-

M

9999

-

A group of segments containing information details which are relevant to all transactions specified.

-

C

99999

-

A segment group providing details regarding the individual transactions, such as dates, financial institutions, account numbers.

-

C

1

-

A group of segments containing the details of payment. The content of these segments is passed through the banking chain from the Ordering Customer to the Beneficiary.

-

M

1

-

 

Function:

 

To identify a process.

EDIFACT

Description

C242

PROCESS TYPE AND DESCRIPTION

C

Process type description code

M

an..17

=

Processing of structured information

=

Processing of identical information in structured and unstructured form

=

Processing of unstructured information

8 - The information following this segment is presented in a structured format using segments such as the DOC and MOA in segment group 21.

9 - The information following this segment is presented in both an unstructured format,  and has the same content and meaning,  using the following FTX segment, and a structured format using segments such as the DOC and MOA in segment group 21. This code is required so as the receiving bank can decide which format (EDIFACT or SWIFT) to use when transmitting the information to the beneficiary's bank.

11 - The information following this segment is presented in an unstructured format using the following FTX segment.

Code list identification code

C

an..17

Code list responsible agency code

C

an..3

7186

Process type description

C

an..35

7186

Process type description

C

an..35

C830

PROCESS IDENTIFICATION DETAILS

C

7191

Process description code

C

an..17

Code list identification code

C

an..17

Code list responsible agency code

C

an..3

7190

Process description

C

an..70

Segment Notes:

This segment is used to provide processing information related to the debit advice.
It should be noted that information sent in groups 21 through 27 is generated by the ordering party and is simply forwarded to the beneficiary via the intermediary bank(s)  without amendment.

Example:
PRC+8'