Code identifying purpose of transaction set

Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year

BC02 is the date of transaction set preparation.

Time expressed in 24-hour clock time as follows: HHMM, or HHMMSS, or HHMMSSD, or HHMMSSDD, where H = hours (00-23), M = minutes (00-59), S = integer seconds (00-59) and DD = decimal seconds; decimal seconds are expressed as follows: D = tenths (0-9) and DD = hundredths (00-99)

BC03 is the time of transaction set preparation.

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

BC04 is the transaction reference number.

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

BC05 is the reference number of a previous transaction.

Code specifying the type of transaction

Code indicating type of action