PYT Payment terms

To specify the terms of payment.

Position
Element
Name
Type
Requirement
Min
Max
Repeat
010
Payment terms type code qualifier
String (AN)
Mandatory
1
3
1
Identification of the type of payment terms.
020
Payment terms
Composite (composite)
Conditional
1
010
Payment terms description identifier
String (AN)
Conditional
1
17
-
Identification of the terms of payment between the parties to a transaction (generic term).
Use UN/ECE Recommendation No. 17 Payterms. If not applicable, use appropriate code set in combination with 1131/3055, or values underneath.
020
Code list identification code
String (AN)
Conditional
1
3
-
Identification of a code list.
030
Code list responsible agency code
String (AN)
Conditional
1
3
-
Code specifying the agency responsible for a code list.
040
Payment terms description
String (AN)
Conditional
1
35
-
Free form description of the conditions of payment between the parties to a transaction.
030
Time reference code
String (AN)
Conditional
1
3
1
Code referencing a point in time.
040
Terms time relation code
String (AN)
Conditional
1
3
1
Code relating terms to a chronological event.
050
Period type code
String (AN)
Conditional
1
3
1
Code specifying the type of period.
060
Period count quantity
Numeric (N)
Conditional
1
3
1
The number of periods.

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