PYT Payment terms

To specify the terms of payment.

Position
Element
Name
Type
Requirement
Min
Max
Repeat
010
Payment terms type code qualifier
String (AN)
Mandatory
1
3
1
Code qualifying 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).
1 Recommend use UN/ECE Recommendation No. 17 Payterms.
020
Code list identification code
String (AN)
Conditional
1
17
-
Code identifying a user or association maintained code list.
1 The codes for this data element are provided by the code list responsible agency defined in data element 3055.
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
Event time reference code
String (AN)
Conditional
1
3
1
Code specifying a time that references an event that will or has occurred.
040
Terms time relation code
String (AN)
Conditional
1
3
1
Code relating terms to a reference date, time or period.
050
Period type code
String (AN)
Conditional
1
3
1
Code specifying the type of period.
060
Period count quantity
Numeric (N)
Conditional
1
3
1
Count of the number of periods.

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