1Direct payment 2Automatic clearing house credit 3Automatic clearing house debit 4Automatic clearing house credit-savings account 5Automatic clearing house debit-demand account 6Bank book transfer (credit) 7Bank book transfer (debit) 8Doc collection via 3rd party with bill of EX 9Doc collection via 3rd party no bill of EX 10Irrevocable documentary credit 11Transferable irrevocable documentary credit 12Confirmed irrevocable documentary credit 13Transferable confirmed irrevocable documentary credit 14Revocable documentary credit 15Irrevocable letter of credit-confirmed 16Letter of guarantee 17Revocable letter of credit 18Standby letter of credit 19Irrevocable letter of credit unconfirmed 20Clean collection (ICC) 21Documentary collection (ICC) 22Documentary sight collection (ICC) 23Documentary collection with date of expiry (ICC) 24Documentary collection: bill of exchange against acceptance 25Documentary collection: bill of exchange against payment 26Collection subject to buyer's approval (ICC)Self-explanatory.
27Collection by a bank consignee for the goods (ICC) 28Collection under CMEA rules with immediate payment and subsequent AC 29Collection under CMEA rules with prior acceptance 30Other collection 31Open account against payment in advance 32Open account for contra 33Open account for payment 34Seller to advise buyer 35Documents through banks 36Charging (to account)Amount due booked to accounts payable/accounts receivables accordingly.
37Available with issuing bankDocumentary credit is available with the issuing bank.
38Available with advising bankDocumentary credit is available with the advising bank.
39Available with named bankDocumentary credit is available with the financial institution identified in the FII segment.
40Available with any bankDocumentary credit is available with any bank.
41Available with any bank in ...Documentary credit is available with any bank located in a place identified in the LOC segment.
42Indirect paymentAn assigned invoice has been paid by the buyer to the seller or to the seller's agent instead of to the factor.
43ReassignmentAn invoice or credit note assigned to a factor has been reassigned back to the seller or to another factor.
44OffsetAn invoice/credit note has been (partly) offset against other items on the seller's or buyer's account.
45Special entriesPayment to be treated as special booking entry by the beneficiary.
46Instalment paymentPayment is to be made in one or more instalments.
47Instalment payment with draftPayment is to be made by bank draft in one or more instalments.
61Set-off by exchange of documents 62Set-off by reciprocal credits 63Set-off by "linkage" (against reciprocal benefits) 64Set-off by exchange of goods 69Other set-off 70Supplier to invoiceTo identify in an order that the supplier is required to invoice for payment.
71Recipient to self billTo identify in an order that the receiver of the goods is expected to self bill.
ZZZMutually defined