SEF Payment Handling
To indicate the frequency and method for which trading partner financial settlement occurs
Position
Element
Name
Type
Requirement
Min
Max
Repeat
SEF-01
Frequency Pattern Code
Identifier (ID)
Mandatory
2
2
-
Code indicating the frequency pattern used between the contracting parties
SEF-02
Description
String (AN)
Optional
1
80
-
A free-form description to clarify the related data elements and their content
SEF02 is used to clarify the payment frequency pattern code.
SEF-03
Payment Handling Code
Identifier (ID)
Conditional
2
2
-
Code identifying the payment mechanism used
SEF-04
Description
String (AN)
Conditional
1
80
-
A free-form description to clarify the related data elements and their content
SEF04 is used to clarify payment handling.