Code specifying the reason for a response to a request for credit cover.
Type
String (AN)
Length
Max 3 / Min 1
Codes
<> 1
Requested financial information not provided
Party requested has not provided financial information.
<> 2
No financial information available
No financial information is available on buyer.
<> 3
Debtor is out of business
Debtor ceased trading activities.
<> 4
Debtor is new company
Debtor is newly incorporated.
<> 5
Debtor is not registered
Debtor is not formally registered as legal entity.
<> 6
Debtor is non-trading company
Debtor without trading, e.g. holding company.
<> 7
No comment
No information can be disclosed.
<> 8
Only insolvency risk covered
Only the risk of insolvency is covered.
<> 9
Subject to acceptance of bill of exchange
Limit cover conditional to buyer's acceptance of bill of exchange.
<> 10
Document against acceptance
Limit given on documents against acceptance terms.
<> 11
Document against payment
Limit given on documents against payment terms.
<> 12
Adverse information is publicly available
Adverse information on buyer is publicly available.
<> 13
Credit limit full
No approval or increase in credit possible.
<> 14
Lack of turnover
Limit reduced. E.g. cancelled due to absence of activity.
<> 15
Other
Reasons not otherwise specified here.
