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S |
Old Code |
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10 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| No guarantee |
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| No guarantee of payment has been made or is available. |
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20 |
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| 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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GS1 Description:
Title to the goods is retained by the supplier until payment is received. |
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21 |
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| 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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GS1 Description:
Business provided as security. |
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23 |
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| 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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GS1 Description:
Warrent or similar provided as security. |
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41 |
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| Book guarantee/book bond |
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| Self explanatory. |
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GS1 Description:
Book guarantee/book bond provided as security. |
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44 |
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| Group guarantee |
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Self explanatory.
Notes:
This code value will be removed effective with directory D.04B. |
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GS1 Description:
Group guarantee provided as security. |
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45 |
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| Insurance certificate |
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| A certificate of insurance has been provided as a guarantee of eventual payment. |
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