EANCOM PART III DATA ELEMENT & CODE SETS DIRECTORY |  | 1997-07-01

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4277
| Terms of payment identification
| Identification of the terms of payment between the parties to a transaction (generic term). Note: Use UN/ECE Recommendation No. 17 Payterms. If not applicable, use appropriate code set in combination with 1131/3055, or values underneath.

+ | 1
= | Draft(s) drawn on issuing bank
| Draft(s) must be drawn on the issuing bank.
+ | 2
= | Draft(s) drawn on advising bank
| Draft(s) must be drawn on the advising bank.
+ | 3
= | Draft(s) drawn on reimbursing bank
| Draft(s) must be drawn on the reimbursing bank.
+ | 4
= | Draft(s) drawn on applicant
| Draft(s) must be drawn on the applicant.
+ | 5
= | Draft(s) drawn on any other drawee
| Draft(s) must be drawn on any other drawee.
+ | 6
= | No drafts
| No drafts required.

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