4431 Payment guarantee means code

ElementBatch

Code specifying the means of payment guarantee.

Element Details

Type ID
LengthMin 1 / Max 3
Codes
  • <>10
    A bank has agreed to stand as guarantor to ensure that payment is made.
  • <>21
    The payer has provided title in, or a lien over a business whose assets may be sold or sequestered, as security against payment.
  • <>23
    The payer has provided a warrant or warehouse receipts for goods or property to be held or used as security against payment.
  • <>24
    The payer has provided a mortgage as security against payment.
  • <>13
    The guarantee of payment is in the form of a standby letter of credit.
  • <>1
    Payment of an invoice is made by a factor under the guarantee he issued to seller or to another factor.
  • <>11
    A public authority has agreed to stand as guarantor to ensure that payment is made.
  • <>14
    No guarantee of payment has been made or is available.
  • <>20
    The payer has provided possession of, or title in goods, as security against payment.
  • <>ZZZ
    A code assigned within a code list to be used on an interim basis and as defined among trading partners until a precise code can be assigned to the code list.
  • <>45
    A certificate of insurance has been provided as a guarantee of eventual payment.
  • <>12
    The party who has agreed to stand as guarantor to ensure that payment is made is neither the payee nor the payer.