C110 Payment terms
Composite elementInteractive
Terms of payment code from a specified source.
Elements
| Position | Element | Name | Type | Min/Max | Repeat | |
|---|---|---|---|---|---|---|
| C110-10 | 4277 | Payment terms description identifier | Mandatory | ID | 1/17 | 1 |
| C110-20 | 1131 | Code list identification code | Opt | ID | 1/17 | 1 |
| C110-30 | 3055 | Code list responsible agency code | Opt | ID | 1/3 | 1 |
| C110-40 | 4276 | Payment terms description | Opt | Alphanumeric | 1/35 | 1 |
| C110-50 | 4276 | Payment terms description | Opt | Alphanumeric | 1/35 | 1 |
Element Details
ID4277NamePayment terms description identifierLength1/17Codes
- <>7An indication that the payment means are specified in a commercial account summary.
- <>1Draft(s) must be drawn on the issuing bank.
- <>4Draft(s) must be drawn on the applicant.
- <>2Draft(s) must be drawn on the advising bank.
- <>5Draft(s) must be drawn on any other drawee.
- <>3Draft(s) must be drawn on the reimbursing bank.
- <>6No drafts required.
