PYM Payment Manner and Percentage
PYM Payment Manner and Percentage
To specify manner in which bills are paid either to a specific vendor or overall to all vendors
Position
Element
Name
Type
Requirement
Min
Max
Repeat
PYM-01
Rating Code
Identifier (ID)
Conditional
2
2
-
Code identifying the status of the credit account rating
PYM-02
Unit of Time Period or Interval
Identifier (ID)
Conditional
2
2
-
Code indicating the time period or interval
PYM-03
Number of Periods
Numeric (N0)
Conditional
1
3
-
Total number of periods
PYM03 is the low end of the period if a range exists.
PYM-04
Number of Periods
Numeric (N0)
Optional
1
3
-
Total number of periods
PYM04 is the high end of the period if a range exists.
PYM-05
Time Period Qualifier
Identifier (ID)
Optional
1
2
-
Code defining periods
PYM-06
Rating Remarks Code
Identifier (ID)
Conditional
2
2
-
Code identifying the remarks related to a particular rating
PYM-07
Percentage as Decimal
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
PYM07 specifies the percentage of the payment manner referenced in PYM01 or PYM06 relative to the total payment.