FINPAY Multiple interbank funds transfer

TBG5 Finance

A Multiple interbank funds transfer message is sent between financial institutions to request the transfer of funds in settlement of the referenced business transaction(s).

The FINPAY message may be exchanged directly between financial institutions or through a clearing system.

Depending on the account relationship between the financial institutions, the FINPAY may be used as a payment order and/or as a credit advice.

The FINPAY may also be used for collections, documentary credits, direct debits and other financial institution related transfers.

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Position
Segment
Name
Max use

  1. A service segment starting and uniquely identifying a message. The message type code for the Multiple interbank funds transfer message is FINPAY. Note: Multiple interbank funds transfer messages conforming to this document must contain the following data in segment UNH, composite S009: Data element 0065 FINPAY 0052 D 0054 21A 0051 UN

    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. A segment by means of which the sender must uniquely identify the FINPAY message using its type and number and when necessary its function.

  3. A segment specifying the date and, if required, the time when the message is created.

  4. A segment identifying certain characteristics of the Multiple interbank funds transfer message, such as the type of transaction and/or bank operation, and used for routing purposes.

  5. Segment group 1
    Repeat 1

    1. A segment specifying the reference of the previously-sent FINPAY.

    2. A segment specifying the creation date of the referenced message.

  6. Segment group 2
    Repeat 5

    1. A segment identifying the financial institutions associated with the transaction in coded or uncoded form and their function.

    2. A segment identifying a person or a department for the party specified in the leading FII segment to whom communication should be directed.

    3. A segment identifying communication type(s) and number(s) of person(s) or department(s) specified in the associated CTA segment.

  7. Segment group 3
    Repeat 9999

    1. A segment identifying the beginning of the general information related to the transaction (B level) by a sequential line number, which may also be used for reconciliation purposes.

    2. A segment identifying characteristics of the type(s) of transaction(s) contained in level C.

    3. A segment identifying the posting date and/or value date and/or the requested execution date.

    4. Segment group 4
      Repeat 5

      1. A segment identifying the account relationship between the sending and receiving financial institution.

      2. A segment identifying a person or a department for the financial institution specified in the FII segment and to whom communication should be directed.

      3. A segment identifying communication type(s) and number(s) of person(s) or department(s) specified in the associated CTA segment.

    5. Segment group 5
      Repeat 5

      1. A segment specifying the reference number of the total amount to be transferred. This reference is specific for each total amount contained in each B level.

      2. A segment indicating the date and, if required, the time relevant to the preceding reference.

    6. Segment group 6
      Repeat 4

      1. A segment containing the total of all subsequent individual amounts to be transferred as well as, optionally, the currency.

      2. A segment identifying the source currency and the target currency of the amount to be transferred when they are different, and indicating the exchange rate related to the account and amount to be converted.

      3. A segment specifying the effective date and/or time the rate of exchange quoted in the preceding CUX segment was fixed.

      4. A segment identifying other transactions to which funds associated with the multiple interbank funds transfer are related, such as a separate foreign exchange deal.

    7. Segment group 7
      Repeat 5

      1. A segment specifying the method for allocation of charges and allowances and identifying the account to which such charges should be directed where it is different from the principal account.

      2. A segment containing the total amount of charges and allowances and associated taxes related to a specific account or to the same account as quoted in the preceding FII segment, specifying the account relationship(s). It may also contain the total of individual amounts calculated from a basis amount or the basis amount from which charges and/or allowances are calculated when this is different from the original amount.

      3. Segment group 8
        Repeat 6

        1. A segment containing any charges and/or allowances which are related to the total amount, calculated from the original amount or from the basis amount.

        2. A segment specifying the details of the percentage used for calculating the charges and/or allowances.

        3. A segment identifying the single amount of charges and/or allowances and specifying the basis amount from which these charges and/or allowances are calculated, when different from the transaction amount.

        4. A segment indicating any exchange rate related to the charges and/or allowances, where relevant.

        5. A segment specifying the effective date and/or time the rate of exchange quoted in the preceding CUX segment was fixed.

        6. Segment group 9
          Repeat 6

          1. A segment identifying taxes computed to the charges in the preceding segment group.

          2. A segment identifying the basis amount from which the tax is calculated, if different from the amount contained in the preceding MOA segment, identifying a single amount of charges and/or allowances.

          3. A segment specifying the rate of exchange related to the tax amount.

          4. A segment specifying the effective date and/or time the rate of exchange quoted in the preceding CUX segment was fixed.

    8. Segment group 10
      Repeat 3

      1. A segment identifying the party to enact the instruction and the parties to be contacted. It specifies where appropriate the instruction in coded form.

      2. A segment providing free text instructions related to the associated INP segment.

      3. A segment specifying the earliest and the latest dates and times by which the instruction specified in the INP and/or FTX segment(s) needs to be carried out.

    9. Segment group 11
      Repeat 10

      1. A segment identifying what processing should be completed for regulatory authorities.

      2. A segment giving the amount and the currency of each transaction to be reported.

      3. A segment giving the different origins and/or destinations (places) of goods and/or investments and/or services.

      4. A segment identifying the recipient of the associated informative text.

      5. A segment giving the nature (e.g., goods, transport services) and direction of each transaction to be recorded in coded form.

      6. A segment giving information in coded or in clear form to provide information relevant to regulatory authorities' requirements.

    10. Segment group 12
      Repeat 999999

      1. A segment specifying the sequence number indicating the start of the information related to each individual transaction.

      2. A segment providing information relating to the type of transfer and the underlying reason for the transfer.

      3. A segment indicating dates, taken from the original payment order and added by the sending financial institution, such as the execution dates, the posting date, the value date, etc.

      4. Segment group 13
        Repeat 4

        1. A segment specifying the financial institutions involved in further processing the transaction.

        2. A segment identifying a person or a department for the financial institution specified in the FII segment and to whom communication should be directed.

        3. A segment identifying communication type(s) and number(s) of person(s) or department(s).

      5. Segment group 14
        Repeat 6

        1. A segment specifying a reference number identifying the entry and/or item from the sending financial institution's perspective.

        2. A segment specifying the date and/or time and/or period relevant to the preceding reference number.

      6. Segment group 15
        Repeat 1

        1. A segment specifying the conditions, method and payment channel used to execute the funds transfer.

        2. A segment giving additional information pertaining to the funds transfer instructions, in free form.

      7. Segment group 16
        Repeat 4

        1. A segment containing the final amount to be transferred. It may also contain the original amount of the transfer instruction and the amount received.

        2. A segment identifying the source currency and the target currency of the amount to be transferred when they are different, and indicating the exchange rate related to the account and amount to be converted.

        3. A segment indicating the date and/or time relating to the exchange rate quoted in the preceding CUX segment.

        4. A segment specifying the reference of another transaction underlying the transfer being made, such as a foreign exchange transaction.

      8. Segment group 17
        Repeat 6

        1. A segment identifying parties involved in the transaction, such as the Payee, Beneficiary, Payor and Ordering Customer.

        2. A segment identifying a person or a department for the party specified in the NAD segment and to whom communication should be directed.

        3. A segment identifying communication type(s) and number(s) of person(s) or department(s).

      9. Segment group 18
        Repeat 10

        1. A segment identifying what processing should be completed for regulatory authorities.

        2. A segment giving the amount and the currency of each transaction to be reported.

        3. A segment giving the different origins and/or destinations (places) of goods and/or investments and/or services.

        4. A segment identifying the recipient of the associated informative text.

        5. A segment giving the nature (e.g., goods, transport services) and direction of each transaction to be recorded in coded form.

        6. A segment giving information in coded or in clear form to provide information relevant to regulatory authorities' requirements.

      10. Segment group 19
        Repeat 4

        1. A segment identifying the party to enact the instruction and the parties to be contacted. It specifies where appropriate the instruction in coded form.

        2. A segment providing free text instructions related to the associated INP segment.

        3. A segment specifying the earliest and the latest dates and times by which the instruction specified in the INP and/or FTX segment(s) needs to be carried out.

      11. Segment group 20
        Repeat 5

        1. A segment specifying the method for allocation of charges and allowances and identifying the account to which such charges should be directed where it is different from the principal amount.

        2. A segment containing the total amount of charges, allowances and associated taxes related to a specific account or to the same account as quoted in segment group 16. It may also contain the total of individual amounts calculated from a basis amount or the basis amount from which charges and/or allowances are calculated when this is different from the original amount.

        3. Segment group 21
          Repeat 6

          1. A segment containing any charges and/or allowances which are related to the total amount, calculated from the original amount or from the basis amount.

          2. A segment specifying the details of the percentage used for calculating the charges and/or allowances.

          3. A segment identifying the single amount of charges and/or allowances and specifying the basis amount from which these charges and/or allowances are calculated if different from the transaction amount.

          4. A segment indicating any exchange rate related to the charges and/or allowances, where relevant.

          5. A segment specifying the effective date and/or time the rate of exchange quoted in the preceding CUX segment was fixed.

          6. Segment group 22
            Repeat 6

            1. A segment identifying taxes computed to the charges in the preceding segment group.

            2. A segment identifying the basis amount from which the tax is calculated, if different from the amount in the preceding MOA segment, providing a detailed breakdown of all charges and/or allowances.

            3. A segment specifying the rate of exchange related to the tax amount.

            4. A segment specifying the effective date and/or time the rate of exchange quoted in the preceding CUX segment was fixed.

      12. Segment group 23
        Repeat 1

        1. A segment identifying the kind of process on the beneficiary's side.

        2. A segment providing free text instructions relating to the payment details.

        3. Segment group 24
          Repeat 9999

          1. A segment identifying the reference document against which payment is being made.

          2. A segment giving the monetary amounts of each reference document (e.g., original amount, discount amount etc.). The amount due and the amount remitted are mandatory.

          3. A segment specifying the date of the referenced document and indicating any other relevant dates applicable.

          4. A segment including any additional references related to the reference document.

          5. A segment identifying a party name and address, either by coded identification or in a clear form.

          6. Segment group 25
            Repeat 5

            1. A segment identifying the currency and associated exchange rate of the referenced document where different to the remittance currency.

            2. A segment specifying the date and/or time and/or period related to the rate of exchange.

          7. Segment group 26
            Repeat 100

            1. A segment indicating any adjustments to the amounts originally specified in the referenced document, and to which items such adjustments apply with the associated reason for adjustment.

            2. A segment giving the monetary amounts of the adjustments of each reference document (e.g. original amounts, discount amounts, etc.).

            3. A segment including any additional references related to the reference documents.

            4. A segment providing free text information related to the payment details.

          8. Segment group 27
            Repeat 9999

            1. A segment identifying a specific line item within the referenced document.

            2. A segment giving the monetary amounts for this line item.

            3. A segment specifying item identification codes where required.

            4. A segment specifying the date and/or time and/or period related to the line item.

            5. Segment group 28
              Repeat 5

              1. A segment identifying the currency and associated exchange rate of the line item, where different to the source and target currency.

              2. A segment specifying the effective date and/or time the rate of exchange was fixed.

            6. Segment group 29
              Repeat 10

              1. A segment indicating any adjustments to the amounts originally specified for this line item and the reason for the adjustments.

              2. A segment giving the monetary amounts of the adjustment for this line item.

              3. A segment including any additional references related to the line item.

              4. A segment providing free text information related to the payment details.

        4. Segment group 30
          Repeat 1

          1. A segment identifying the end of the details of payment.

          2. A segment indicating total amounts for control purposes.

  8. A segment providing information on control totals.

  9. Segment group 31
    Repeat 1

    1. A segment indicating the total amount to be transferred in the message.

    2. A segment indicating the date of availability.

  10. Segment group 32
    Repeat 5

    1. A segment specifying details of any authentication (validation) procedures applied to the message.

    2. A segment identifying the validation date and/or time.

  11. A service segment ending a message, giving the total number of segments in the message (including the UNH & UNT) and the control reference number of the message.

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