1
Clean payment
Payment under open account terms.
2
Pre-authorised direct debit or direct debit request
The transaction is a pre-authorised direct debit or direct debit request, i.e. a direct debit for which there is an agreed mandate that allows the creditor to draw funds from the debtor.
3
Non pre-authorised direct debit or direct debit request
The transaction is a non pre-authorised direct debit or direct debit request, i.e. a direct debit for which there is no prior agreed mandate allowing the creditor to draw funds from the debtor.
4
Documentary payment
Payment relating to a documentary settlement.
5
Irrevocable documentary credit
The documentary credit is irrevocable.
6
Revocable documentary credit
The documentary credit is revocable.
7
Irrevocable and transferable documentary credit
The documentary credit is irrevocable and may be transferred to a second beneficiary.
8
Revocable and transferable documentary credit
The documentary credit is revocable and may be transferred to a second beneficiary.
9
Revocable and transferable standby letter of credit
Revocable and transferable standby letter of credit.
10
Irrevocable and transferable standby letter of credit
Irrevocable and transferable standby letter of credit.
11
Revocable standby letter of credit
Revocable standby letter of credit.
12
Irrevocable standby letter of credit
Irrevocable standby letter of credit.
13
Pre-advised direct debit
The transaction is a direct debit about which the debtor has advised his bank prior to the creditor raising the direct debit, giving his bank permission to debit his account.
14
Non pre-advised direct debit
The transaction is a direct debit about which the debtor has not advised his bank prior to the creditor raising the direct debit.
15
Irrevocable reimbursement of cash withdrawal
The transaction is an irrevocable direct debit, from bank A to bank B, which reimburses bank A that has by agreement provided cash to a customer of bank B.