Domestic Wire - ISO20022 Glossary/Definitions

Account Identification

Unique and unambiguous identification for the account between the account owner and the account servicer, such as account number or other identifying information.

Account Identification Issuer

Entity that assigns Account Identification

Account Name

Name of the account, as assigned by the account servicing institution, in agreement with the account owner in order to provide an additional means of identification of the account; different from the account owner name

Authority Name

Name of the entity requiring the regulatory reporting information.

Bank Clearing System

Identification of a clearing system, in a coded form as published in an external list

Bank Identification

Typically, a routing number, but may vary for other countries

BIC - Business Identification Code

An international standard for routing business transactions and identifying business parties

Charge Bearer

Entity that should be impacted by the Charge

Compensation Amoun

Amount of money asked or paid as compensation for the processing of the instruction

Creditor Agent

Beneficiary FI

Creditor Reference Information

Reference information provided by the creditor to allow the identification of the underlying documents

Debtor

Originator

Garnishment Remittance

Provides remittance information about a payment for garnishment-related purposes

Initiating Party

Used only when different from Debtor; party that initiates the payment the credit transfer on behalf of the debtor

Instructed Agent

Receiving ABA

Instructed Amount

Amount the Originator/Debtor has instructed to be sent

Invoicee

Identification of the party to whom an invoice is issued, when it is different from the debtor or ultimate debtor

Invoicer

Identification of the organization issuing the invoice, when it is different from the creditor or ultimate creditor

Legal Entity Identification

Legal entity identifier of the financial institution

Original Business Function Code

Business Function Code that was used in the original wire

Payment Information ID

Unique identification, as assigned by the original sending party, to unambiguously identify the original payment information group

Referred Document Amount

Provides details on the amounts of the referred document

Referred Document Information

Provides the identification and the content of the referred document

Remittance Information

Information supplied to enable the matching of an entry with the items that the transfer is intended to settle, such as commercial invoices in an accounts’ receivable system

Remittance Information Summary

Information supplied to enable the matching/reconciliation of an entry with the items that the payment is intended to settle, such as commercial invoices in an accounts’ receivable system, in an unstructured form

Requested Execution Date

Date at which the initiating party requests the clearing agent to process the payment; the date on which the debtor's account is to be debited. If payment by cheque, the date when the cheque must be generated by the bank.

Requestor Investigation ID

Unique identification, as assigned by the requestor, to unambiguously identify the investigation for the requestor

Responder Investigation ID

Unique identification, as assigned by the responder, to unambiguously identify the investigation for the responder

Return Instructed Amount

The funds to be moved between the debtor and the creditor, before deduction of charges, in the returned transaction

Tax Remittance

Provides remittance information about a payment made for tax-related purposes

UET

UETR of the original message to which the payment return message relate

Ultimate Creditor

The ultimate party to which an amount of money is due

Ultimate Debtor

Ultimate party that owes an amount of money to the (ultimate) creditor

Uniform Resource Identifier

A compact string of characters that uniquely identify an abstract or physical resource; the super-set of identifiers, such as URLs, email addresses, ftp sites, etc., and as such, provide the syntax for all of the identification schemes.