United Nations Directories
for Electronic Data Interchange for
Administration, Commerce and Transport



 UN/EDIFACT

Message Type : FINPAY Version : D Release : 05B Contr. Agency: UN Revision : 2 Date : 2006-01-17 SOURCE: TBG5 Finance CONTENTS Multiple interbank funds transfer message 0. INTRODUCTION 1. SCOPE 1.1 Functional definition 1.2 Field of application 1.3 Principles 2. REFERENCES 3. TERMS AND DEFINITIONS 3.1 Standard terms and definitions 4. MESSAGE DEFINITION 4.1 Segment clarification 4.2 Segment index (alphabetical sequence by tag) 4.3 Message structure 4.3.1 Segment table ---------------------------------------------------------------------- For general information on UN standard message types see UN Trade Data Interchange Directory, UNTDID, Part 4, Section 2.3, UN/ECE UNSM General Introduction ---------------------------------------------------------------------- 0. INTRODUCTION This specification provides the definition of the Multiple interbank funds transfer message (FINPAY) to be used in Electronic Data Interchange (EDI) between trading partners involved in administration, commerce and transport. 1. SCOPE 1.1 Functional definition A Multiple interbank funds transfer message is sent between financial institutions to request the transfer of funds in settlement of the referenced business transaction(s). The FINPAY message may be exchanged directly between financial institutions or through a clearing system. Depending on the account relationship between the financial institutions, the FINPAY may be used as a payment order and/or as a credit advice. The FINPAY may also be used for collections, documentary credits, direct debits and other financial institution related transfers. 1.2 Field of application The Multiple interbank funds transfer message may be used for both national and international applications. It is based on universal practice related to administration, commerce and transport, and is not dependent on the type of business or industry. 1.3 Principles - A Multiple interbank funds transfer message may cover several funds transfer instructions. - However, one FINPAY message must cover either credit transfers or debit transfers, i.e., these two functions must not be mixed in the same message. - The only way to modify a Multiple interbank funds transfer message is to cancel the whole message or part thereof (e.g., by using the FINCAN - Financial Cancellation message). In that respect, one to many transaction(s) could be cancelled within the message, avoiding the need to cancel the whole message. 2. REFERENCES See UNTDID, Part 4, Chapter 2.3 UN/ECE UNSM - General Introduction, Section 1. 3. TERMS AND DEFINITIONS 3.1 Standard terms and definitions See UNTDID, Part 4, Chapter 2.3 UN/ECE UNSM - General Introduction, Section 2. 4. MESSAGE DEFINITION 4.1 Segment clarification This section should be read in conjunction with the segment table which indicates mandatory, conditional and repeating requirements. The following semantic principles applying to the message are intended to facilitate the understanding of the message: The Multiple interbank funds transfer message is structured in three levels: A, B, and C. - Level A contains general data related to the whole message and is contained in Segment Groups 1, 2, 31 and 32. - Level B contains information needed to effect the funds transfer, such as the total amount to be transferred, the value date, the currency, the charges allocation, and data which applies to all the dependent C levels and is contained in Segment Group 3 through Segment Group 11. - Level C contains data specific to the individual transactions and may contain remittance information. This data is considered as unique for each transaction and is contained in Segment Group 12 through Segment Group 30. The structure of the message is designed to allow several B levels, each B level being followed by its related C levels. 0010 UNH, Message header A service segment starting and uniquely identifying a message. The message type code for the Multiple interbank funds transfer message is FINPAY. Note: Multiple interbank funds transfer messages conforming to this document must contain the following data in segment UNH, composite S009: Data element 0065 FINPAY 0052 D 0054 05B 0051 UN 0020 BGM, Beginning of message A segment by means of which the sender must uniquely identify the FINPAY message using its type and number and when necessary its function. 0030 DTM, Date/time/period A segment specifying the date and, if required, the time when the message is created. 0040 BUS, Business function A segment identifying certain characteristics of the Multiple interbank funds transfer message, such as the type of transaction and/or bank operation, and used for routing purposes. 0050 Segment group 1: RFF-DTM A group of segments identifying a previously-sent FINPAY. 0060 RFF, Reference A segment specifying the reference of the previously-sent FINPAY. 0070 DTM, Date/time/period A segment specifying the creation date of the referenced message. 0080 Segment group 2: FII-CTA-COM A group of segments identifying the financial institutions involved in the multiple interbank funds transfer message and the routing functions with their contacts. 0090 FII, Financial institution information A segment identifying the financial institutions associated with the transaction in coded or uncoded form and their function. 0100 CTA, Contact information A segment identifying a person or a department for the party specified in the leading FII segment to whom communication should be directed. 0110 COM, Communication contact A segment identifying communication type(s) and number(s) of person(s) or department(s) specified in the associated CTA segment. 0120 Segment group 3: LIN-BUS-DTM-SG4-SG5-SG6-SG7-SG10-SG11-SG12 A group of segments containing general information about the transaction, such as the total amount to be transferred. It also contains details which pertain to all individual payments specified within the group. 0130 LIN, Line item A segment identifying the beginning of the general information related to the transaction (B level) by a sequential line number, which may also be used for reconciliation purposes. 0140 BUS, Business function A segment identifying characteristics of the type(s) of transaction(s) contained in level C. 0150 DTM, Date/time/period A segment identifying the posting date and/or value date and/or the requested execution date. 0160 Segment group 4: FII-CTA-COM A group of segments specifying the account relationship(s) and providing information pertaining to the routing of the funds. 0170 FII, Financial institution information A segment identifying the account relationship between the sending and receiving financial institution. 0180 CTA, Contact information A segment identifying a person or a department for the financial institution specified in the FII segment and to whom communication should be directed. 0190 COM, Communication contact A segment identifying communication type(s) and number(s) of person(s) or department(s) specified in the associated CTA segment. 0200 Segment group 5: RFF-DTM A group of segments specifying the reference of the total amount to be transferred. 0210 RFF, Reference A segment specifying the reference number of the total amount to be transferred. This reference is specific for each total amount contained in each B level. 0220 DTM, Date/time/period A segment indicating the date and, if required, the time relevant to the preceding reference. 0230 Segment group 6: MOA-CUX-DTM-RFF A group of segments containing the total of all the amounts of the subsequent C levels to be transferred. It may also specify the currency, the foreign exchange details, as well as any other relevant amounts. 0240 MOA, Monetary amount A segment containing the total of all subsequent individual amounts to be transferred as well as, optionally, the currency. 0250 CUX, Currencies A segment identifying the source currency and the target currency of the amount to be transferred when they are different, and indicating the exchange rate related to the account and amount to be converted. 0260 DTM, Date/time/period A segment specifying the effective date and/or time the rate of exchange quoted in the preceding CUX segment was fixed. 0270 RFF, Reference A segment identifying other transactions to which funds associated with the multiple interbank funds transfer are related, such as a separate foreign exchange deal. 0280 Segment group 7: FCA-MOA-SG8 A group of segments specifying the method for allocation of charges and allowances and to which account these charges have been directed. It may also contain the total amount of charges and allowances. 0290 FCA, Financial charges allocation A segment specifying the method for allocation of charges and allowances and identifying the account to which such charges should be directed where it is different from the principal account. 0300 MOA, Monetary amount A segmen