C110 Payment terms

Composite elementInteractive

Terms of payment code from a specified source.

Elements

PositionElementNameTypeMin/MaxRepeat
C110-104277Terms of payment identificationMandatoryID1/171
C110-201131Code list qualifierOptID1/31
C110-303055Code list responsible agency, codedOptID1/31
C110-404276Terms of paymentOptAlphanumeric1/351
C110-504276Terms of paymentOptAlphanumeric1/351

Element Details

ID4277NameTerms of payment identificationLength1/17Codes
  • <>6
    No drafts required.
  • <>4
    Draft(s) must be drawn on the applicant.
  • <>3
    Draft(s) must be drawn on the reimbursing bank.
  • <>1
    Draft(s) must be drawn on the issuing bank.
  • <>2
    Draft(s) must be drawn on the advising bank.
  • <>5
    Draft(s) must be drawn on any other drawee.