ISO 20022 · Discount amount type
TMDSTerms Discount
Published definition
Discount based on terms negotiated for payment within a specified time period, i.e., 2/10 Net 30 (2 percent discount if paid in 10 days; otherwise, net amount is due in 30 days).
Code set and usage
Discount amount type contains 4 registered codes. Its exact identifier is ExternalDiscountAmountType1Code.
Specifies the nature, or use, of the amount in the format of character string with a maximum length of 4 characters. The list of valid codes is an external code list published separately. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.
This code in other sets 1
These share the characters TMDS. Their meanings belong to their respective sets.