-

M

9999

-

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

-

M

99999

-

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

-

C

1

-

 

Function:

 

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

EDIFACT

Description

C521

BUSINESS FUNCTION

C

The values reported in this composite data element are taken by the bank from the original payment order and reported back to the beneficiary.

Business function type code qualifier

M

an..3

=

Underlying business function

Business function code

M

an..3

=

Commission

=

Costs

=

Purchase and sale of goods

=

Interest

=

Netting

=

Tax payment

Code list identification code

C

an..17

Code list responsible agency code

C

an..3

=

GS1

4022

Business description

C

an..70

Geographic area code

C

an..3

=

Domestic

=

International

=

European (SWIFT Code)

Financial transaction type code

C

an..3

=

Clean payment

=

Documentary payment

=

Irrevocable documentary credit

=

Revocable documentary credit

=

Irrevocable and transferable documentary credit

=

Revocable and transferable documentary credit

C551

BANK OPERATION

C

Bank operation code

M

an..3

=

Clearing

=

Interest

=

Transfer

Code list identification code

C

an..17

Code list responsible agency code

C

an..3

Intra-company payment indicator code

C

an..3

=

Intra-company payment

Segment Notes:

This segment is used to identify the characteristics of the individual credit transactions.

Example:
BUS+1:INT+DO'