The mandated Charge Bearer element uses an embedded code that is used to specify which party/parties would bear any charges associated with processing the payment transaction. This element is comparable with MT Field 71A 'Details of Charges'
Note: Charge Bearer code SLEV applies following rules agreed as part of a bilaterally agreed Service Level or as part of a scheme (commonly used in Instant Payment schemes) This code has no equivalent in legacy MT messages. SLEV is removed from CBPR+ usage guideline specifications for the beginning of the coexistence period.n
Min 0 – Max *
Min 1 – Max 1
The Charges Information element provides information on the charges to be paid by the Charge Bearer .
This element is comparable with MT Fields: 71F 'Senders Charges' and 71G 'Receiver's Charges'
Structured Postal Address
< In addition to the legacy MT message the pacs.008 Charge Information mandate the Agent, this represent the Agent for whom the Charges are either; due (pre-paid charges) or has taken a charge (deduct from the transaction)
CBPR+ best practice recommends the use of the structured Agent BIC.
As the Charges Information element is repetitive it can capture charges related to previous legs of the payment transaction.
<![if !vml]> <![endif]> Note: As the Charge Information element has the capability to capture both charges deducted and charges included ie pre-paid charges, the use of the Interbank Settlement Amount and Instructed Amount elements play an important role.
Also note: If Charge Bearer DEBT is provided only one optional occurrence of pre-paid charges is allowed.
Deducted Charges are not appropriate with Charge Bearer DEBT.