United Nations Directories
for Electronic Data Interchange for
Administration, Commerce and Transport
UN/EDIFACT
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4279 Payment terms type code qualifier [B]
Desc: Code qualifying the type of payment terms.
Repr: an..3
Code Values:
1 Basic
Payment conditions normally applied.
2 End of month
Payments are due at end of month.
3 Fixed date
Payments are due on the fixed date specified.
4 Deferred
Payments are deferred beyond the normal due date.
5 Discount not applicable
Payment terms on which discounts are not applicable.
6 Mixed
Different payment terms negotiated under a documentary
credit.
7 Extended
Payment is extended beyond the normal due date.
8 Basic discount offered
Payment terms reflect the basic offered discount.
9 Proximo
Occurring in the next month after present.
10 Instant
Payment is due on receipt of invoice.
11 Elective
Payment terms to be chosen by buyer (from options
separately advised).
12 10 days after end of month
Payment due ten days after end of a calendar month.
13 Seller to advise buyer
Seller will advise buyer of payment terms by separate
transaction.
14 Paid against statement
Payments are to be made against statement.
15 No charge
Payment terms have no charge.
16 Not yet defined
Payment terms are not yet defined.
17 Ultimo
Payment is due the end of the current or specified
month.
18 Previously agreed upon
Payment terms have been previously agreed upon.
19 United States funds
The payment terms require the use of United States
funds.
20 Penalty terms
Payment terms on which penalties apply.
21 Payment by instalment
Payment terms are based on instalment payments.
22 Discount
Payment terms on which discounts are applicable.
23 Available by sight payment
Payment made at sight.
24 Available by deferred payment
Payment made at deferred date.
25 Available by acceptance
Payment on acceptance.
26 Available by negotiation with any bank
Payment made by negotiation with any bank.
27 Available by negotiation with any bank in ...
Payment made by negotiation with any bank in a specified
location.
28 Available by negotiation by named bank
Payment made by negotiation with a specified financial
institution.
29 Available by negotiation
Payment made by negotiation.
30 Adjustment payment
Payment adjusted for outstanding credits or debits.
31 Late payment
Payment after due date.
32 Advanced payment
Payment in advance of due date.
33 Payment by instalments according to progress (as agreed)
Payment by instalments according to progress (as
agreed).
34 Payment by instalments according to progress (to be agreed)
Payment by instalments according to progress (to be
agreed).
35 Nonstandard
Terms of payment differ from the normal terms.
36 Tenor payment terms
Payment to be made according to bilaterally agreed
conditions between buyer and seller.
37 Complete payment
Payment must be made for complete value and may not be
paid in instalments.
38 Payment terms defined in consolidated invoice
Payment terms are specified in a consolidated invoice.
39 Payment upon completion
The payment terms require payment upon completion.
40 Partial advance
The payment terms require a partial payment in advance
of completion.
41 Consignment
The payment terms are that the goods will be paid for
when they are sold or consumed.
42 Inter-company account
The payment terms involve the use of an inter-company
account.
43 Sell by note
The payment terms involve a debtor who promises to pay a
definite sum of money on demand or at a definite time in
the future.
44 Supplier floor plan
The payment terms involve payment for merchandise owned
by a third party.
45 Contract basis
The payment terms are based on a contract with a vendor.
46 Credit controlled
The payment terms involve the monitoring of credit by
the grantor.
47 Dating given
The payment terms in which suppliers may extend seasonal
dating.
48 Trade acceptance
A trade acceptance is a written acknowledgement of the
sale of goods and promise to pay at a definite date and
place.
49 Cost plus
The payment terms permit reimbursement of costs plus
other authorised changes.
50 Letter of credit
The payment terms require the use of a letter of credit.
51 Lease agreement
The payment terms are included in the lease agreement.
52 Cash On Delivery (COD)
The payment terms are cash is due on delivery of
merchandise.
53 Cash by state law
The payment terms are dictated by state law requiring
payment of cash.
54 Bank transfer
The payment terms require the use of bank transfer.
55 Cash on arrival
The payment terms require payment by cash on arrival of
the goods or services.
56 Cash
The payment terms are that payments are made in cash.
57 Cash discount terms apply
The payment terms are that a discount is applicable if
the payment is made in cash.
58 Cash with order
The payment terms require the payment in cash with
placement of the order.
59 Cash per vendor request
The payment terms involve a vendor request for payment
by cash.
60 Irrevocable letter of credit
The payment terms require the use of an irrevocable
letter of credit.
61 Documents against acceptance
The payment terms require acceptance of liability before
document transfer.
62 Charge card
The payment terms permit the use of a charge card to
effect payment.
63 Documents against payment
The payment terms require payment before document
transfer.
64 Usance bill
The payment terms are based on the time allowed by
commercial usage for the payment of foreign bills of
exchange.
65 Letter of credit at sight
The payment terms require the presentation of a letter
of credit.
66 Secured account
The payment terms call for the use of a secured account.
67 Basic commission terms
The payment terms call for the use of basic commission
terms.
68 Deposit required
The payment terms require a deposit be provided.
69 Discount with prompt pay
The payment terms include a discount when payment is
made within a time frame designated as prompt pay.
70 Discount with advance payment
The payment terms include a discount when payment is
made in advance.
71 Certified cheque
The payment terms require the use of a certified cheque.
72 Cash against documents
The payment terms require cash payment before document
transfer.
73 Bill of exchange
The payment terms require the use of bill of exchange.
74 Progressive discount
The payment terms include a progressive discount based
on the amount and speed with which payments are made.
75 Lump sum
The payment term requires a lump sum payment.
76 Fixed fee
The payment term requires a fixed fee payment.
77 Promissory note
The payment term requires the use of a promissory note
as a means of payment.
78 Factoring
Payment term requires payment being made by the
factoring company according to the agreement between
buyer, bank and factoring company.
ZZZ 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.
Data Element Cross Reference
DataElement 4279 is used in the following Batch Segments:
PYT
Copyright United Nations, all rights reserved
UN Economic Commission for Europe
Palais des Nations, CH-1211 Geneva 10, Switzerland
Tel: +41-22 917 2773 Fax: +41-22 917 0037 E-mail: TradeMaster@unece.org
UN/EDIFACT Directories