D17B Data Element 4431

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4431
Code specifying the means of payment guarantee.
1
Payment of an invoice is made by a factor under the guarantee he issued to seller or to another factor.
10
A bank has agreed to stand as guarantor to ensure that payment is made.
11
A public authority has agreed to stand as guarantor to ensure that payment is made.
12
The party who has agreed to stand as guarantor to ensure that payment is made is neither the payee nor the payer.
13
The guarantee of payment is in the form of a standby letter of credit.
14
No guarantee of payment has been made or is available.
20
The payer has provided possession of, or title in goods, as security against payment.
21
The payer has provided title in, or a lien over a business whose assets may be sold or sequestered, as security against payment.
23
The payer has provided a warrant or warehouse receipts for goods or property to be held or used as security against payment.
24
The payer has provided a mortgage as security against payment.
45
A certificate of insurance has been provided as a guarantee of eventual payment.
ZZZ
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.