EANCOM® 2002
Part III
Data Element & Code Sets Directory
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4431
Payment guarantee means code
 
Code specifying the means of payment guarantee.
       
   
S
Old Code
  
 
10
=
Bank guarantee
A bank has agreed to stand as guarantor to ensure that payment is made.
     
 
11
=
Public authority guarantee
A public authority has agreed to stand as guarantor to ensure that payment is made.
     
 
12
=
Third party guarantee
The party who has agreed to stand as guarantor to ensure that payment is made is neither the payee nor the payor.
     
 
13
=
Standby letter of credit
The guarantee of payment is in the form of a standby letter of credit.
     
 
14
=
No guarantee
No guarantee of payment has been made or is available.
     
 
20
=
Goods as security
The payor has provided possession of, or title in goods, as security against payment.
GS1 Description:
Title to the goods is retained by the supplier until payment is received.
     
 
21
=
Business as security
The payor has provided title in, or a lien over a business whose assets may be sold or sequestered, as security against payment.
GS1 Description:
Business provided as security.
     
 
23
=
Warrant or similar (warehouse receipts)
The payor has provided a warrant or warehouse receipts for goods or property to be held or used as security against payment.
GS1 Description:
Warrent or similar provided as security.
     
 
41
=
Book guarantee/book bond
Self explanatory.
GS1 Description:
Book guarantee/book bond provided as security.
     
 
44
=
Group guarantee
Self explanatory.

Notes:
This code value will be removed effective with directory D.04B.
GS1 Description:
Group guarantee provided as security.
     
 
45
=
Insurance certificate
A certificate of insurance has been provided as a guarantee of eventual payment.
     
 
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