Codes and Abbreviations
BC = Booking Code
BA = booking request
BN = gross/net bill of exchange
FA = invoice/credit note
IN = bills for collection
ZA = payment
BN = stands for gross/net bill of exchange that is sent out to the drawee bank by Intermarket. The amount of bill of exchange is remitted to Intermarket prior to the due date/maturity date of the bill of exchange
CB = Charge back
D = Difference amount
FS = Stop code
IN = Bills for collection that are only remitted by the drawee bank to Intermarket on the due date.
N = stands for new non financeable receivable
R = Reminder rhythm /reminder level
The rhythm of reminders indicates how often reminders for open invoices have already been sent out.
S = Stop code: There are five stop codes which might be used in case of debts/receivables
MR = reminder stop code: the sending out of reminders is stopped, receivables are yet financed
FS = financing stop: receivables are no longer financed, reminders are yet sent out
MF = reminder and financing stop: reminders are no longer sent out, the financing has been stopped
UG = Money transfer: instruments of payment are put under Intermarket’s disposal, the credit note is still outstanding (e.g. cheques)
SA = the stop code has been cancelled
SA = see stop code
UG = see stop code
WCD = the monetary code is the abbreviation for currencies in the three capital letters that are designated according to the norm of the International Organization for Standardization (ISO) in Geneva (e.g. CHF, USD, EUR)
Codes and Abbreviations
BC = Booking Code
BA = booking request
BN = gross/net bill of exchange
FA = invoice/credit note
IN = bills for collection
ZA = payment
BN = stands for gross/net bill of exchange that is sent out to the drawee bank by Intermarket. The amount of bill of exchange is remitted to Intermarket prior to the due date/maturity date of the bill of exchange
CB = Charge back
D = Difference amount
FS = Stop code
IN = Bills for collection that are only remitted by the drawee bank to Intermarket on the due date.
N = stands for new non financeable receivable
R = Reminder rhythm /reminder level
The rhythm of reminders indicates how often reminders for open invoices have already been sent out.
S = Stop code: There are five stop codes which might be used in case of debts/receivables
MR = reminder stop code: the sending out of reminders is stopped, receivables are yet financed
FS = financing stop: receivables are no longer financed, reminders are yet sent out
MF = reminder and financing stop: reminders are no longer sent out, the financing has been stopped
UG = Money transfer: instruments of payment are put under Intermarket’s disposal, the credit note is still outstanding (e.g. cheques)
SA = the stop code has been cancelled
SA = see stop code
UG = see stop code
WCD = the monetary code is the abbreviation for currencies in the three capital letters that are designated according to the norm of the International Organization for Standardization (ISO) in Geneva (e.g. CHF, USD, EUR)
Status symbols/signs
 |
difference and claim respectively that is older than 3 weeks |
 |
i1. process a form, 2. confirm the input |
 |
delete the input |
 |
change the input |
Defined terms
Amount (1) The indication of the amount in the form “Remittance Requested” refers to the remittance of a prepayment to your bank accounts
Amount (2) The indication of the amount in the form “Book invoices” refers to the invoice amount including VAT.
Amount (3) The indication of the amount in the form “Open Bill of Exchange” refers to the amount of the sum payable under a bill of exchange
Amount of bill of exchange– is the amount stated on the bill of exchange.
Amount of cheque – is the amount stated on the cheque
Assumption of del credere – stands for the assumption of del credere liability. This means that Intermarket assumes the risk of „Default in Payment“, resp. the risk of „Non-solvency“ (both as defined within the General Factoring Terms) of your debtor - up to the del credere limit stipulated.
Consequently the terms Request for del credere as well as Change Request for del credere also refer to the requested Assumption of del credere.
Balance of bills of exchange is the total amount of all bills of exchange that are transferred to Intermarket by you or your debtors.
Batch number (1) – refers in the form “Sending of invoice files/manual set-up of invoices” to the serial number of the invoice file that is to be sent to Intermarket.
Batch number (2) – refers in the form “Sending an open item list” to the proceeded total of receivables within an appointed period of time that you supply Intermarket with.
Bill of exchange – as soon as Intermarket receives a bill of exchange from one of your debtors, it is going to be temporary credited to your account (after your approval). Additionally, discount and collection fees are calculated to be charged to the prepayment account. As soon as Intermarket receives a gross/net bill of exchange, it is signed, approved and submitted to the relevant bank. The amount of bill of exchange is credited in favour of your prepayment account.
In both cases the receivables are only reduced in case the bill of exchange is actually honoured.
In case a bill of exchange is transmitted to you, we kindly ask you to sign it on behalf of the company as drawer and to send it on to Intermarket.
Bills of exchange honoured – in case a debtor chooses a bill of exchange as an instrument of payment, the respective receivable is reduced right after honouring of the bill of exchange that is booked as being paid.
Bill of exchange number – is a number, issued by Intermarket and used internally in order to register a bill of exchange.
Booking date – is the day on which the booking of the supporting document is made by Intermarket
Changes – might refer to respective receivables or the entire debtor account. The requests for change might concern various aspects (anything from altered terms of payment to the suspension of further reminders or the writing off as uncollectible/charging back)
Cheques – as soon as Intermarket receives a cheque from one of your debtors, the respective expenses are charged to your account right away, The amount of cheque is going to be temporary credited to your prepayment account after being credited by the bank. In case of dishonour of the cheque the amount of cheque is debited to your prepayment account and the receivable against your debtor is re-entered on the books.
Code for bills of exchange – see above: Codes & Abbreviations: BN and IN
Date – the input of the date is generally done in the following way DDMMYYYY without any separators
Debtor account – is the open item list of every individual debtor.
Debtor account statement – gives you a survey of the bookings of a respective debtor within an appointed period of time.
Debtor name – refers to the identification (name and full corporate name) of your debtor.
Debtor number – is the number that your book keeping department issues for every respective debtor and that is taken over by Intermarket.
- Attention: the debtor number can only be composed of a maximum of 12 signs – all of them being figures!
Debtor’s balance – is the sum of all open items per debtor.
Del credere list – list of all del credere limits stipulated
Difference – is the open amount that comes up if only a part of the receivables has been paid. The listing under the name “Dealing with Differences” includes all the receivables that have not been fully paid and can either refer to credit notes or invoices.
Disputes – refer to a complaint from the debtor’s side. As soon as Intermarket marks the receipt of a dispute, the reminder stop code of a receivable as well as a text form of the reason for the dispute are effected.
Disputed amount – is the sum of all open items disputed by the debtor.
Due date – is the day on which an invoice is due.
Financeable receivables – this balance consists of the sum of all assigned receivables that are pre-approved according to the factoring contract.
Invoice file – the invoices of the clients are transmitted to Intermarket in form of a data file. In order to include the data without any problems a predefined sole structure must be respected.
Invoice record – this record gives insight into the incorrect/right data of invoices sent out to Intermarket as well as into further information required by Intermarket.
Issuing date – is the day on which a certain document was issued
Issuing dates for credit notes/invoices – is the day the credit note/invoice was issued
Limit – is the amount up to which Intermarket assumes the risk of „Default in Payment“, resp. the risk of „Non-solvency“(both as defined within the General Factoring Terms) of your debtor. The limit, of which you will be notified in writing, is stipulated after receipt of your request.
List of debtors - includes all the formal data of your debtor (name, address…), thus including information as regards the respective balance of debtors.
Maximum prepayable amount – is the pre-payable amount calculated as a result of accounting entries (e.g. invoices, payments) and processed information (e.g. claims, write-offs). The amount is calculated based on the agreed percentage rate of the sum of financeable receivables. This amount is a “snapshot” corresponding to the information available at the time of calculation. It changes as bookings or information are continuously processed.
New debtor file – a file of new debtors includes all the relevant, formal data of your newly acquired debtor and can be sent to us on-line.
The accounts on the receivables ledger list are ordered according to the debtor number that is issued by your bookkeeping department and is then taken over by Intermarket.
Non-financeable receivables - are deducted from the total receivables.
Non-financeable amount – is the amount that is marked with a stop code.
Number of the credit notes/invoice – indicates the number of a credit note/invoice
- Attention: the number of the credit note/invoice can only be composed of a maximum of 12 signs – all of them being figures
Open receivables – this term refers to invoices that are not yet settled.
Ordered by numbers – on indication of “Show Debtor’s Account”, receivables are automatically assorted according to the numbers. In case the marking in the field “Ordered by numbers” is deleted, the receivables are chronologically assorted according to the booking dates.
Partial amount – emerges if only a part of the charge back amount is booked out and not the entire sum.
Payments – concern the payments to Intermarket that are directly paid into the respective Intermarket accounts by your debtors.
Percentage Excess – is a certain percentage of each bad debt (up to the Limit) that you have to bear yourself.
Possible prepayment – is calculated as the difference between the maximum of pre-payable amounts and the actual balance on the prepayment account.
Prepayment – refers to the transfers remitted to you
Prepayment account – is calculated according to the accomplished prepayments rendered to you minus the debtor’s payments and additionally to the costs charged by us. The balance of the prepayment is to be respected in your bookkeeping.
Receivables – result from the respective invoice amounts.
Receivables ledger– grants an arranged overview on the current state of receivables.
Registered business name/owner – is the exact business name (as registered in the company’s books) or the name of the owner (not recorded private enterprise)
Example: sound.factory – Agency for music events and -management – Tanja Tuba limited partnership
- Attention: Incomplete or wrong declarations might result in problems in the course of the proceeding (e.g. as regards legal actions or credit limits)
Reminder stop code – refers to the possibility of excluding individual open items from the reminder and rhythm of reminders respectively.
Reminder stop code amount – is the amount that is marked with a reminder stop code.
Rhythm of reminders – the rhythm of reminders indicates how often an invoice has already been dunned: 1, 2 and 3 – the 1st, 2nd or 3rd reminder has already been sent out. 4 – three times reminded in vain. 6 the reminder has already been passed on to a lawyer for the enforcing of the collection. 7 a collection letter has been sent out.
Seller number – is your number that was specified by Intermarket. In case of different currencies you may be granted various numbers depending on the currencies.
Statement of account – the statement informs you about the current situation of booked amounts. Furthermore statements also indicate the financing of the receivables as well as the most important data of your account.
Terms of payment - are agreed upon by you and your debtors and are stated on the invoice.
Total amount of receivables – results from the sum of all entirely or partly outstanding invoices minus credit notes.
Total amount of receivables ledger - is the total of receivables at a given point of time.
Total amount of credit notes – is the sum of all transferable credit notes of an invoice file. The sum of credit notes must be given separately.
- Attention: Sums of credit notes as well as credit note amounts must always be indicated as minus balances in the course of online interactions! (e.g.: -3,598.36)
Total of invoices – is the total of the invoices of an invoice file that is to be transmitted. The invoice sum must include VAT and must disclose the sum of credit notes separately.
Value date – a date different to the booking or issuing date.
VAT number – value added tax number or VAT number is an identifier used in many countries, including the countries of the European Union, for value added tax purposes.
Defined terms
Amount (1) The indication of the amount in the form “Remittance Requested” refers to the remittance of a prepayment to your bank accounts
Amount (2) The indication of the amount in the form “Book invoices” refers to the invoice amount including VAT.
Amount (3) The indication of the amount in the form “Open Bill of Exchange” refers to the amount of the sum payable under a bill of exchange
Amount of bill of exchange– is the amount stated on the bill of exchange.
Amount of cheque – is the amount stated on the cheque
Assumption of del credere – stands for the assumption of del credere liability. This means that Intermarket assumes the risk of „Default in Payment“, resp. the risk of „Non-solvency“ (both as defined within the General Factoring Terms) of your debtor - up to the del credere limit stipulated.
Consequently the terms Request for del credere as well as Change Request for del credere also refer to the requested Assumption of del credere.
Balance of bills of exchange is the total amount of all bills of exchange that are transferred to Intermarket by you or your debtors.
Batch number (1) – refers in the form “Sending of invoice files/manual set-up of invoices” to the serial number of the invoice file that is to be sent to Intermarket.
Batch number (2) – refers in the form “Sending an open item list” to the proceeded total of receivables within an appointed period of time that you supply Intermarket with.
Bill of exchange – as soon as Intermarket receives a bill of exchange from one of your debtors, it is going to be temporary credited to your account (after your approval). Additionally, discount and collection fees are calculated to be charged to the prepayment account. As soon as Intermarket receives a gross/net bill of exchange, it is signed, approved and submitted to the relevant bank. The amount of bill of exchange is credited in favour of your prepayment account.
In both cases the receivables are only reduced in case the bill of exchange is actually honoured.
In case a bill of exchange is transmitted to you, we kindly ask you to sign it on behalf of the company as drawer and to send it on to Intermarket.
Bills of exchange honoured – in case a debtor chooses a bill of exchange as an instrument of payment, the respective receivable is reduced right after honouring of the bill of exchange that is booked as being paid.
Bill of exchange number – is a number, issued by Intermarket and used internally in order to register a bill of exchange.
Booking date – is the day on which the booking of the supporting document is made by Intermarket
Changes – might refer to respective receivables or the entire debtor account. The requests for change might concern various aspects (anything from altered terms of payment to the suspension of further reminders or the writing off as uncollectible/charging back)
Cheques – as soon as Intermarket receives a cheque from one of your debtors, the respective expenses are charged to your account right away, The amount of cheque is going to be temporary credited to your prepayment account after being credited by the bank. In case of dishonour of the cheque the amount of cheque is debited to your prepayment account and the receivable against your debtor is re-entered on the books.
Code for bills of exchange – see above: Codes & Abbreviations: BN and IN
Date – the input of the date is generally done in the following way DDMMYYYY without any separators
Debtor account – is the open item list of every individual debtor.
Debtor account statement – gives you a survey of the bookings of a respective debtor within an appointed period of time.
Debtor name – refers to the identification (name and full corporate name) of your debtor.
Debtor number – is the number that your book keeping department issues for every respective debtor and that is taken over by Intermarket.
- Attention: the debtor number can only be composed of a maximum of 12 signs – all of them being figures!
Debtor’s balance – is the sum of all open items per debtor.
Del credere list – list of all del credere limits stipulated
Difference – is the open amount that comes up if only a part of the receivables has been paid. The listing under the name “Dealing with Differences” includes all the receivables that have not been fully paid and can either refer to credit notes or invoices.
Disputes – refer to a complaint from the debtor’s side. As soon as Intermarket marks the receipt of a dispute, the reminder stop code of a receivable as well as a text form of the reason for the dispute are effected.
Disputed amount – is the sum of all open items disputed by the debtor.
Due date – is the day on which an invoice is due.
Financeable receivables – this balance consists of the sum of all assigned receivables that are pre-approved according to the factoring contract.
Invoice file – the invoices of the clients are transmitted to Intermarket in form of a data file. In order to include the data without any problems a predefined sole structure must be respected.
Invoice record – this record gives insight into the incorrect/right data of invoices sent out to Intermarket as well as into further information required by Intermarket.
Issuing date – is the day on which a certain document was issued
Issuing dates for credit notes/invoices – is the day the credit note/invoice was issued
Limit – is the amount up to which Intermarket assumes the risk of „Default in Payment“, resp. the risk of „Non-solvency“(both as defined within the General Factoring Terms) of your debtor. The limit, of which you will be notified in writing, is stipulated after receipt of your request.
List of debtors - includes all the formal data of your debtor (name, address…), thus including information as regards the respective balance of debtors.
Maximum prepayable amount – is the pre-payable amount calculated as a result of accounting entries (e.g. invoices, payments) and processed information (e.g. claims, write-offs). The amount is calculated based on the agreed percentage rate of the sum of financeable receivables. This amount is a “snapshot” corresponding to the information available at the time of calculation. It changes as bookings or information are continuously processed.
New debtor file – a file of new debtors includes all the relevant, formal data of your newly acquired debtor and can be sent to us on-line.
The accounts on the receivables ledger list are ordered according to the debtor number that is issued by your bookkeeping department and is then taken over by Intermarket.
Non-financeable receivables - are deducted from the total receivables.
Non-financeable amount – is the amount that is marked with a stop code.
Number of the credit notes/invoice – indicates the number of a credit note/invoice
- Attention: the number of the credit note/invoice can only be composed of a maximum of 12 signs – all of them being figures
Open receivables – this term refers to invoices that are not yet settled.
Ordered by numbers – on indication of “Show Debtor’s Account”, receivables are automatically assorted according to the numbers. In case the marking in the field “Ordered by numbers” is deleted, the receivables are chronologically assorted according to the booking dates.
Partial amount – emerges if only a part of the charge back amount is booked out and not the entire sum.
Payments – concern the payments to Intermarket that are directly paid into the respective Intermarket accounts by your debtors.
Percentage Excess – is a certain percentage of each bad debt (up to the Limit) that you have to bear yourself.
Possible prepayment – is calculated as the difference between the maximum of pre-payable amounts and the actual balance on the prepayment account.
Prepayment – refers to the transfers remitted to you
Prepayment account – is calculated according to the accomplished prepayments rendered to you minus the debtor’s payments and additionally to the costs charged by us. The balance of the prepayment is to be respected in your bookkeeping.
Receivables – result from the respective invoice amounts.
Receivables ledger– grants an arranged overview on the current state of receivables.
Registered business name/owner – is the exact business name (as registered in the company’s books) or the name of the owner (not recorded private enterprise)
Example: sound.factory – Agency for music events and -management – Tanja Tuba limited partnership
- Attention: Incomplete or wrong declarations might result in problems in the course of the proceeding (e.g. as regards legal actions or credit limits)
Reminder stop code – refers to the possibility of excluding individual open items from the reminder and rhythm of reminders respectively.
Reminder stop code amount – is the amount that is marked with a reminder stop code.
Rhythm of reminders – the rhythm of reminders indicates how often an invoice has already been dunned: 1, 2 and 3 – the 1st, 2nd or 3rd reminder has already been sent out. 4 – three times reminded in vain. 6 the reminder has already been passed on to a lawyer for the enforcing of the collection. 7 a collection letter has been sent out.
Seller number – is your number that was specified by Intermarket. In case of different currencies you may be granted various numbers depending on the currencies.
Statement of account – the statement informs you about the current situation of booked amounts. Furthermore statements also indicate the financing of the receivables as well as the most important data of your account.
Terms of payment - are agreed upon by you and your debtors and are stated on the invoice.
Total amount of receivables – results from the sum of all entirely or partly outstanding invoices minus credit notes.
Total amount of receivables ledger - is the total of receivables at a given point of time.
Total amount of credit notes – is the sum of all transferable credit notes of an invoice file. The sum of credit notes must be given separately.
- Attention: Sums of credit notes as well as credit note amounts must always be indicated as minus balances in the course of online interactions! (e.g.: -3,598.36)
Total of invoices – is the total of the invoices of an invoice file that is to be transmitted. The invoice sum must include VAT and must disclose the sum of credit notes separately.
Value date – a date different to the booking or issuing date.
VAT number – value added tax number or VAT number is an identifier used in many countries, including the countries of the European Union, for value added tax purposes.