PAT Payment terms basis

SegmentBatch

To specify the payment terms basis.

Elements

PositionElementNameRequirementTypeMin/MaxRepeat
10
4279Payment terms type qualifierMandatoryID1/31
20
C110Payment termsOpt1
10
4277Terms of payment identificationMandatoryID1/171
20
1131Code list qualifierOptID1/31
30
3055Code list responsible agency, codedOptID1/31
40
4276Terms of paymentOptAlphanumeric1/351
50
4276Terms of paymentOptAlphanumeric1/351
30
C112Terms/time informationOpt1
10
2475Payment time reference, codedMandatoryID1/31
20
2009Time relation, codedOptID1/31
30
2151Type of period, codedOptID1/31
40
2152Number of periodsOptDecimal1/31

Element Details

ID4279NamePayment terms type qualifierLength1/3Position10TypeIDRequirementMandatoryCodes
  • <>10
    Instant_payment is due on receipt of invoice.
  • <>17
    Ultimo_payment is due the end of the current or specified month.
  • <>6
    Mixed_different payment terms negotiated under a documentary credit.
  • <>21
    Payment by installment_self explanatory.
  • <>8
    Basic discount offered_self explanatory.
  • <>15
    No charge_self explanatory.
  • <>4
    Deferred_self explanatory.
  • <>23
    Available by sight payment_payment made at sight.
  • <>3
    Fixed date_self explanatory.
  • <>24
    Available by deferred payment_payment made at deferred date.
  • <>29
    Available by negotiation_payment made by negotiation.
  • <>30
    Adjustment payment_payment adjusted for outstanding credits or debits.
  • <>13
    Seller to advise buyer_seller will advise buyer of payment terms by separate transaction.
  • <>16
    Not yet defined_self explanatory.
  • <>1
    Basic_payment conditions normally applied.
  • <>26
    Available by negotiation with any bank_payment made by negotiation with any bank.
  • <>32
    Advanced payment_payment in advance of due date.
  • <>11
    Elective_payment terms to be chosen by buyer (from options separately advised).
  • <>14
    Paid against statement_self explanatory.
  • <>7
    Extended_self explanatory.
  • <>20
    Penalty terms_self explanatory.
  • <>25
    Available by acceptance_payment on acceptance.
  • <>2
    End of month_self explanatory.
  • <>9
    Proximo_occurring in the next month after present.
  • <>ZZZ
    Mutually defined_self explanatory.
  • <>18
    Previously agreed upon_self explanatory.
  • <>12
    10 days after end of month_payment due ten days after end of a calender month.
  • <>22
    Discount_self explanatory.
  • <>5
    Discount not applicable_self explanatory.
  • <>27
    Available by negotiation with any bank in ..._payment made by negotiation with any bank in a specified location.
  • <>31
    Late payment_payment after due date.
  • <>28
    Available by negotiation by named bank_payment made by negotiation with a specified financial institution.