ISO 20022 · Document 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
Document amount type contains 27 registered codes. Its exact identifier is ExternalDocumentAmountType1Code.
Specifies the nature, or use, of the amount, as published in an external document amount type code set. 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.