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Segment
in
X12 Release 003030

PAY Adjustable Payment Description

To provide the terms of payment adjustment
Sequence
Element
Name
Type
Requirement
Min
Max
Repeat
01
1374
Payment Adjustment Code
Identifier (ID)
Mandatory
1
1
-
Code identifying the nature of the payment adjustment
PAY01 is the type of adjustment.
Codes (3)
02
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
PAY02 is the current (adjusted) payment amount.
03
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
PAY03 is the payment adjustment cap percent per change.
04
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
PAY04 is the payment adjustment cap amount per change.
05
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
PAY05 is the payment adjustment life cap.
06
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
PAY06 is payment adjustment life amount.
07
Unit or Basis for Measurement Code
Identifier (ID)
Conditional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
P0708
PAY07 defines period type from first payment to first payment change.
Codes (682)
08
Quantity
Decimal number (R)
Conditional
1
15
-
Numeric value of quantity.
PAY08 is the number of periods from first payment to first to first payment change.
09
Unit or Basis for Measurement Code
Identifier (ID)
Conditional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
P0910
PAY09 defines period type between payment changes after first payment change.
Codes (682)
10
Quantity
Decimal number (R)
Conditional
1
15
-
Numeric value of quantity.
PAY10 is the number of periods between payment changes after payment change.
11
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
PAY11 is the initial payment rate percent.
12
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
PAY12 is the optional payment cap percent.
13
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
PAY13 is optional payment cap amount.
14
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response.
PAY14 defines whether payment adjustments are scheduled; a ``Y'' indicates payment adjustments are scheduled; a ``N'' indicates payment adjustment are not scheduled.
If PAY14 contains the ``Y'' value indicating payment adjustments are scheduled, then PAY15 is required to determine the number of scheduled payment changes and either PAY16 or PAY17 is used to state the payment change.
Codes (3)
15
Quantity
Decimal number (R)
Optional
1
15
-
Numeric value of quantity.
PAY15 is the number of scheduled payment changes.
16
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
PAY16 is the percent by which the scheduled payment changes.
17
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
PAY17 is the amount by which the scheduled payment changes.
18
Negative Amortization Qualifier
Identifier (ID)
Optional
1
1
-
Code indicating the nature of negative amortization.
PAY18 defines the type of negative amoritization.
Codes (3)
19
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
PAY19 is the negative amortization cap percent.
20
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
PAY20 is the negative amortization cap total amount.
21
Negative Amoritzation Cap Source Code
Identifier (ID)
Optional
1
1
-
Code identifying the value used to calculate maximum negative amortization allowed.
PAY21 is the negative amortization cap source.
Codes (3)
22
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response.
PAY22 defines whether payment adjustment cap is optional; ``Y'' indicates payment adjustment cap is optional; ``N'' indicates payment adjustment cap is not optional.
Codes (3)
Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.
Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.