE RULES
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.
CONDITIONAL RULES
  • Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other combination of these fields is allowed




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  • Field 42a: Drawee :

  • This field identifies the drawee of the drafts to be drawn under the documentary credit.
  • A credit must not be issued available by a draft drawn on the applicant.
  • A credit may be issued requiring a draft drawn on the applicant as one of the required documents, but must not be issued available by drafts drawn on the applicant.
  • The draft must be drawn on the party stated in the credit.
  • The draft must be drawn by the beneficiary.
Sample Field 42a: Drawee
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