4487 Type of financial transaction, coded

Specification of the type of a financial transaction in coded form.

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Type
String (AN)
Length
Min 1 / Max 3
Codes
CodeDescription
1Clean payment
Payment under open account terms.
4Documentary payment
Payment relating to a documentary settlement.
5Irrevocable documentary credit
The documentary credit is irrevocable.
6Revocable documentary credit
The documentary credit is revocable.
7Irrevocable and transferable documentary credit
The documentary credit is irrevocable and may be transferred to a second beneficiary.
8Revocable and transferable documentary credit
The documentary credit is revocable and may be transferred to a second beneficiary.
9Revocable and transferable standby letter of credit
Revocable and transferable standby letter of credit.
10Irrevocable and transferable standby letter of credit
Irrevocable and transferable standby letter of credit.
11Revocable standby letter of credit
Revocable standby letter of credit.
12Irrevocable standby letter of credit
Irrevocable standby letter of credit.
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