__BATCH_ELEMENT_TYPE__ is a hidden field containing the lexicon [X_BATCH_ELEMENT_TYPE] that is referenced in Administer Batches, [IPBE].
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The lexicon contains two entries:
\\Pay Header
\\Pay Transaction
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\\This lexicon is in a field that is not visible to users in the CONTROL tab in IPBE.
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![Notes|Edit:Internal.BATCH_ELEMENT_TYPE]
[{InsertPage page='Internal.BATCH_ELEMENT_TYPE' default='Click to create a new notes page'}]