United Nations Directories
for Electronic Data Interchange for
Administration, Commerce and Transport
a plus sign (+) for an addition
an asterisk (*) for an amendment to structure
a hash sign (#) for changes to names
a vertical bar (|) for changes to text for descriptions and
a minus sign (-) for marked for deletion (within either
batch and interactive messages)
a X sign (X) for marked for deletion (within both batch
and interactive messages)
4277 Payment terms description identifier [B]
Desc: Identification of the terms of payment between the
parties to a transaction (generic term).
1 Recommend use UN/ECE Recommendation No. 17 Payterms.
1 Draft(s) drawn on issuing bank
Draft(s) must be drawn on the issuing bank.
2 Draft(s) drawn on advising bank
Draft(s) must be drawn on the advising bank.
3 Draft(s) drawn on reimbursing bank
Draft(s) must be drawn on the reimbursing bank.
4 Draft(s) drawn on applicant
Draft(s) must be drawn on the applicant.
5 Draft(s) drawn on any other drawee
Draft(s) must be drawn on any other drawee.
6 No drafts
No drafts required.
7 Payment means specified in commercial account summary
An indication that the payment means are specified in a
commercial account summary.
Data Element Cross Reference
DataElement 4277 is used in the following Batch Composite Elements:
Copyright United Nations, all rights reserved
UN Economic Commission for Europe
Palais des Nations, CH-1211 Geneva 10, Switzerland
Tel: +41-22 917 2773 Fax: +41-22 917 0037 E-mail: TradeMaster@unece.org