EDI Tradacoms message format tables

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Various EDI definition documents have tables with the following headers:

SEGMENT, DATA ELEMENT, M/C, F/V, PICTURE, REMARKS

I have two questions: 1. PICTURE appears to define the required format, is the term picture a reference to a specific formatting language type?

2.What does F/V stand for?

See the following for examples of this data table:

http://doczz.net/doc/4490138/tradacoms-definition-for-edi-issues-version-4

http://www.hofsuppliers.co.uk/info/pdf/bulk_invoice_tradacoms.pdf

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