PYT Payment terms
Position
Element
Name
Type
Requirement
Min
Max
Repeat
010
Payment terms type code qualifier
String (AN)
Mandatory
1
3
-
Identification of the type of payment terms.
020
Payment terms
Composite (composite)
Conditional
1
010
Payment terms description identifier
String (AN)
Conditional
1
17
-
Identification of the terms of payment between the parties to a transaction (generic term).
020
Code list identification code
String (AN)
Conditional
1
3
-
Identification of a code list.
030
Code list responsible agency code
String (AN)
Conditional
1
3
-
Code specifying the agency responsible for a code list.
040
Payment terms description
String (AN)
Conditional
1
35
-
Free form description of the conditions of payment between the parties to a transaction.
030
Time reference code
String (AN)
Conditional
1
3
-
Code referencing a point in time.
040
Terms time relation code
String (AN)
Conditional
1
3
-
Code relating terms to a chronological event.
050
Period type code
String (AN)
Conditional
1
3
-
Code specifying the type of period.
060
Period count quantity
Numeric (N)
Conditional
1
3
-
The number of periods.