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CCTS

  

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Code. Content

  

A character string used to represent an allowance charge reason.

  

Allowance Charge Reason

  

Code

  

1..1

  

Codes

Agreed settlement

An adjustment made based on an agreement between partners.

Below specification goods

Goods of inferior quality.

Damaged goods

An adjustment due to the damage of goods.

Short delivery

An adjustment made because the delivered quantity was less than expected.

Price query

An adjustment due to a price query.

Proof of delivery required

The buyer requires that proof of delivery be made before payment.

Payment on account

Buyer is to make payment later.

Returnable container charge included

Adjustment made to deduct the returnable container charge.

Invoice error

Invoice not in accordance with the order.

Costs for draft

Cost of draft has been deducted from payment.

Bank charges

Bank charges have been deducted from payment.

Agent commission

Agent commission has been deducted from payment.

Counter claim

Buyer claims an existing (financial) obligation from seller which (partly) offsets the outstanding invoice(s).

Wrong delivery

Delivery not according to specifications.

Goods returned to agent

Goods returned to agent.

Goods partly returned

Goods partly returned.

Transport damage

Goods damaged in transit.

Goods on consignment

Buyer does not accept invoice(s) charge as it relates to goods where the ownership remains with the seller until sold.

Trade discount

Trade discount deducted from payment.

Deduction for late delivery

Penalty amount deducted for later delivery.

Advertising costs

Advertising costs deducted from payment.

Customs duties

Customs duties deducted from payment.

Telephone and postal costs

Telephone and postal costs deducted from payment.

Repair costs

Repair costs deducted from payment.

Attorney fees

Attorney fees deducted from payment.

Taxes

Taxes deducted from payment.

Reclaimed deduction

Buyer reclaims an unspecified deduction from the invoice(s) (to be) paid.

See separate advice

Buyer or seller refers to separate correspondence about a related shipment(s) and/or invoice(s) and/or a payment(s).

Buyer refused to take delivery

Buyer refused to take delivery.

Direct payment to seller

Buyer states to have paid to seller.

Buyer disagrees with due date

Buyer disagrees with due date.

Goods not delivered

Buyer has not received the goods.

Late delivery

Goods delivered too late.

Quoted as paid to you

Factor informs the seller that a certain invoice(s) was paid by the buyer directly to the seller.

Goods returned

Buyer returned the goods to seller.

Invoice not received

Buyer claims he did not receive the invoice for which payment is requested.

Credit note to debtor/not to us

Factor informs the seller that he did not receive copy of a credit note sent to the buyer.

Deducted bonus

Buyer has/will deduct a bonus he is entitled to from the payment.

Deducted discount

Buyer has/will deduct the discount he is entitled to from the payment.

Deducted freight costs

Buyer has/will deduct freight costs from the payment.

Deduction against other invoices

Deduction against invoices already settled.

Credit balance(s)

Buyer makes use of existing credit balance(s) to offset (partly) the outstanding invoice(s).

Reason unknown

Factor informs the seller that the reason of a commercial dispute raised by the buyer is unknown.

Awaiting message from seller

Buyer or factor are waiting for a (reply) message from the seller before a commercial dispute can be settled.

Debit note to seller

Buyer issued debit note to seller.

Discount beyond terms

Buyer has taken a discount larger than the discount terms agreed with the seller.

See buyer's letter

See correspondence from buyer.

Allowance/charge error

Error made by seller in the amount of allowance/charge.

Substitute product

Product delivered not fully according to specification.

Terms of sale error

Terms of sale not according to purchase order.

Required data missing

A message sent by buyer to seller or by seller to buyer did not contain data required to take action/decision.

Wrong invoice

Invoice issued to wrong party.

Duplicate invoice

Invoice sent twice.

Weight error

Weight not in accordance with the order.

Additional charge not authorized

Additional charge not authorised.

Incorrect discount

Buyer states that calculated discount on the invoice(s) is wrongly calculated.

Price change

Price has been changed.

Variation

The adjustment is a variation from an agreed value.

Chargeback

Balance of one or more items charged back to seller.

Offset

Allocation of one or more debit items to one or more credit items or vice-versa.

Indirect payment

Payment in settlement of an invoice has been made to a party other than the designated creditor.

Financial reassignment

Previously assigned invoice/credit note is being reassigned.

Reinstatement of chargeback/offset

Reversal or cancellation of a chargeback and/or offset relating to an incorrect balance.

Expecting new terms

Buyer expects that seller revises the terms of payment of an invoice.

Settlement to agent

Invoice has been/to be paid to seller's agent.

Cash discount

An adjustment has been made due to the application of a cash discount.

Delcredere costs

Costs deducted from a total amount to pay for the services of central payment.

Early payment allowance adjustment

Adjustment results from the application of an early payment allowance.

Incorrect due date for monetary amount

Adjustment has been made because an incorrect due date was referred to with regard to the monetary amount.

Wrong monetary amount resulting from incorrect free goods quantity

Adjustment has been made because of a wrong monetary amount resulting from an incorrect free goods quantity.

Rack or shelf replenishment service by a supplier

Adjustment due to the replenishment of the racks or shelves by a supplier.

Temporary special promotion

Adjustment due to a temporary special promotion.

Difference in tax rate

Adjustment due to a difference in tax rate.

Quantity discount

Adjustment due to a quantity discount.

Promotion discount

Adjustment due to a promotion discount.

Cancellation deadline passed

The cancellation has occurred after the deadline.

Pricing discount

An adjustment has been made due to the application of a pricing discount.

Volume discount

Discount for reaching or exceeding an agreed accumulated volume.

Sundry discount

Adjustment has been made due to the application of a sundry discount.

Card holder signature missing

The adjustment was made due to the card holder not signing the filing document.

Card expiry date missing

The adjustment was made due to the card acceptor not specifying the expiry date within the filing document.

Card number error

The adjustment was made due to the card acceptor specifying an erroneous card number within the filing document.

Card expired

The adjustment was made due to the card acceptor specifying an expired expiry date within the filing document or electronic data.

Test card transaction

The adjustment was made due to a test card transaction, used for installing, maintaining or debugging purposes.

Permission limit exceeded

The adjustment was made due to the permission limit defined by card issuer or card company was exceeded without prior authorisation. Synonym: Floor limit.

Wrong authorisation code

The adjustment was made due to the authorisation code provided did not fit to the specified transaction.

Wrong authorised amount

The adjustment was made due to the specified amount not meeting the authorised amount for the transaction.

Authorisation failed

The adjustment was made due to the authorisation needed had failed.

Card acceptor data error

The adjustment was made due to the data regarding the card acceptor is erroneous.

Treasury management service charge

Charge for the service of treasury management.

Agreed discount

The reason for the adjustment is that a mutually agreed discount has been applied.

Expediting fee

The reason for the adjustment is that a fee for expediting has been applied.

Invoicing fee

The reason for the adjustment is that a fee for invoicing has been applied.

Freight charge

The reason for the adjustment is that freight charges has been applied.

Small order processing service charge

The reason for the adjustment is that a fee for processing of a small order (an order below a defined threshold) has been applied.

Currency exchange differences

An adjustment made due to a change in a currency exchange rate.

Insolvency

An adjustment made due to the partner's inability to pay open debts.

Incorrect references

Adjustment has taken place because of incorrect references.

Incorrect identification of the buyer

Adjustment has taken place because of incorrect identification of the buyer.

Incorrect product identification

Adjustment has taken place because of incorrect product identification.

New employee

The reason for the adjustment is a new employee.

Employee retirement

The reason for the adjustment is the retirement of an employee.

Salary change

The reason for the adjustment is a salary change.

Parental leave

The reason for the adjustment is a parental leave.

Mutually 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.