To identify in an order that the supplier is required to invoice for payment.

Payment will be initiated by an action not otherwise stipulated.

Payment conditions to be advised by the seller to the buyer.

Documentary credit is available with any bank.

Written undertaking by a bank to pay a seller against stipulated documents that cannot be amended or cancelled without the consent of all parties involved.

Letter of credit that can be cancelled or amended at any time by the issuing bank.

Condition of payment to suppliers in which a third party (for example, a bank) manages the payments that one company has to make to its suppliers.

Documentary credit is available with the advising bank.

Current value of an asset, moved from one account to another, as it appears on the balance sheet (credit).

A collection in which the seller exchanges the delivery of the goods and any documents giving control of such goods for payment or upon promise of payment by acceptance of a commercial document. this type of collection involves financial and commercial documents. international chamber of commerce (icc) term.

Amount due booked to accounts payable/accounts receivables accordingly.

Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party with bill of exchange.

Payment is to be made in one or more instalments.

An invoice or credit note assigned to a factor has been reassigned back to the seller or to another factor.

Available with the financial institution through which the advising bank is to advise the documentary credit.

Letter of credit that cannot be cancelled or amended without agreement by all the parties involved, and carries the endorsement of both the issuing bank and its correspondent, guaranteeing payment of all drafts written against.

Credit transaction via an ach (automated clearing house) to an interest bearing deposit account without a stated maturity.

A collection in which the commercial documents are valid for a term or until a specified date. international chamber of commerce (icc) term.

Debit transaction via an ach (automated clearing house).

A collection in which the bill of exchange is handed over on acceptance and the payment will take place on a future date.

An invoice/credit note has been (partly) offset against other items on the seller's or buyer's account.

Letter of credit that cannot be cancelled or amended before a specific date without agreement by all the parties involved, and carries no guarantee that a correspondent will honour drafts presented for payment.

Documentary credit is available with any bank located in a place identified in the loc segment.

Written undertaking by a bank to pay a seller against credit conform stipulated documents that cannot be amended or cancelled without the consent of all parties involved and that can be transferred by the first beneficiary to one or more beneficiaries.

Any guarantee, bond or other payment undertaking given for the payment of money on presentation in conformity with the terms of the undertaking of a demand for payment and other documents specified.

An assigned invoice has been paid by the buyer to the factor.

The collection is subject to the buyer's approval. international chamber of commerce (icc) term.

Payment will be initiated by the settling of reciprocal credits.

To identify in an order that the receiver of the goods is expected to self bill.

Also known as 'documents against presentation', the documents are sent to a bank, and the buyer obtains the documents by paying the invoice amount to the bank.

Payment is to be made by bank draft in one or more instalments.

Written undertaking by a bank to pay a seller against stipulated documents that cannot be amended or cancelled without the consent of all parties involved and that can be transferred by the first beneficiary to one or more beneficiaries.

Payment with special condition(s).

Refer to general conditions of sale for payment condition information.

Written undertaking by a bank to pay a seller against stipulated documents that can be amended or cancelled at any time.

Current value of an asset, moved from one account to another, as it appears on the balance sheet (debit).

A collection in which the seller has already sent the goods and any documents giving control of such goods directly to the buyer, and where he subsequently sends his claim for payment. this type of collection involves financial documents only.

Payment will be initiated by the exchange of goods.

Documentary credit is available with the financial institution identified in the fii segment.

A collection in which the bill of exchange is handed over when payment is obtained.

Payment will be initiated by the exchange of documents.

Credit transaction via an ach (automated clearing house).

Documentary credit is available with the issuing bank.

Presentment of negotiable instruments to the point of origin, and receiving payment from the paying bank, using a 3rd party without bill of exchange.

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.

Payment to be treated as special booking entry by the beneficiary.

Letter of credit which is a contingent (future) obligation of the issuing bank to make payment to the designated beneficiary if the bank's customer fails to perform as called for under the terms of a contract.

An assigned invoice has been paid by the buyer to the seller or to the seller's agent instead of to the factor.

Written undertaking by a bank to pay a seller against credit conform stipulated documents that cannot be amended or cancelled without the consent of all parties involved.

A collection in which the commercial documents are delivered against immediate payment. international chamber of commerce (icc) term.

Debit transaction via an ach (automated clearing house) to an account paying funds on demand without notice of intended withdrawal.

A collection in which the bank stores the goods on its premises. international chamber of commerce (icc) term.