{"id":2557,"date":"2018-09-12T18:06:58","date_gmt":"2018-09-12T22:06:58","guid":{"rendered":"http:\/\/www.letterofcredit.biz\/?p=2557"},"modified":"2023-09-02T21:14:10","modified_gmt":"2023-09-03T01:14:10","slug":"field-42a-drawee","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2018\/09\/12\/field-42a-drawee\/","title":{"rendered":"Field 42a: Drawee"},"content":{"rendered":"<p><strong>What is Field 42a: Drawee?<\/strong><\/p>\n<p>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.<\/p>\n<p>This is an optional field.<\/p>\n<p>A credit must not be issued available by a draft drawn on the applicant.<\/p>\n<p>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.<\/p>\n<p>The draft must be drawn on the party stated in the credit.<\/p>\n<p>The draft must be drawn by the beneficiary.<\/p>\n<p><strong>MT 700<\/strong><br \/>\n<strong>Field 42a: Drawee:<\/strong><br \/>\n<strong>USAGE RULES<\/strong><\/p>\n<p>The drawee must be a bank. If drafts on the applicant are required, they are to be listed as documents in field 46A.<\/p>\n<p>The Party Identifier must not be present.<\/p>\n<p><strong>CONDITIONAL RULES<\/strong><\/p>\n<p>When used, fields 42C and 42a must both be present.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. This is an optional field. A<\/p>\n","protected":false},"author":1,"featured_media":2560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273,231],"tags":[292,276,238,239],"class_list":["post-2557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mt-700-issue-of-a-documentary-credit","category-swift-messages","tag-field-42a-drawee","tag-mt-700-issue-of-a-documentary-credit","tag-swift","tag-swift-messages"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/2557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=2557"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/2557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/2560"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}