A Payment Order is sent by the Ordering Customer (or Payor or Agent on behalf of the Ordering Customer) to the Ordered Bank, to instruct the Ordered Bank to debit an account it services for the Ordering Customer, and to arrange for the payment of a specified amount to the Beneficiary (or Payee or Agent in favour of Beneficiary) in settlement of the referenced business transaction(s). Throughout this document, the term 'Ordering Customer' refers to either an Ordering Customer, or a Payor or Agent acting on behalf of the Ordering Customer; likewise the term 'Beneficiary' refers to either a Beneficiary, or a Payee or Agent acting on behalf of the Beneficiary.
To head, identify and specify a message.
To indicate the type and function of a message and to transmit the identifying number.
To provide information related to the processing and purpose of a financial message.
To specify the instructions for payment.
Description of allocation of charges.
To specify date, and/or time, or period.
To provide free form or coded text information.
To specify a reference.
To specify date, and/or time, or period.
To specify a monetary amount.
To specify currencies used in the transaction and relevant details for the rate of exchange.
To specify date, and/or time, or period.
To specify a reference.
To identify an account and a related financial institution.
To identify a person or a department to whom communication should be directed.
To identify a communication number of a department or a person to whom communication should be directed.
To specify the name/address and their related function, either by CO82 only and/or unstructured by CO58 or structured by CO80 thru 3207.
To identify a person or a department to whom communication should be directed.
To identify a communication number of a department or a person to whom communication should be directed.
To specify parties to an instruction and where relevant, the instruction.
To provide free form or coded text information.
To specify date, and/or time, or period.
To transmit a processing indicator.
To specify a monetary amount.
To identify a country/place/location/related location one/related location two.
To specify the name/address and their related function, either by CO82 only and/or unstructured by CO58 or structured by CO80 thru 3207.
To specify sector/subject requirements and conditions.
To provide free form or coded text information.
To identify documents, either printed, electronically transferred, or referenced as specified in message description, including, where relevant, the identification of the type of transaction that will result from this message.
To specify date, and/or time, or period.
To specify results of the application of an authentification procedure.
To specify date, and/or time, or period.
To end and check the completeness of a message.
