-

M

9999

-

This segment group contains information regarding the debit side of this transaction and details which are pertinent to all payments specified in the message. Certain payment details may be provided either in segment group 4 or in segment group 11, but not in both.

-

C

1

-

A group of segments containing the currency of the single amounts in level C, currency to be transferred, plus the total of all single amounts of level C.

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C

1

-

 

Function:

 

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

EDIFACT

Description

C504

CURRENCY DETAILS

C

Currency usage code qualifier

M

an..3

=

Reference currency

Reference currency = Debit currency Target currency = Credit currency

Currency identification code

C

an..3

ISO 4217 three alpha

Currency type code qualifier

C

an..3

6348

Currency rate value

C

n..4

C504

CURRENCY DETAILS

C

The second occurrence of this composite is only used if a target currency is being specified.

Currency usage code qualifier

M

an..3

=

Target currency

Currency identification code

C

an..3

ISO 4217 three alpha

Currency type code qualifier

C

an..3

6348

Currency rate value

C

n..4

5402

Currency exchange rate

C

n..12

The rate of exchange which applies to the currency.

The rate of exchange is only used if a target currency has been identified in the second occurrence of C504.

Exchange rate currency market identifier

C

an..3

Segment Notes:

This segment is used to specify the currency of the monetary amount detailed in the previous MOA segment.  The CUX segment is only used if code 57 (Equivalent amount) has been used in data element 5025 of the previous MOA segment. The currency information is required only by the ordering customer and its bank.
When specifying the Reference and Target currencies for international trade, one occurrence of CUX is all that is required.  The reference currency is identified in the first occurrence of composite C504, with the target currency specified in the second occurrence of C504. The rate of exchange between the two is detailed in  DE 5402.
The general rule for calculating the rate of exchange is as follows;
Reference Currency multiplied by Rate = Target Currency.

Example:
CUX+2:EUR+3:USD+0.90243'

Dependency Notes:
6348: These data elements are only used when a rate of exchange is provided in data element 5402. When a rate of exchange is provided then at least one currency rate base must be specified.