E002 Commission details

Composite elementInteractive

To specify the commission conditions, amount, currency, party paying, and any related free text.

Elements

Position	Element	Name		Type	Min/Max	Repeat

E002-10	4439	Payment conditions code	Mandatory	ID	1/3	1
E002-20	5004	Monetary amount	Opt	Decimal	1/20	1
E002-30	6345	Currency identification code	Opt	Alphanumeric	1/3	1
E002-40	3036	Party name	Opt	Alphanumeric	1/35	1
E002-50	4440	Free text value	Opt	Alphanumeric	1/512	1
E002-60	1229	Action request/notification description code	Opt	ID	1/3	1

Element Details

ID4439NamePayment conditions codeLength1/3Codes

<>15
Letter of credit that cannot be cancelled or amended without agreement by all the parties involved, and carries the endorsement of both the issuing bank and its correspondent, guaranteeing payment of all drafts written against.
<>37
Documentary credit is available with the issuing bank.
<>48
Available with the financial institution through which the advising bank is to advise the documentary credit.
<>61
Payment will be initiated by the exchange of documents.
<>7
Current value of an asset, moved from one account to another, as it appears on the balance sheet (debit).
<>25
A collection in which the bill of exchange is handed over when payment is obtained.
<>43
An invoice or credit note assigned to a factor has been reassigned back to the seller or to another factor.
<>ZZZ
Self explanatory.
<>28
Self explanatory.
<>13
Written undertaking by a bank to pay a seller against credit conform stipulated documents that cannot be amended or cancelled without the consent of all parties involved and that can be transferred by the first beneficiary to one or more beneficiaries.
<>31
Self explanatory.
<>14
Written undertaking by a bank to pay a seller against stipulated documents that can be amended or cancelled at any time.
<>36
Amount due booked to accounts payable/accounts receivables accordingly.
<>49
Refer to general conditions of sale for payment condition information.
<>50
Payment with special condition(s).
<>22
Self explanatory.
<>19
Letter of credit that cannot be cancelled or amended before a specific date without agreement by all the parties involved, and carries no guarantee that a correspondent will honour drafts presented for payment.
<>44
An invoice/credit note has been (partly) offset against other items on the seller's or buyer's account.
<>29
Self explanatory.
<>12
Written undertaking by a bank to pay a seller against credit conform stipulated documents that cannot be amended or cancelled without the consent of all parties involved.
<>30
Self explanatory.
<>71
To identify in an order that the receiver of the goods is expected to self bill.
<>17
Letter of credit that can be cancelled or amended at any time by the issuing bank.
<>35
Also known as 'documents against presentation', the documents are sent to a bank, and the buyer obtains the documents by paying the invoice amount to the bank.
<>45
Payment to be treated as special booking entry by the beneficiary.
<>1
An assigned invoice has been paid by the buyer to the factor.
<>23
Self explanatory.
<>18
Letter of credit which is a contingent (future) obligation of the issuing bank to make payment to the designated beneficiary if the banks customer fails to perform as called for under the terms of a contract.
<>40
Documentary credit is available with any bank.
<>62
Payment will be initiated by the settling of reciprocal credits.
<>4
Credit transaction via an ach (automated clearing house) to an interest bearing deposit account without a stated maturity.
<>26
Self-explanatory.
<>70
To identify in an order that the supplier is required to invoice for payment.
<>16
Any guarantee, bond or other payment undertaking given for the payment of money on presentation in conformity with the terms of the undertaking of a demand for payment and other documents specified.
<>34
Payment conditions to be advised by the seller to the buyer.
<>69
Payment will be initiated by an action not otherwise stipulated.
<>2
Credit transaction via an ach (automated clearing house).
<>20
Self explanatory.
<>39
Documentary credit is available with the financial institution identified in the fii segment.
<>46
Payment is to be made in one or more instalments.
<>64
Payment will be initiated by the exchange of goods.
<>5
Debit transaction via an ach (automated clearing house) to an account paying funds on demand without notice of intended withdrawal.
<>27
Self explanatory.
<>41
Documentary credit is available with any bank located in a place identified in the loc segment.
<>63
Self explanatory.
<>8
Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party with bill of exchange.
<>11
Written undertaking by a bank to pay a seller against stipulated documents that cannot be amended or cancelled without the consent of all parties involved and that can be transferred by the first beneficiary to one or more beneficiaries.
<>33
Self explanatory.
<>38
Documentary credit is available with the advising bank.
<>47
Payment is to be made by bank draft in one or more instalments.
<>3
Debit transaction via an ach (automated clearing house).
<>21
Self explanatory.
<>24
A collection in which the bill of exchange is handed over on acceptance and the payment will take place on a future date.
<>42
An assigned invoice has been paid by the buyer to the seller or to the seller's agent instead of to the factor.
<>6
Current value of an asset, moved from one account to another, as it appears on the balance sheet (credit).
<>9
Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party without bill of exchange.
<>10
Written undertaking by a bank to pay a seller against stipulated documents that cannot be amended or cancelled without the consent of all parties involved.
<>32
Self explanatory.

EDI Dictionary

E002 Commission details

Elements

Element Details