The Remittance Advice is a communication between trading partners, e.g. seller, buyer, financial institutions, which provides a detailed accounting relative to a payment, or other form of financial settlement, for the provision of goods and/or services as detailed in the advice.
A service segment starting and uniquely identifying a message. The message type code for the Remittance advice message is REMADV. Note: Remittance advice messages conforming to this document must contain the following data in segment UNH, composite S009: Data element 0065 REMADV 0052 D 0054 12A 0051 UN
A segment for unique identification of the Remittance Advice Message, the type of Remittance Advice and its function.
A segment specifying the dates, and when relevant, the times related to the whole message. The segment must be specified at least once to specify the message date as allocated by the sender.
A segment for referencing documents which relate to the whole message.
A segment identifying the financial institution (e.g. bank) and account number and, where relevant, the currency of the account, for each party involved in the transaction. The Payor may indicate the previously agreed choice of financial institution for payment.
A segment specifying the conditions, guarantee, method and channel of payment for the Remittance Advice.
A segment with free text information, in coded or clear form, used when additional information is needed but cannot be accommodated within other segments. In computer to computer exchanges such text will normally require the receiver to process this segment manually.
A segment identifying various indicators required by a processing system.
A segment to identify a party name and address, either by coded identification or in clear form. It is recommended that where possible only the coded form of the party ID should be specified e.g. the Buyer and Seller are known to each other, thus only the coded ID is required.
A segment to identify a reference related to the associated party, e.g. tax reference number.
A segment to specify dates and/or times associated with the above reference.
A segment to identify a person or department and their function, to whom communications should be directed.
A segment specifying the communication channel and number for the specified contact.
A segment identifying the currencies required in the Remittance Advice. A rate of exchange may be given to convert a reference currency into a target currency.
A segment specifying the date/time/period related to the rate of exchange.
