D01B Data Element 4439

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4439
Code specifying the payment conditions.
1
An assigned invoice has been paid by the buyer to the factor.
2
Credit transaction via an ACH (Automated Clearing House).
3
Debit transaction via an ACH (Automated Clearing House).
4
Credit transaction via an ACH (Automated Clearing House) to an interest bearing deposit account without a stated maturity.
5
Debit transaction via an ACH (Automated Clearing House) to an account paying funds on demand without notice of intended withdrawal.
6
Current value of an asset, moved from one account to another, as it appears on the balance sheet (credit).
7
Current value of an asset, moved from one account to another, as it appears on the balance sheet (debit).
8
Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party with bill of exchange.
9
Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party without bill of exchange.
10
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.
11
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.
12
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.
13
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.
14
Written undertaking by a bank to pay a seller against stipulated documents that can be amended or cancelled at any time.
15
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.
16
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.
17
Letter of credit that can be cancelled or amended at any time by the issuing bank.
18
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.
19
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.
20
Self explanatory.
21
Self explanatory.
22
Self explanatory.
23
Self explanatory.
24
A collection in which the bill of exchange is handed over on acceptance and the payment will take place on a future date.
25
A collection in which the bill of exchange is handed over when payment is obtained.
26
Self-explanatory.
27
Self explanatory.
28
Self explanatory.
29
Self explanatory.
30
Self explanatory.
31
Self explanatory.
32
Self explanatory.
33
Self explanatory.
34
Payment conditions to be advised by the seller to the buyer.
35
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.
36
Amount due booked to accounts payable/accounts receivables accordingly.
37
Documentary credit is available with the issuing bank.
38
Documentary credit is available with the advising bank.
39
Documentary credit is available with the financial institution identified in the FII segment.
40
Documentary credit is available with any bank.
41
Documentary credit is available with any bank located in a place identified in the LOC segment.
42
An assigned invoice has been paid by the buyer to the seller or to the seller's agent instead of to the factor.
43
An invoice or credit note assigned to a factor has been reassigned back to the seller or to another factor.
44
An invoice/credit note has been (partly) offset against other items on the seller's or buyer's account.
45
Payment to be treated as special booking entry by the beneficiary.
46
Payment is to be made in one or more instalments.
47
Payment is to be made by bank draft in one or more instalments.
48
Available with the financial institution through which the advising bank is to advise the documentary credit.
49
Refer to general conditions of sale for payment condition information.
50
Payment with special condition(s).
61
Payment will be initiated by the exchange of documents.
62
Payment will be initiated by the settling of reciprocal credits.
63
Self explanatory.
64
Payment will be initiated by the exchange of goods.
69
Payment will be initiated by an action not otherwise stipulated.
70
To identify in an order that the supplier is required to invoice for payment.
71
To identify in an order that the receiver of the goods is expected to self bill.
ZZZ
Self explanatory.