PAYORD Payment order
Joint development by PAEB and WEEB MD4
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.
- 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 CO82 only and/or unstructured by CO58 or structured by CO80 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 to instructionMandatoryMax 1
To specify parties to an instruction and where relevant, the instruction.
- 0260Free textConditionalMax 1
To provide free form or coded text information.
- 0270Date/time/periodConditionalMax 2
To specify date, and/or time, or period.
- 0250Parties to instructionMandatoryMax 1
- Segment group 6Repeat 10
- 0290General indicatorMandatoryMax 1
To transmit a processing indicator.
- 0300Monetary amountConditionalMax 1
To specify a monetary amount.
- 0310Place/location identificationConditionalMax 2
To identify a country/place/location/related location one/related location two.
- 0320Name and addressConditionalMax 1
To specify the name/address and their related function, either by CO82 only and/or unstructured by CO58 or structured by CO80 thru 3207.
- 0330Requirements and conditionsConditionalMax 1
To specify sector/subject requirements and conditions.
- 0340Free textConditionalMax 10
To provide free form or coded text information.
- 0290General indicatorMandatoryMax 1
- Segment group 7Repeat 10
- 0360Document/message detailsMandatoryMax 1
To identify documents, either printed, electronically transferred, or referenced as specified in message description, including, where relevant, the identification of the type of transaction that will result from this message.
- 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 authentification 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.