PAYORD Payment order
TBG5 Finance
A Payment Order is sent by the Ordering Customer (or Payor or Agent on behalf of the Ordering Customer) to the Ordered Bank, to instruct the Ordered Bank to debit an account it services for the Ordering Customer, and to arrange for the payment of a specified amount to the Beneficiary (or Payee or Agent in favour of Beneficiary) in settlement of the referenced business transaction(s). Throughout this document, the term 'Ordering Customer' refers to either an Ordering Customer, or a Payor or Agent acting on behalf of the Ordering Customer; likewise the term 'Beneficiary' refers to either a Beneficiary, or a Payee or Agent acting on behalf of the Beneficiary.
Header
- 0010Message headerMandatoryMax 1
To head, identify and specify a message.
1. Data element S009/0057 is retained for upward compatibility. The use ofS016 and/or S017 is encouraged in preference.2. The combination of the values carried in data elements 0062 and S009 shallbe used to identify uniquely the message within its group (if used) or ifnot used, within its interchange, for the purpose of acknowledgement. - 0020Beginning of messageMandatoryMax 1
To indicate the type and function of a message and to transmit the identifying number.
- 0030Business functionConditionalMax 1
To provide information related to the processing and purpose of a financial message.
- 0040Payment instructionsConditionalMax 1
To specify the instructions for payment.
- 0050Financial charges allocationConditionalMax 1
Description of allocation of charges.
- 0060Date/time/periodMandatoryMax 4
To specify date, and/or time, or period.
- 0070Free textConditionalMax 5
To provide free form or coded text information.
- Segment group 1Repeat 5
- 0090ReferenceMandatoryMax 1
To specify a reference.
- 0100Date/time/periodConditionalMax 1
To specify date, and/or time, or period.
- 0090ReferenceMandatoryMax 1
- Segment group 2Repeat 1
- 0120Monetary amountMandatoryMax 1
To specify a monetary amount.
- 0130CurrenciesConditionalMax 1
To specify currencies used in the transaction and relevant details for the rate of exchange.
- 0140Date/time/periodConditionalMax 2
To specify date, and/or time, or period.
- 0150ReferenceConditionalMax 1
To specify a reference.
- 0120Monetary amountMandatoryMax 1
- Segment group 3Repeat 4
- 0170Financial institution informationMandatoryMax 1
To identify an account and a related financial institution.
- 0180Contact informationConditionalMax 1
To identify a person or a department to whom communication should be directed.
- 0190Communication contactConditionalMax 5
To identify a communication number of a department or a person to whom communication should be directed.
- 0170Financial institution informationMandatoryMax 1
- Segment group 4Repeat 6
- 0210Name and addressMandatoryMax 1
To specify the name/address and their related function, either by C082 only and/or unstructured by C058 or structured by C080 thru 3207.
- 0220Contact informationConditionalMax 1
To identify a person or a department to whom communication should be directed.
- 0230Communication contactConditionalMax 5
To identify a communication number of a department or a person to whom communication should be directed.
- 0210Name and addressMandatoryMax 1
- Segment group 5Repeat 4
- 0250Parties and instructionMandatoryMax 1
To specify parties to an instruction, the instruction, or both.
- 0260Free textConditionalMax 1
To provide free form or coded text information.
- 0270Date/time/periodConditionalMax 2
To specify date, and/or time, or period.
- 0250Parties and instructionMandatoryMax 1
- Segment group 6Repeat 10
- 0290Processing informationMandatoryMax 1
To identify processing information.
- 0300Monetary amountConditionalMax 1
To specify a monetary amount.
- 0310Place/location identificationConditionalMax 2
To identify a place or a location and/or related locations.
- 0320Name and addressConditionalMax 1
To specify the name/address and their related function, either by C082 only and/or unstructured by C058 or structured by C080 thru 3207.
- 0330Requirements and conditionsConditionalMax 1
To specify sector/subject requirements and conditions.
- 0340Free textConditionalMax 10
To provide free form or coded text information.
- 0290Processing informationMandatoryMax 1
- Segment group 7Repeat 10
- 0360Document/message detailsMandatoryMax 1
To identify documents and details directly related to it.
- 0370Date/time/periodConditionalMax 1
To specify date, and/or time, or period.
- 0360Document/message detailsMandatoryMax 1
- Segment group 8Repeat 5
- 0390Authentication resultMandatoryMax 1
To specify results of the application of an authentication procedure.
- 0400Date/time/periodConditionalMax 1
To specify date, and/or time, or period.
- 0390Authentication resultMandatoryMax 1
- 0410Message trailerMandatoryMax 1
To end and check the completeness of a message.