ISO 7982-1:1998, Bank telecommunication - Funds transfer messages - Part 1: Vocabulary and universal set of data segments and data elements for ... messages (publi� en anglais seulement)

This part of ISO 7982 specifies, defines and sets forth the vocabulary terms, representation of data segments and data elements used today and in the near future in the description, processing and formatting of funds transfer payment orders exchanged between financial institutions. Additionally, this Universal Set of Data Segments and Data Elements for Electronic Funds Transfer Messages is ordered by logical function groupings (data segments) and therefore may be considered as a basic funds transfer message format.The appearance of certain information is essential to the successful processing of a funds transfer message. For the purposes of this part of ISO 7982, the data segments and/or data elements that provide this information have been designated as mandatory. In some cases, the mandatory data segment and/or data elements must always appear in the message (e.g., data segment — amount; data element — transaction amount). Data segments and data elements falling into this category are identified as ME (Mandatory Explicit) in the standard. In other instances, the data segment and/or data elements must either appear in the message or be derivable from another mandatory data segment and/or data element in the message or from the processing conventions of the system used (e.g., data segment — beneficiary's financial institution). These data segments and data elements are identified as Ml (Mandatory Implicit) in this part of ISO 7982.In addition, the following rule shall be applied whenever a party listed below is present in the message. At a minimum either the name and address or the identifier (e.g., account identification) data element must be included.OriginatorOriginator's Financial InstitutionInstructing Financial InstitutionIntermediary Financial InstitutionBeneficiary's Financial InstitutionBeneficiary Sender's CorrespondentIntermediary Reimbursement Financial InstitutionReceiver's Correspondent Since it is incumbent upon the receiver of a funds transfer message to interpret and understand the full intent and meaning of funds transfer messages received through a variety of services or systems, the data elements identified in this part of ISO 7982 are defined from the perspective of the Receiver.