4507 Credit cover response type code
4507 Credit cover response type code
Code specifying the type of response to a request for credit cover.
Type
String (AN)
Length
Max 3 / Min 1
Codes
<> 1
Preliminary assessment
A preliminary assessment without formal approval or commitment.
<> 2
Approved
The limit request has been approved.
<> 3
Not approved
The limit request has not been approved.
<> 4
Conditional approval
Approval subject to conditions as specified.
<> 5
Partly approved
Partly approved as specified.
<> 6
Still investigating
The limit request is still under investigation.
<> 7
Open new account only
Buyer account has been opened without an approved limit.
<> 8
Cancellation
The existing limit has been cancelled.
<> 9
Reduction
Credit limit is reduced.
<> 10
Change of name and/or address
The name and/or address of the buyer has changed.
<> 11
Close buyer's account
The buyer's account is to be closed.