Saturday, September 23, 2023

ISO20022 : Groups of Message Definitions and Functionality

 

Instruction messages 

The FIToFICustomerCreditTransfer message is used to move funds from a debtor account to a creditor. The FIToFICustomerDirectDebit message is used to collect funds from a debtor account for a creditor.

The FinancialInstitutionCreditTransfer message is used to move funds from a debtor account to a creditor, where both debtor and creditor are financial institutions.

The FinancialInstitutionDirectDebit message is used to collect funds from a debtor account for a creditor, where both debtor and creditor are financial institutions.

 

MessageDefinition

Message identifier

FIToFICustomerCreditTransfer

pacs.008

FIToFICustomerDirectDebit

pacs.003

FinancialInstitutionCreditTransfer

pacs.009

FinancialInstitutionDirectDebit

pacs.010


Related Messages 

The FIToFIPaymentReversal message is used to reverse a payment previously executed. The PaymentReturn message is used to undo a payment previously settled.

The FIToFIPaymentStatusReport message is used to inform on the positive or negative status of an instruction (either single or file) and to report on a pending instruction.

The FIToFIPaymentStatusRequest message is used to request a FIToFIPaymentStatusReport message containing information on the status of a previously sent instruction.


New Business Roles and Participants in ISO20022

Source : www.iso20022.org

No comments:

Post a Comment

What is Sarcopenia and How to Avoid It. How much muscle is lost wih the passage of time?

Sarcopenia is a condition characterized by the age-related progressive loss of muscle mass, strength, and function 1 . It commonly affects ...