Code specifying a type of financial transaction.
Type
String (AN)
Length
Max 3 / Min 1
Codes
<> 1
Clean payment
Payment under open account terms.
<> 2
Pre-authorised direct debit or direct debit request
The transaction is a pre-authorised direct debit or direct debit request, i.e. a direct debit for which there is an agreed mandate that allows the creditor to draw funds from the debtor.
<> 3
Non pre-authorised direct debit or direct debit request
The transaction is a non pre-authorised direct debit or direct debit request, i.e. a direct debit for which there is no prior agreed mandate allowing the creditor to draw funds from the debtor.
<> 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.
<> 13
Pre-advised direct debit
The transaction is a direct debit about which the debtor has advised his bank prior to the creditor raising the direct debit, giving his bank permission to debit his account.
<> 14
Non pre-advised direct debit
The transaction is a direct debit about which the debtor has not advised his bank prior to the creditor raising the direct debit.
<> 15
Irrevocable reimbursement of cash withdrawal
The transaction is an irrevocable direct debit, from bank A to bank B, which reimburses bank A that has by agreement provided cash to a customer of bank B.
