4431 Payment guarantee means code

Code specifying the means of payment guarantee.

String (AN)
Min 1 / Max 3
1Factor guarantee
Payment of an invoice is made by a factor under the guarantee he issued to seller or to another factor.
10Bank guarantee
A bank has agreed to stand as guarantor to ensure that payment is made.
11Public authority guarantee
A public authority has agreed to stand as guarantor to ensure that payment is made.
12Third party guarantee
The party who has agreed to stand as guarantor to ensure that payment is made is neither the payee nor the payer.
13Standby letter of credit
The guarantee of payment is in the form of a standby letter of credit.
14No guarantee
No guarantee of payment has been made or is available.
20Goods as security
The payer has provided possession of, or title in goods, as security against payment.
21Business as security
The payer has provided title in, or a lien over a business whose assets may be sold or sequestered, as security against payment.
23Warrant or similar (warehouse receipts)
The payer has provided a warrant or warehouse receipts for goods or property to be held or used as security against payment.
The payer has provided a mortgage as security against payment.
45Insurance certificate
A certificate of insurance has been provided as a guarantee of eventual payment.
ZZZMutually defined
A code assigned within a code list to be used on an interim basis and as defined among trading partners until a precise code can be assigned to the code list.

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