cac:PaymentTerms

Element information

Content

• Sequence [1..1]
  1. cbc:ID [0..1]    Identifies the Payment Terms.
  2. cbc:PaymentMeansID [0..1]    Identifies the applicable Payment Means.
  3. cbc:PrepaidPaymentReferenceID [0..1]    Identifies a reference to a prepaid payment.
  4. cbc:Note [0..*]    Free-form text applying to the Payment Terms. This element may contain notes or any other similar information that is not contained explicitly in another structure.
  5. cbc:ReferenceEventCode [0..1]    The event from which terms are offered for a length of time, identified by a standard code.
  6. cbc:SettlementDiscountPercent [0..1]    The settlement discount rate (percentage) offered for payment within the settlement period.
  7. cbc:PenaltySurchargePercent [0..1]    The penalty rate (percentage) charged for late payment.
  8. cbc:Amount [0..1]    The payment amount for the Payment Terms.
  9. cac:SettlementPeriod [0..1]    An association to Settlement Period.
  10. cac:PenaltyPeriod [0..1]    An association to Penalty Period.

Attributes

None

Used in

• Type FreightInvoiceType (Element FreightInvoice)
• Type InvoiceType (Element Invoice)
• Type ReminderType (Element Reminder)
• Type SelfBilledInvoiceType (Element SelfBilledInvoice)
• Type StatementType (Element Statement)
• Type cac:ConsignmentType (Element cac:Consignment)
• Type cac:InvoiceLineType (Element cac:InvoiceLine)
• Type cac:StatementLineType (Element cac:StatementLine)

Sample instance

<cac:PaymentTerms>
   <cbc:Note>Payable within 1 calendar month from the invoice date</cbc:Note>
</cac:PaymentTerms>