You sometimes need to model Payee information for factoring. More information is provided in the Payees topic.

Elements

Element	Cardinality	Description
Payment Receiver (`Invoice/PayeeParty`)	0..1	A group of information about the Payee.
Payee Identifier
Payee Identification Group (`Invoice/PayeeParty/PartyIdentification`)	0..1	Groups identifying information about the Payee.
Payee Name (`Invoice/PayeeParty/PartyIdentification/ID`)	1..1	The identifier of the party.
Payee Name - Scheme Identifier (`Invoice/PayeeParty/PartyIdentification/ID @schemeID`)	1..0	The attribute that identifies the scheme to which the ID belongs. Use one of the values form the ISO 6523 ICD list here.
Payee Trading Name
Party Identification (`Invoice/PayeeParty/PartyName`)	1..1	Groups information about the Payee's trading name.
Payee Trading Name (`Invoice/PayeeParty/PartyName/Name`)	1..1	The payee's trading name.
Payee Legal Registration
Payee's Legal Entity (`Invoice/PayeeParty/PartyName/PartyLegalEntity`)	0..1	Groups information about the Payee's legal registration.
Payee's Legal Registration Identifier(`Invoice/PayeeParty/PartyName/PartyLegalEntity/CompanyID`)	1..1	The payee's company ID.

Restrictions

You must use one of the values form the ISO 6523 ICD list here for Payee Name - Scheme Identifier attribute.
The legal registration number is an identifier issued by an official registrar that identifies the Buyer as a legal entity or person. It is also known as the business registration number (BRN)

Example

<Invoice>
    <!-- code omitted for clarity -->
    <cac:PayeeParty>
        <cac:PartyIdentification>
            <cbc:ID schemeID="0192">987654325</cbc:ID> Ⓐ
        </cac:PartyIdentification>
        <cac:PartyName>
            <cbc:Name>Payee party</cbc:Name> Ⓑ
        </cac:PartyName>
        <cac:PartyLegalEntity>
            <cbc:CompanyID schemeID="0192">987654325</cbc:CompanyID> Ⓒ
        </cac:PartyLegalEntity>
    </cac:PayeeParty>
    <!-- code omitted for clarity -->
</Invoice>