Party initiating the payment to an agent. In the payment context, this can either be the debtor (in a credit transfer), the creditor (in a direct debit), or a party that initiates the payment on behalf of the debtor or creditor. In the context of treasury, the party that instructs the trading party to execute a treasury deal on its behalf.
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_PToAN9p-Ed-ak6NoX_4Aeg_-165932048"
name="InitiatingParty"
definition="Party initiating the payment to an agent. In the payment context, this can either be the debtor (in a credit transfer), the creditor (in a direct debit), or a party that initiates the payment on behalf of the debtor or creditor. In the context of treasury, the party that instructs the trading party to execute a treasury deal on its behalf."
registrationStatus="Registered"
xmlns:xmi="http://www.omg.org/XMI" />