Data Element & Code Sets Directory

Basic

Payment conditions normally applied.

End of month

Payments are due at end of month.

GS1 Description:
Payment terms are at the end of the current month.

Fixed date

Payments are due on the fixed date specified.

Deferred

Payments are deferred beyond the normal due date.

Discount not applicable

Payment terms on which discounts are not applicable.

GS1 Description:
Discount is not applicable to the payment terms.

Mixed

Different payment terms negotiated under a documentary credit.

Extended

Payment is extended beyond the normal due date.

Basic discount offered

Payment terms reflect the basic offered discount.

Proximo

Occurring in the next month after present.

Instant

Payment is due on receipt of invoice.

Elective

Payment terms to be chosen by buyer (from options separately advised).

10 days after end of month

Payment due ten days after end of a calendar month.

Previously agreed upon

Payment terms have been previously agreed upon.

Penalty terms

Payment terms on which penalties apply.

GS1 Description:
Penalty terms applied when payer exceeds normal payment terms.

Payment by instalment

Payment terms are based on instalment payments.

Discount

Payment terms on which discounts are applicable.

GS1 Description:
Payment conditions related to discounts for advanced payments.

Complete payment

Payment must be made for complete value and may not be paid in instalments.

EDIFACT

Lump sum

The payment term requires a lump sum payment.

Discount after deducting freight (GS1 Temporary Code)

GS1 Note: Code marked for deletion.

Valuta (GS1 Temporary Code)

GS1 Note: Code marked for deletion.

Mutually defined

A code assigned within a code list to be used on an interim basis and as defined among trading partners until a precise code can be assigned to the code list.

© Copyright GS1

Edition 2016 Upd. 2021