Change Indicators

  4439  Payment conditions, coded                                  [C]

  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.
       48 Available with advise through bank
             Available with the financial institution through which
             the advising bank is to advise the documentary credit.
       49 General conditions of sale
             Refer to general conditions of sale for payment condition
             information.
       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.