PAT Payment terms basis

SegmentOptAtMax 1

To specify the payment terms basis.

Elements

Position

Element

Name

Requirement

Type

Min/Max

Repeat

Payment terms type qualifier

Mandatory

1/3

AtMax 1

Payment terms

Opt

AtMax 1

10	4277	Terms of payment identification	Mandatory	ID	1/17	Exact 1
20	1131	Code list qualifier	Opt	ID	1/3	Exact 1
30	3055	Code list responsible agency, coded	Opt	ID	1/3	Exact 1
40	4276	Terms of payment	Opt	Alphanumeric	1/35	Exact 1
50	4276	Terms of payment	Opt	Alphanumeric	1/35	Exact 1

Terms/time information

Opt

AtMax 1

10	2475	Payment time reference, coded	Mandatory	ID	1/3	Exact 1
20	2009	Time relation, coded	Opt	ID	1/3	Exact 1
30	2151	Type of period, coded	Opt	ID	1/3	Exact 1
40	2152	Number of periods	Opt	Decimal	1/3	Exact 1

ID4279NamePayment terms type qualifierLength1/3Position10TypeIDRequirementMandatoryCodes

<>34
Payment by instalments according to progress (to be agreed).
<>10
Payment is due on receipt of invoice.
<>17
Payment is due the end of the current or specified month.
<>6
Different payment terms negotiated under a documentary credit.
<>21
Self explanatory.
<>33
Payment by instalments according to progress (as agreed).
<>36
Payment to be made according to bilaterally agreed conditions between buyer and seller.
<>8
Self explanatory.
<>15
Self explanatory.
<>4
Self explanatory.
<>23
Payment made at sight.
<>3
Self explanatory.
<>24
Payment made at deferred date.
<>29
Payment made by negotiation.
<>30
Payment adjusted for outstanding credits or debits.
<>13
Seller will advise buyer of payment terms by separate transaction.
<>16
Self explanatory.
<>1
Payment conditions normally applied.
<>26
Payment made by negotiation with any bank.
<>32
Payment in advance of due date.
<>35
Terms of payment differ from the normal terms.
<>11
Payment terms to be chosen by buyer (from options separately advised).
<>14
Self explanatory.
<>7
Self explanatory.
<>20
Self explanatory.
<>25
Payment on acceptance.
<>2
Self explanatory.
<>9
Occurring in the next month after present.
<>ZZZ
Self explanatory.
<>18
Self explanatory.
<>12
Payment due ten days after end of a calendar month.
<>22
Self explanatory.
<>5
Self explanatory.
<>27
Payment made by negotiation with any bank in a specified location.
<>31
Payment after due date.
<>28
Payment made by negotiation with a specified financial institution.