en:app:030bsi:160ch:0020broch

Party Model -Check Handling

Parties

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

Check Remitter

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.

Collecting Bank

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.

Drawer

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).

en/app/030bsi/160ch/0020broch.txt · Last modified: 2022/08/17 11:53 (external edit)