Data Element & Code Sets Directory
Financial transaction type code
 
Code specifying a type of financial transaction.
       
   
S
Old Code
 
 
1
=
Clean payment
Payment under open account terms.
     
 
4
=
Documentary payment
Payment relating to a documentary settlement.
     
 
5
=
Irrevocable documentary credit
The documentary credit is irrevocable.
     
 
6
=
Revocable documentary credit
The documentary credit is revocable.
     
 
7
=
Irrevocable and transferable documentary credit
The documentary credit is irrevocable and may be transferred to a second beneficiary.
     
 
8
=
Revocable and transferable documentary credit
The documentary credit is revocable and may be transferred to a second beneficiary.
     
 
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Edition 2016 Upd. 2021