PYM Payment Manner and Percentage

To specify manner in which bills are paid either to a specific vendor or overall to all vendors

Position
Element
Name
Type
Requirement
Min
Max
Repeat
PYM-01
Rating Code
Identifier (ID)
Conditional
2
2
1
Code identifying the status of the credit account rating
R0106: At least one of PYM-01 or PYM-06 is required
PYM-02
Unit of Time Period or Interval
Identifier (ID)
Conditional
2
2
1
Code indicating the time period or interval
P0203: If either PYM-02 or PYM-03 is present, then the other is required
PYM-03
Number of Periods
Numeric (N0)
Conditional
1
3
1
Total number of periods
C0301: If PYM-03 is present, then PYM-01 is required
PYM03 is the low end of the period if a range exists.
PYM-04
Number of Periods
Numeric (N0)
Optional
1
3
1
Total number of periods
C0403: If PYM-04 is present, then PYM-03 is required
PYM04 is the high end of the period if a range exists.
PYM-05
Time Period Qualifier
Identifier (ID)
Optional
1
2
1
Code defining periods
C0503: If PYM-05 is present, then PYM-03 is required
PYM-06
Rating Remarks Code
Identifier (ID)
Conditional
2
2
1
Code identifying the remarks related to a particular rating
PYM-07
Percentage as Decimal
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
PYM07 specifies the percentage of the payment manner referenced in PYM01 or PYM06 relative to the total payment.

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