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1 |
| Factor guarantee |
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Payment of an invoice is made by a factor under the guarantee he issued to seller or to another factor. |
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10 |
| Bank guarantee |
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A bank has agreed to stand as guarantor to ensure that payment is made. |
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11 |
| Public authority guarantee |
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A public authority has agreed to stand as guarantor to ensure that payment is made. |
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12 |
| Third party guarantee |
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The party who has agreed to stand as guarantor to ensure that payment is made is neither the payee nor the payor. |
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13 |
| Standby letter of credit |
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The guarantee of payment is in the form of a standby letter of credit. |
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14 |
| No guarantee |
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No guarantee of payment has been made or is available. |
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20 |
| Goods as security |
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The payor has provided possession of, or title in goods, as security against payment. |
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21 |
| Business as security |
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The payor has provided title in, or a lien over a business whose assets may be sold or sequestered, as security against payment. |
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23 |
| Warrant or similar (warehouse receipts) |
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The payor has provided a warrant or warehouse receipts for goods or property to be held or used as security against payment. |
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24 |
| Mortgage |
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The payor has provided a mortgage as security against payment. |
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41 |
| Book guarantee/book bond |
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Self explanatory. |
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44 |
| Group guarantee |
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Self explanatory. |
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45 |
| Insurance certificate |
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A certificate of insurance has been provided as a guarantee of eventual payment. |
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ZZZ |
| Mutually defined |
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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. |
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