
            <p>
          </p><ul>
<li style="line-height:2.00;"><font class="ws12" face="Calibri" color="#FFFFFF">This field specifies the payment date or method for its determination in a documentary credit which is available by deferred payment only.</font></li>
<li style="line-height:2.00;"><font class="ws12" face="Calibri" color="#FFFFFF">A credit must state whether it is available by sight payment, deferred payment, acceptance or negotiation.</font></li>
<li style="line-height:2.00;"><font class="ws12" face="Calibri" color="#FFFFFF">By nominating a bank to accept a draft or incur a deferred payment undertaking, an issuing bank authorizes that nominated bank to prepay or purchase a draft accepted or a deferred payment undertaking incurred by that nominated bank.</font></li>

</ul>


        <p></p>
        <h3>Sample Field 42P: Deferred Payment Details   </h3>
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