SEF Payment Handling

To indicate the frequency and method for which trading partner financial settlement occurs

Position: SEF-01 · Element: 1772 · Name: Frequency Pattern Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 2 · Max: 2 · Repeat: 1

Code indicating the frequency pattern used between the contracting parties

Position: SEF-02 · Element: 352 · Name: Description · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 80 · Repeat: 1

A free-form description to clarify the related data elements and their content

SEF02 is used to clarify the payment frequency pattern code.

Position: SEF-03 · Element: 1764 · Name: Payment Handling Code · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: 1

Code identifying the payment mechanism used

R0304: At least one of SEF-03 or SEF-04 is required

Position: SEF-04 · Element: 352 · Name: Description · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 80 · Repeat: 1

A free-form description to clarify the related data elements and their content

SEF04 is used to clarify payment handling.