4487Financial transaction type code

ElementBatch

Code specifying a type of financial transaction.

Element Details

Type ID

LengthMin 1 / Max 3

Codes

<>10
Irrevocable and transferable standby letter of credit.
<>6
The documentary credit is revocable.
<>8
The documentary credit is revocable and may be transferred to a second beneficiary.
<>15
The transaction is an irrevocable direct debit, from bank a to bank b, which reimburses bank a that has by agreement provided cash to a customer of bank b.
<>4
Payment relating to a documentary settlement.
<>3
The transaction is a non pre-authorised direct debit or direct debit request, i.e. a direct debit for which there is no prior agreed mandate allowing the creditor to draw funds from the debtor.
<>13
The transaction is a direct debit about which the debtor has advised his bank prior to the creditor raising the direct debit, giving his bank permission to debit his account.
<>1
Payment under open account terms.
<>11
Revocable standby letter of credit.
<>14
The transaction is a direct debit about which the debtor has not advised his bank prior to the creditor raising the direct debit.
<>7
The documentary credit is irrevocable and may be transferred to a second beneficiary.
<>2
The transaction is a pre-authorised direct debit or direct debit request, i.e. a direct debit for which there is an agreed mandate that allows the creditor to draw funds from the debtor.
<>9
Revocable and transferable standby letter of credit.
<>12
Irrevocable standby letter of credit.
<>5
The documentary credit is irrevocable.