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

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4487
| Type of financial transaction, coded
| Specification of the type of a financial transaction in coded form.

+ | 1
= | Clean payment
| Payment under open account terms.
+ | 4
= | Documentary payment
| Payment relating to a documentary settlement.
+ | 5
= | Irrevocable documentary credit
| The documentary credit is irrevocable.
+ | 6
= | Revocable documentary credit
| The documentary credit is revocable.
+ | 7
= | Irrevocable and transferable documentary credit
| The documentary credit is irrevocable and may be transferred to a second beneficiary.
+ | 8
= | Revocable and transferable documentary credit
| The documentary credit is revocable and may be transferred to a second beneficiary.

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