4487 Type of financial transaction, coded
Specification of the type of a financial transaction in coded form.
- Type
- String (AN)
- Length
- Min 1 / Max 3
- Codes
Code | Description |
---|
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. |