4507 Credit cover response type code

Code specifying the type of response to a request for credit cover.

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Type
String (AN)
Length
Min 1 / Max 3
Codes
CodeDescription
1Preliminary assessment
A preliminary assessment without formal approval or commitment.
2Approved
The limit request has been approved.
3Not approved
The limit request has not been approved.
4Conditional approval
Approval subject to conditions as specified.
5Partly approved
Partly approved as specified.
6Still investigating
The limit request is still under investigation.
7Open new account only
Buyer account has been opened without an approved limit.
8Cancellation
The existing limit has been cancelled.
9Reduction
Credit limit is reduced.
10Change of name and/or address
The name and/or address of the buyer has changed.
11Close buyer's account
The buyer's account is to be closed.

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