Registered in sourceSource release: August 2026 (v3)
Published definition
Party requested to issue an undertaking on behalf of the applicant. Also known as the ordering institution or applicant's bank.
Code set and usage
Type of party contains 13 registered codes. Its exact identifier is ExternalTypeOfParty1Code.
Specifies the external type of party code in the format of a character string with a maximum length of 4 characters. The list of valid codes is an external code list published separately. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.