* 4439 Payment conditions, coded Desc: Identification of the method employed or to be employed in order that a payment may be made or regarded as made. The method may or may not be tied to a guarantee. Repr: an..3 1 Direct payment Self explanatory. 2 Automatic clearing house credit Self explanatory. 3 Automatic clearing house debit Self explanatory. 4 Automatic clearing house credit-savings account Self explanatory. 5 Automatic clearing house debit-demand account Self explanatory. 6 Bank book transfer (credit) Self explanatory. 7 Bank book transfer (debit) Self explanatory. 8 Doc collection via 3rd party with bill of EX Self explanatory. 9 Doc collection via 3rd party no bill of EX Self explanatory. 10 Irrevocable documentary credit Self explanatory. 11 Transferable irrevocable documentary credit Self explanatory. 12 Confirmed irrevocable documentary credit Self explanatory. 13 Transferable confirmed irrevocable documentary credit Self explanatory. 14 Revocable documentary credit Self explanatory. 15 Irrevocable letter of credit-confirmed Self explanatory. 16 Letter of guarantee Self explanatory. 17 Revocable letter of credit Self explanatory. 18 Standby letter of credit Self explanatory. 19 Irrevocable letter of credit unconfirmed Self explanatory. 20 Clean collection (ICC) Self explanatory. 21 Documentary collection (ICC) Self explanatory. 22 Documentary sight collection (ICC) Self explanatory. 23 Documentary collection with date of expiry (ICC) Self explanatory. # 24 Documentary collection: bill of exchange against acceptance Self explanatory. # 25 Documentary collection: bill of exchange against payment Self explanatory. 26 Collection subject to buyer's approval (ICC) Self-explanatory. 27 Collection by a bank consignee for the goods (ICC) Self explanatory. 28 Collection under CMEA rules with immediate payment and subsequent AC Self explanatory. 29 Collection under CMEA rules with prior acceptance Self explanatory. 30 Other collection Self explanatory. 31 Open account against payment in advance Self explanatory. 32 Open account for contra Self explanatory. 33 Open account for payment Self explanatory. 34 Seller to advise buyer Self explanatory. 35 Documents through banks Self explanatory. 36 Charging (to account) Amount due booked to accounts payable/accounts receivables accordingly. 37 Available with issuing bank Documentary credit is available with the issuing bank. 38 Available with advising bank Documentary credit is available with the advising bank. 39 Available with named bank Documentary credit is available with the financial institution identified in the FII segment. 40 Available with any bank Documentary credit is available with any bank. 41 Available with any bank in ... Documentary credit is available with any bank located in a place identified in the LOC segment. 42 Indirect payment An assigned invoice has been paid by the buyer to the seller or to the seller's agent instead of to the factor. 43 Reassignment An invoice or credit note assigned to a factor has been reassigned back to the seller or to another factor. 44 Offset An invoice/credit note has been (partly) offset against other items on the seller's or buyer's account. 45 Special entries Payment to be treated as special booking entry by the beneficiary. 46 Instalment payment Payment is to be made in one or more instalments. 47 Instalment payment with draft Payment is to be made by bank draft in one or more instalments. 61 Set-off by exchange of documents Self explanatory. 62 Set-off by reciprocal credits Self explanatory. 63 Set-off by "linkage" (against reciprocal benefits) Self explanatory. 64 Set-off by exchange of goods Self explanatory. 69 Other set-off Self explanatory. 70 Supplier to invoice To identify in an order that the supplier is required to invoice for payment. 71 Recipient to self bill To identify in an order that the receiver of the goods is expected to self bill. ZZZ Mutually defined Self explanatory.
Contents of D95B