Change Indicators

  4279  Payment terms type qualifier                               [B]

  Desc: Identification of the type of payment terms.

  Repr: an..3

        1 Basic
             Payment conditions normally applied.
        2 End of month
             Self explanatory.
        3 Fixed date
             Self explanatory.
        4 Deferred
             Self explanatory.
        5 Discount not applicable
             Self explanatory.
        6 Mixed
             Different payment terms negotiated under a documentary
             credit.
        7 Extended
             Self explanatory.
        8 Basic discount offered
             Self explanatory.
        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
             Self explanatory.
       15 No charge
             Self explanatory.
       16 Not yet defined
             Self explanatory.
       17 Ultimo
             Payment is due the end of the current or specified month.
       18 Previously agreed upon
             Self explanatory.
       20 Penalty terms
             Self explanatory.
       21 Payment by instalment
             Self explanatory.
       22 Discount
             Self explanatory.
       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.
   ZZZ    Mutually defined
             Self explanatory.