4439 Payment conditions, coded

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.

Type

String (AN)

Length

Min 1 / Max 3

Codes

Code	Description
1	Direct payment
2	Automatic clearing house credit
3	Automatic clearing house debit
4	Automatic clearing house credit-savings account
5	Automatic clearing house debit-demand account
6	Bank book transfer (credit)
7	Bank book transfer (debit)
8	Doc collection via 3rd party with bill of EX
9	Doc collection via 3rd party no bill of EX
10	Irrevocable documentary credit
11	Transferable irrevocable documentary credit
12	Confirmed irrevocable documentary credit
13	Transferable confirmed irrevocable documentary credit
14	Revocable documentary credit
15	Irrevocable letter of credit-confirmed
16	Letter of guarantee
17	Revocable letter of credit
18	Standby letter of credit
19	Irrevocable letter of credit unconfirmed
20	Clean collection (ICC)
21	Documentary collection (ICC)
22	Documentary sight collection (ICC)
23	Documentary collection with date of expiry (ICC)
24	Documentary collection: bill of exchange against acceptance
25	Documentary collection: bill of exchange against payment
26	Collection subject to buyer's approval (ICC) Self-explanatory.
27	Collection by a bank consignee for the goods (ICC)
28	Collection under CMEA rules with immediate payment and subsequent AC
29	Collection under CMEA rules with prior acceptance
30	Other collection
31	Open account against payment in advance
32	Open account for contra
33	Open account for payment
34	Seller to advise buyer
35	Documents through banks
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
62	Set-off by reciprocal credits
63	Set-off by "linkage" (against reciprocal benefits)
64	Set-off by exchange of goods
69	Other set-off
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