Code specifying the means of payment guarantee.
Type
String (AN)
Length
Max 3 / Min 1
Codes
<> 1
Factor guarantee
Payment of an invoice is made by a factor under the guarantee he issued to seller or to another factor.
<> 10
Bank guarantee
A bank has agreed to stand as guarantor to ensure that payment is made.
<> 11
Public authority guarantee
A public authority has agreed to stand as guarantor to ensure that payment is made.
<> 12
Third party guarantee
The party who has agreed to stand as guarantor to ensure that payment is made is neither the payee nor the payor.
<> 13
Standby letter of credit
The guarantee of payment is in the form of a standby letter of credit.
<> 14
No guarantee
No guarantee of payment has been made or is available.
<> 20
Goods as security
The payor has provided possession of, or title in goods, as security against payment.
<> 21
Business as security
The payor has provided title in, or a lien over a business whose assets may be sold or sequestered, as security against payment.
<> 23
Warrant or similar (warehouse receipts)
The payor has provided a warrant or warehouse receipts for goods or property to be held or used as security against payment.
<> 24
Mortgage
The payor has provided a mortgage as security against payment.
<> 41
Book guarantee/book bond
<> 44
Group guarantee
<> 45
Insurance certificate
A certificate of insurance has been provided as a guarantee of eventual payment.
<> ZZZ
Mutually defined
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.
