4439 Payment conditions code

Code specifying the payment conditions.

Type
String (AN)
Length
Min 1 / Max 3
Codes
CodeDescription
1Direct payment
2Automatic clearing house credit
3Automatic clearing house debit
4Automatic clearing house credit-savings account
5Automatic clearing house debit-demand account
6Bank book transfer (credit)
7Bank book transfer (debit)
8Doc collection via 3rd party with bill of EX
9Doc collection via 3rd party no bill of EX
10Irrevocable documentary credit
11Transferable irrevocable documentary credit
12Confirmed irrevocable documentary credit
13Transferable confirmed irrevocable documentary credit
14Revocable documentary credit
15Irrevocable letter of credit-confirmed
16Letter of guarantee
17Revocable letter of credit
18Standby letter of credit
19Irrevocable letter of credit unconfirmed
20Clean collection (ICC)
21Documentary collection (ICC)
22Documentary sight collection (ICC)
23Documentary collection with date of expiry (ICC)
24Documentary collection: bill of exchange against acceptance
25Documentary collection: bill of exchange against payment
26Collection subject to buyer's approval (ICC)
Self-explanatory.
27Collection by a bank consignee for the goods (ICC)
28Collection under CMEA rules with immediate payment and subsequent AC
29Collection under CMEA rules with prior acceptance
30Other collection
31Open account against payment in advance
32Open account for contra
33Open account for payment
34Seller to advise buyer
35Documents through banks
36Charging (to account)
Amount due booked to accounts payable/accounts receivables accordingly.
37Available with issuing bank
Documentary credit is available with the issuing bank.
38Available with advising bank
Documentary credit is available with the advising bank.
39Available with named bank
Documentary credit is available with the financial institution identified in the FII segment.
40Available with any bank
Documentary credit is available with any bank.
41Available with any bank in ...
Documentary credit is available with any bank located in a place identified in the LOC segment.
42Indirect payment
An assigned invoice has been paid by the buyer to the seller or to the seller's agent instead of to the factor.
43Reassignment
An invoice or credit note assigned to a factor has been reassigned back to the seller or to another factor.
44Offset
An invoice/credit note has been (partly) offset against other items on the seller's or buyer's account.
45Special entries
Payment to be treated as special booking entry by the beneficiary.
46Instalment payment
Payment is to be made in one or more instalments.
47Instalment payment with draft
Payment is to be made by bank draft in one or more instalments.
48Available with advise through bank
Available with the financial institution through which the advising bank is to advise the documentary credit.
49General conditions of sale
Refer to general conditions of sale for payment condition information.
50Special payment
Payment with special condition(s).
61Set-off by exchange of documents
62Set-off by reciprocal credits
63Set-off by "linkage" (against reciprocal benefits)
64Set-off by exchange of goods
69Other set-off
70Supplier to invoice
To identify in an order that the supplier is required to invoice for payment.
71Recipient to self bill
To identify in an order that the receiver of the goods is expected to self bill.
ZZZMutually defined

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