D03B Data Element 4277

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4277
Identification of the terms of payment between the parties to a transaction (generic term).
1
Draft(s) must be drawn on the issuing bank.
2
Draft(s) must be drawn on the advising bank.
3
Draft(s) must be drawn on the reimbursing bank.
4
Draft(s) must be drawn on the applicant.
5
Draft(s) must be drawn on any other drawee.
6
No drafts required.
7
An indication that the payment means are specified in a commercial account summary.