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4277 -

Payment terms description identifier
UN/CEFACT Revision 2001B Code List

Repr:an..17
Desc:Identification of the terms of payment between the parties to a transaction (generic term).
This table also occurs in the following versions of this standard:
D00A, D00B, D01A, D01B, D01C, D02A, D02B, D03A, D03B, D04A, D04B, D93A, D94A, D94B, D95A, D95B, D96A, D96B, D97A, D97B, D98A, D98B, D99A, D99B

1Draft(s) drawn on issuing bank
Draft(s) must be drawn on the issuing bank.
2Draft(s) drawn on advising bank
Draft(s) must be drawn on the advising bank.
3Draft(s) drawn on reimbursing bank
Draft(s) must be drawn on the reimbursing bank.
4Draft(s) drawn on applicant
Draft(s) must be drawn on the applicant.
5Draft(s) drawn on any other drawee
Draft(s) must be drawn on any other drawee.
6No drafts
No drafts required.
7Payment means specified in commercial account summary
An indication that the payment means are specified in a commercial account summary.

Change indicators
plus sign An addition.
asterisk Addition/substraction/change to a code entry for a particular data element.
hash or pound sign Changes to names.
vertical bar Changes to text for descriptions, notes and functions.
minus sign A deletion.
letter X Marked for deletion.

Usage indicators
Used in batch messages only.
Common usage in both batch and interactive messages.
Used in interactive messages only.

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