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

1. 0010 · UNH · Message header · Max 1 · Mandatory

   To head, identify and specify a message.

   1. Data element S009/0057 is retained for upward compatibility. The use of
   S016 and/or S017 is encouraged in preference.
   2. The combination of the values carried in data elements 0062 and S009 shall
   be used to identify uniquely the message within its group (if used) or if
   not used, within its interchange, for the purpose of acknowledgement.

2. 0020 · BGM · Beginning of message · Max 1 · Mandatory

   To indicate the type and function of a message and to transmit the identifying number.

3. 0030 · BUS · Business function · Max 1 · Conditional

   To provide information related to the processing and purpose of a financial message.

4. 0040 · PAI · Payment instructions · Max 1 · Conditional

   To specify the instructions for payment.

5. 0050 · FCA · Financial charges allocation · Max 1 · Conditional

   Description of allocation of charges.

6. 0060 · DTM · Date/time/period · Max 4 · Mandatory

   To specify date, and/or time, or period.

7. 0070 · FTX · Free text · Max 5 · Conditional

   To provide free form or coded text information.

8. Segment group 1 Repeat 5

   1. 0090 · RFF · Reference · Max 1 · Mandatory

      To specify a reference.

   2. 0100 · DTM · Date/time/period · Max 1 · Conditional

      To specify date, and/or time, or period.

9. Segment group 2 Repeat 1

   1. 0120 · MOA · Monetary amount · Max 1 · Mandatory

      To specify a monetary amount.

   2. 0130 · CUX · Currencies · Max 1 · Conditional

      To specify currencies used in the transaction and relevant details for the rate of exchange.

   3. 0140 · DTM · Date/time/period · Max 2 · Conditional

      To specify date, and/or time, or period.

   4. 0150 · RFF · Reference · Max 1 · Conditional

      To specify a reference.

10. Segment group 3 Repeat 4

    1. 0170 · FII · Financial institution information · Max 1 · Mandatory

       To identify an account and a related financial institution.

    2. 0180 · CTA · Contact information · Max 1 · Conditional

       To identify a person or a department to whom communication should be directed.

    3. 0190 · COM · Communication contact · Max 5 · Conditional

       To identify a communication number of a department or a person to whom communication should be directed.

11. Segment group 4 Repeat 6

    1. 0210 · NAD · Name and address · Max 1 · Mandatory

       To specify the name/address and their related function, either by C082 only and/or unstructured by C058 or structured by C080 thru 3207.

    2. 0220 · CTA · Contact information · Max 1 · Conditional

       To identify a person or a department to whom communication should be directed.

    3. 0230 · COM · Communication contact · Max 5 · Conditional

       To identify a communication number of a department or a person to whom communication should be directed.

12. Segment group 5 Repeat 4

    1. 0250 · INP · Parties and instruction · Max 1 · Mandatory

       To specify parties to an instruction, the instruction, or both.

    2. 0260 · FTX · Free text · Max 1 · Conditional

       To provide free form or coded text information.

    3. 0270 · DTM · Date/time/period · Max 2 · Conditional

       To specify date, and/or time, or period.

13. Segment group 6 Repeat 10

    1. 0290 · GEI · Processing information · Max 1 · Mandatory

       To identify processing information.

    2. 0300 · MOA · Monetary amount · Max 1 · Conditional

       To specify a monetary amount.

    3. 0310 · LOC · Place/location identification · Max 2 · Conditional

       To identify a place or a location and/or related locations.

    4. 0320 · NAD · Name and address · Max 1 · Conditional

       To specify the name/address and their related function, either by C082 only and/or unstructured by C058 or structured by C080 thru 3207.

    5. 0330 · RCS · Requirements and conditions · Max 1 · Conditional

       To specify sector/subject requirements and conditions.

    6. 0340 · FTX · Free text · Max 10 · Conditional

       To provide free form or coded text information.

14. Segment group 7 Repeat 10

    1. 0360 · DOC · Document/message details · Max 1 · Mandatory

       To identify documents and details directly related to it.

    2. 0370 · DTM · Date/time/period · Max 1 · Conditional

       To specify date, and/or time, or period.

15. Segment group 8 Repeat 5

    1. 0390 · AUT · Authentication result · Max 1 · Mandatory

       To specify results of the application of an authentication procedure.

    2. 0400 · DTM · Date/time/period · Max 1 · Conditional

       To specify date, and/or time, or period.

16. 0410 · UNT · Message trailer · Max 1 · Mandatory

    To end and check the completeness of a message.

    1. 0062, the value shall be identical to the value in 0062 in the
    corresponding UNH segment.