Role | Description | Usage as temporary address allowed? | Address Type | Stoplevel | Automatic copy of address from database contract allowed? | Only main address to be used? |
---|---|---|---|---|---|---|
CHR | Check Remitter | CB | 3 | |||
COL | Collecting Bank | B | 3 | |||
DRR | Drawer | C | 3 |
This involved party is the one the liability is assigned to. It is defined as a mandatory client party, which may not be a temporary address.
This involved party is the foreign counterpart of our client. If a correspondent bank is set, we are usually not sending messages to that party as they are routed through the correspondent.
The drawer is the party who issued the check. This party should be recorded if the collecting bank simultaneously is the bank that uses the application so that settlement of the remittance can be made directly with the issuer (customer of the collecting bank).