PYT: Settlement Terms

The PYT segment appears in 3 messages: CREDIT, INVOIC, UTLBIL.

Element	Name	M/C	F/V	Format	Notes
`SEQA`	First Level Sequence Number	M	V	`9(10)`	Sequence number. Starts at 1 and increases for each occurrence of the PYT segment
`PAYT`	Terms of Payment	C	V	`X(40)`	Textual description of the settlement terms
`PAYD`	Payment Date and Terms composite	C			Settlement terms agreed between the buyer and seller, expressed in terms of payment due date and percentage Date that payment should be made available to the payee to obtain the specified discount Percentage discount applicable
	Payment Date	M	F	`9(6)`
	Settlement Discount Percentage	M	V	`9(3)V9(3)`
`PAYY`	Settlement Terms composite	C			Settlement terms described using calendar days after a reference date and/or code Days until payment is due is defined as the number of calendar days after a reference date, commonly the date of invoice, that the payment is to be made available to the payee Percentage discount applicable Code for settlement terms. User defined
	Number of days	M	V	`9(3)`
	Settlement Discount Percentage	C	V	`9(3)V9(3)`
	Settlement Code	C	V	`X(3)`

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