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ISO 20022 Universal financial industry message scheme

    Bank Transaction Codes External Code Lists

ISO 20022

    10 June 2009

    Version 6.2 Approved Version

     This document provides the detailed description of the external code lists and values to be used in the Bank Transaction Code structure.

    339344247.doc. ISO 20022 Page 1 16 June 2009

    1 Introduction .................................................................................................................................................................................................................... 4 2 Document structure ...................................................................................................................................................................................................... 4 3 External Code Lists ...................................................................................................................................................................................................... 5 3.1 Section 1: Bank Transaction Code scope and high level structure .................................................................................................................... 5 3.1.1 Scope of the Bank Transaction Code ................................................................................................................................................................................. 5 3.1.2 The Bank Transaction Code component ............................................................................................................................................................................ 6 3.1.3 Proprietary component ......................................................................................................................................................................................................... 9 3.2 Section 2: Definition of the Domains ................................................................................................................................................................... 10 3.2.1 Domains overview .............................................................................................................................................................................................................. 10 3.2.2 Domains definition .............................................................................................................................................................................................................. 11 3.3 Section 3: Families within Domains..................................................................................................................................................................... 12 3.3.1 Generic Family definition .................................................................................................................................................................................................... 12 3.3.2 Payments Families definition ............................................................................................................................................................................................. 13 3.3.3 Cash Management Families definition .............................................................................................................................................................................. 14 3.3.4 Derivatives Families definition ........................................................................................................................................................................................... 15 3.3.5 Loans, Deposits & Syndications Families definition ......................................................................................................................................................... 16 3.3.6 Foreign Exchange Families definition ............................................................................................................................................................................... 17 3.3.7 Precious Metals Families definition ................................................................................................................................................................................... 18 3.3.8 Commodities Families definition ........................................................................................................................................................................................ 18 3.3.9 Trade Services Families definition..................................................................................................................................................................................... 19

     Securities Families definition ............................................................................................................................................................................................. 20 3.3.10

    3.3.11 Account Management Families definition ......................................................................................................................................................................... 21 3.3.12 Extended Domain Family definition .................................................................................................................................................................................. 21 3.4 Section 4: Sub-Families within Families of Domains ......................................................................................................................................... 22 3.4.1 Generic Sub-Family definition ............................................................................................................................................................................................ 22 3.4.2 Payments Sub-Families definition ..................................................................................................................................................................................... 24 3.4.3 Cash Management Sub-Families definition ...................................................................................................................................................................... 34 3.4.4 Derivatives Sub-Families definition ................................................................................................................................................................................... 36 3.4.5 Loans, Deposits & Syndications Sub-Families definition ................................................................................................................................................. 38

    3.4.6 Trade Services Sub-Families definition............................................................................................................................................................................. 40 3.4.7 Securities Sub-Families definition ..................................................................................................................................................................................... 42 3.4.8 Account Management Sub-Families definition ................................................................................................................................................................. 53 3.5 Section 5: Domains without defined Sub-Families............................................................................................................................................. 55 3.5.1 Foreign Exchange Sub-Families definition ....................................................................................................................................................................... 55 3.5.2 Precious Metal Sub-Families definition ............................................................................................................................................................................. 56 3.5.3 Commodities Sub-Families definition ................................................................................................................................................................................ 57 3.5.4 Exceptional Securities Sub-Families definition (Custody Collection) .............................................................................................................................. 58 4 List of 4 character codes ........................................................................................................................................................................................... 59 4.1 External Domain Code List (ExternalBankTransactionDomain1Code) ............................................................................................................ 59 339344247.doc. ISO 20022 Page 2 16 June 2009

    4.2 External Family Code List (ExternalBankTransactionFamily1Code) ............................................................................................................... 59 4.3 External Sub-Family Code List (ExternalBankTransactionSubFamily1Code)................................................................................................ 64

    4.3.1 Sub-Families of generic Families ...................................................................................................................................................................................... 64

    4.3.2 Generic Sub-Families ......................................................................................................................................................................................................... 65

    4.3.3 Payments Domain .............................................................................................................................................................................................................. 66

    4.3.4 Cash Management Domain ............................................................................................................................................................................................... 73

    4.3.5 Derivatives Domain............................................................................................................................................................................................................. 74

    4.3.6 Loans, Deposits & Syndications Domain .......................................................................................................................................................................... 75

    4.3.7 Trade Services Domain ...................................................................................................................................................................................................... 76

    4.3.8 Securities Domain ............................................................................................................................................................................................................... 77

    4.3.9 Account Management Domain .......................................................................................................................................................................................... 82 5 Revision record ........................................................................................................................................................................................................... 83

    339344247.doc. ISO 20022 Page 3 16 June 2009

1 Introduction

    This document provides the detailed description of the external code lists and values to be used in the Bank Transaction Code structure.

2 Document structure

Chapter 3 is composed of several sections:

    Section 1: This section provides the overview of the approved structure of the Bank Transaction Code list, with detailed information on the scope and structure of the domains.

    Section 2 to 5: Per domain there is one dedicated section. Each section contains:

    ; The families and sub-families of the corresponding domain, including the relevant definition for the families and sub-families.

Chapter 4 provides a summary of the domains, families and sub-families, with the codes to be applied.

    339344247.doc. ISO 20022 Page 4 16 June 2009

3 External Code Lists

    3.1 Section 1: Bank Transaction Code scope and high level structure

3.1.1 Scope of the Bank Transaction Code

    The scope of the Bank Transaction Code is to deliver a harmonised list of codes, which should be applied in bank-to-customer cash account

    reporting information. The bank transaction code information allows the account servicer to correctly report a transaction, which in its turn will help account owners to perform their cash management and reconciliation operations.

    The Bank Transaction Code proposes a harmonised, global alternative for the different domestic bank transaction code lists that exist. The lack of such a harmonised list led to a misuse and misinterpretation of the domestic codes.

The requirements that have been expressly identified as part of the scope of the Bank Transaction Code are the following:

    ; All transactions resulting in a cash movement on the customer‟s account should be taken into account;

    ; Usage of national bank transaction code lists should be catered for initially in order to ease the migration from the existing lists towards the

    harmonised bank transaction code list.

    ; The existing domestic bank transaction code lists need to migrate towards the standardised list for consistency and interoperability.

    ; Clear definitions of the bank transaction codes are required so that the same code is always used in the same context and two codes may

    not be used for the same transaction.

    ; The bank transaction code is used to allow the reconciliation between the reason of the cash movement and the sub-ledger and/or the

    routing of the information to the adequate processing system at the customer side. 339344247.doc. ISO 20022 Page 5 16 June 2009

3.1.2 The Bank Transaction Code component

The structure of the Bank Transaction Code component includes the following 3 levels:

    - Domain: Highest definition level to identify the sub-ledger. The domain defines

    the business area of the underlying transaction (e.g., payments, DomainDomain securities...).

    This layer is a specific ISO 20022 external code list

    Product familyFamily (defined as the ExternalBankTransactionDomain1Code).

- Family: Medium definition level: e.g. type of payments: credit transfer, direct Product sub-family SubFamily debit.

    This layer is a specific ISO 20022external code list

    (defined as the ExternalBankTransactionFamily1Code).

- Sub-family: Lowest definition level: e.g. type of cheques: drafts, etc

    This layer is a specific ISO 20022 external code list

    (defined as the ExternalBankTransactionSubFamily1Code).

    As shown below, it is possible to specify both a proprietary code and a standard code, in a structured format. The structured component provides for three mandatory levels. The first level is the Domain of the Bank Transaction Code. The Domain must be further extended with the Family and Sub-Family.

    339344247.doc. ISO 20022 Page 6 16 June 2009

The values/codes for the Domain/Family/Sub-Family are the subject of this document and are registered as external ISO 20022 code lists.

Ref. Structure Element XML Tag Multipicity Data Type Definition

    1.0 BankTransactionCode <BkTxCd> [1..1] Set of elements to fully identify the type of

    underlying transaction resulting in an entry.

    1.1 Domain <Domn> [0..1] Specifies the domain, the family and the sub-

    family of the bank transaction code, in a

    structured and hierarchical format.

    Usage: If a specific family or sub-family code

    cannot be provided, the generic family code

    defined for the domain or the generic sub-

    family code defined for the family should be

    provided.

    1.1.1 Code <Cd> [1..1] ExternalBankTransactionDoSpecifies the business area of the underlying main1Code (4 chars max) transaction.

    1.1.2 Family <Fmly> [1..1] Specifies the family and the sub-family of the

    bank transaction code, within a specific

    domain, in a structured and hierarchical

    format.

    1.1.2a Code <Cd> [1..1] ExternalBankTransactionFaSpecifies the family within a domain. mily1Code (4 chars max)

    1.1.2b SubFamilyCode <SubFmlyCd> [1..1] ExternalBankTransactionSubSpecifies the sub-product family within a Family1Code (4 chars max) specific family.

    1.2 Proprietary <Prtry> [0..1] Proprietary identification of the bank

    transaction code, as defined by the issuer.

    1.2.1 Code <Cd> [1..1] Max35Text Proprietary bank transaction code to identify

    the underlying transaction.

    1.2.2 Issuer <Issr> [0..1] Max35Text Identification of the issuer of the proprietary

    bank transaction code.

Rules associated with the Bank Transaction Code structure:

    ; If Domain is absent, then Proprietary must be present.

    ; If Proprietary is absent, then Domain must be present

    339344247.doc. ISO 20022 Page 7 16 June 2009

The picture below shows the Bank Transaction Code component in a graphical view.

339344247.doc. ISO 20022 Page 8 16 June 2009

3.1.3 Proprietary component

The Proprietary component has been added to the structure to cater for two of the most important requirements:

    ; During a transition period, existing national bank transaction code lists can be reported through the proprietary element in the bank

    transaction code structure.

    ; The proprietary element can be used to report codes that are not defined (yet) in the registered code lists, but are candidates to be included

    in the registered lists.

    Even though the Proprietary element is used to define the Bank Transaction Code, the structured Domain/Family/Sub-Family structure may already be completed with the information available to the sender of the message.

Sample of the Proprietary element usage:

    Bank Transaction Code

    Domain (optionally)

    Code = “Extended Domain

    Family

    Code = Not Available

    Sub-Family Code = Not Available

    Proprietary

    Code = “143

    Issuer = “BAI

    339344247.doc. ISO 20022 Page 9 16 June 2009

    3.2 Section 2: Definition of the Domains

3.2.1 Domains overview

The diagram below provides you with an overview of the Domains that have been agreed for the Bank Transaction Code. A definition for each of

    those Domains is provided further in this document.

    Bank Transaction Code

    Domains

    Payments

    Cash Management

    Derivatives

    Loans, Deposits & Syndications

    Foreign Exchange

    Precious Metal

    Commodities

    Trade Services

    Securities

    Account Management

    Extended Domain

339344247.doc. ISO 20022 Page 10 16 June 2009

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