Code specifying a type of financial transaction.
Type
String (AN)
Length
Max 3 / Min 1
Codes
<> 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.
<> 9
Revocable and transferable standby letter of credit
Revocable and transferable standby letter of credit.
<> 10
Irrevocable and transferable standby letter of credit
Irrevocable and transferable standby letter of credit.
<> 11
Revocable standby letter of credit
Revocable standby letter of credit.
<> 12
Irrevocable standby letter of credit
Irrevocable standby letter of credit.
