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4439 -

Payment conditions code
UN/CEFACT Revision 2002A Code List

Repr:an..3
Desc:Code specifying the payment conditions.
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

1Direct payment
An assigned invoice has been paid by the buyer to the factor.
2Automatic clearing house credit
Credit transaction via an ACH (Automated Clearing House).
3Automatic clearing house debit
Debit transaction via an ACH (Automated Clearing House).
4Automatic clearing house credit-savings account
Credit transaction via an ACH (Automated Clearing House) to an interest bearing deposit account without a stated maturity.
5Automatic clearing house debit-demand account
Debit transaction via an ACH (Automated Clearing House) to an account paying funds on demand without notice of intended withdrawal.
6Bank book transfer (credit)
Current value of an asset, moved from one account to another, as it appears on the balance sheet (credit).
7Bank book transfer (debit)
Current value of an asset, moved from one account to another, as it appears on the balance sheet (debit).
8Doc collection via 3rd party with bill of EX
Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party with bill of exchange.
9Doc collection via 3rd party no bill of EX
Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party without bill of exchange.
10Irrevocable documentary credit
Written undertaking by a bank to pay a seller against stipulated documents that cannot be amended or cancelled without the consent of all parties involved.
11Transferable irrevocable documentary credit
Written undertaking by a bank to pay a seller against stipulated documents that cannot be amended or cancelled without the consent of all parties involved and that can be transferred by the first beneficiary to one or more beneficiaries.
12Confirmed irrevocable documentary credit
Written undertaking by a bank to pay a seller against credit conform stipulated documents that cannot be amended or cancelled without the consent of all parties involved.
13Transferable confirmed irrevocable documentary credit
Written undertaking by a bank to pay a seller against credit conform stipulated documents that cannot be amended or cancelled without the consent of all parties involved and that can be transferred by the first beneficiary to one or more beneficiaries.
14Revocable documentary credit
Written undertaking by a bank to pay a seller against stipulated documents that can be amended or cancelled at any time.
15Irrevocable letter of credit-confirmed
Letter of credit that cannot be cancelled or amended without agreement by all the parties involved, and carries the endorsement of both the issuing bank and its correspondent, guaranteeing payment of all drafts written against.
16Letter of guarantee
Any guarantee, bond or other payment undertaking given for the payment of money on presentation in conformity with the terms of the undertaking of a demand for payment and other documents specified.
17Revocable letter of credit
Letter of credit that can be cancelled or amended at any time by the issuing bank.
18Standby letter of credit
Letter of credit which is a contingent (future) obligation of the issuing bank to make payment to the designated beneficiary if the bank's customer fails to perform as called for under the terms of a contract.
19Irrevocable letter of credit unconfirmed
Letter of credit that cannot be cancelled or amended before a specific date without agreement by all the parties involved, and carries no guarantee that a correspondent will honour drafts presented for payment.
20Clean collection (ICC)
A collection in which the seller has already sent the goods and any documents giving control of such goods directly to the buyer, and where he subsequently sends his claim for payment. This type of collection involves financial documents only.
21Documentary collection (ICC)
A collection in which the seller exchanges the delivery of the goods and any documents giving control of such goods for payment or upon promise of payment by acceptance of a commercial document. This type of collection involves financial and commercial documents. International Chamber of Commerce (ICC) term.
22Documentary sight collection (ICC)
A collection in which the commercial documents are delivered against immediate payment. International Chamber of Commerce (ICC) term.
23Documentary collection with date of expiry (ICC)
A collection in which the commercial documents are valid for a term or until a specified date. International Chamber of Commerce (ICC) term.
24Documentary collection: bill of exchange against acceptance
A collection in which the bill of exchange is handed over on acceptance and the payment will take place on a future date.
25Documentary collection: bill of exchange against payment
A collection in which the bill of exchange is handed over when payment is obtained.
26Collection subject to buyer's approval (ICC)
The collection is subject to the buyer's approval. International Chamber of Commerce (ICC) term.
27Collection by a bank consignee for the goods (ICC)
A collection in which the bank stores the goods on its premises. International Chamber of Commerce (ICC) term.
28
Collection under CMEA rules with immediate payment and subsequent AC
Self explanatory. Note: 1. This code value will be removed effective with directory D.04B.
29
Collection under CMEA rules with prior acceptance
Self explanatory. Note: 1. This code value will be removed effective with directory D.04B.
30
Other collection
Self explanatory. Note: 1. This code value will be removed effective with directory D.04B.
31
Open account against payment in advance
Self explanatory. Note: 1. This code value will be removed effective with directory D.04B.
32
Open account for contra
Self explanatory. Note: 1. This code value will be removed effective with directory D.05A.
33
Open account for payment
Self explanatory. Note: 1. This code value will be removed effective with directory D.04B.
34Seller to advise buyer
Payment conditions to be advised by the seller to the buyer.
35Documents through banks
Also known as 'documents against presentation', the documents are sent to a bank, and the buyer obtains the documents by paying the invoice amount to the bank.
36Charging (to account)
Amount due booked to accounts payable/accounts receivables accordingly.
37Available with issuing bank
Documentary credit is available with the issuing bank.
38Available with advising bank
Documentary credit is available with the advising bank.
39Available with named bank
Documentary credit is available with the financial institution identified in the FII segment.
40Available with any bank
Documentary credit is available with any bank.
41Available with any bank in ...
Documentary credit is available with any bank located in a place identified in the LOC segment.
42Indirect payment
An assigned invoice has been paid by the buyer to the seller or to the seller's agent instead of to the factor.
43Reassignment
An invoice or credit note assigned to a factor has been reassigned back to the seller or to another factor.
44Offset
An invoice/credit note has been (partly) offset against other items on the seller's or buyer's account.
45Special entries
Payment to be treated as special booking entry by the beneficiary.
46Instalment payment
Payment is to be made in one or more instalments.
47Instalment payment with draft
Payment is to be made by bank draft in one or more instalments.
48Available with advise through bank
Available with the financial institution through which the advising bank is to advise the documentary credit.
49General conditions of sale
Refer to general conditions of sale for payment condition information.
50Special payment
Payment with special condition(s).
61Set-off by exchange of documents
Payment will be initiated by the exchange of documents.
62Set-off by reciprocal credits
Payment will be initiated by the settling of reciprocal credits.
63
Set-off by "linkage" (against reciprocal benefits)
Self explanatory. Note: 1. This code value will be removed effective with directory D.04B.
64Set-off by exchange of goods
Payment will be initiated by the exchange of goods.
69Other set-off
Payment will be initiated by an action not otherwise stipulated.
70Supplier to invoice
To identify in an order that the supplier is required to invoice for payment.
71Recipient to self bill
To identify in an order that the receiver of the goods is expected to self bill.
ZZZMutually defined
A code assigned within a code list to be used on an interim basis and as defined among trading partners until a precise code can be assigned to the code list.

Change indicators
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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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