Data Element & Code Sets Directory
Payment terms description identifier
 
Identification of the terms of payment between the parties to a transaction (generic term).

Notes:
1. Recommend use UN/ECE Recommendation No. 17 Payterms.
       
   
S
Old Code
 
 
1
=
Draft(s) drawn on issuing bank
Draft(s) must be drawn on the issuing bank.
     
 
2
=
Draft(s) drawn on advising bank
Draft(s) must be drawn on the advising bank.
     
 
3
=
Draft(s) drawn on reimbursing bank
Draft(s) must be drawn on the reimbursing bank.
     
 
4
=
Draft(s) drawn on applicant
Draft(s) must be drawn on the applicant.
     
 
5
=
Draft(s) drawn on any other drawee
Draft(s) must be drawn on any other drawee.
     
 
6
=
No drafts
No drafts required.
     
+
ZZZ
=
Mutually defined (GS1 Temporary Code)
A code identifying mutually defined payment terms.
     
 
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Edition 2016 Upd. 2021