FCA Financial charges allocation

SegmentOptAtMax 1

Description of allocation of charges.

Elements

PositionElementNameRequirementTypeMin/MaxRepeat
10
4471Settlement, codedMandatoryID1/3AtMax 1
20
C878Charge/allowance accountOptAtMax 1
10
3434Institution branch numberMandatoryAlphanumeric1/17Exact 1
20
1131Code list qualifierOptID1/3Exact 1
30
3055Code list responsible agency, codedOptID1/3Exact 1
40
3194Account holder numberOptAlphanumeric1/35Exact 1
50
6345Currency, codedOptAlphanumeric1/3Exact 1

Element Details

ID4471NameSettlement, codedLength1/3Position10TypeIDRequirementMandatoryCodes
  • <>15
    All the charges are to be borne by the ordering customer.
  • <>7
    Self explanatory.
  • <>ZZZ
    A code reserved for special trading partner requirements when pre-defined codes do not exist.
  • <>13
    All charges are to be borne by the beneficiary.
  • <>14
    Each party are to be responsible for its own charges.
  • <>22
    Documentary credit discount charges are to be borne by the applicant.
  • <>19
    All bank charges associated with a documentary credit, incurred outside the country of the applicant, are to be paid by the beneficiary.
  • <>12
    Reference to an allowance or charge as being free for customs duty computation purposes.
  • <>17
    All bank charges associated with a documentary credit except confirmation commission are to borne by the applicant.
  • <>1
    Refers to a charge or allowance for the buyer and the buyer will bill back the seller.
  • <>23
    Documentary credit discount charges are to be borne by the beneficiary.
  • <>18
    All bank charges associated with a documentary credit are to be borne by the beneficiary.
  • <>4
    An allowance will be processed for the customer by giving a credit to their account.
  • <>16
    All bank charges associated with a documentary credit are to be borne by the applicant.
  • <>2
    The allowance or charge is being deducted from the face of the document.
  • <>20
    Documentary credit amendment charges are to be borne by the applicant.
  • <>5
    A charge whose payment will be made by the vendor.
  • <>8
    Allowance as relates to the gross quantity invoiced.
  • <>11
    Description to be provided.
  • <>3
    An allowance will be given to a customer from the supplier in the form of a check.
  • <>21
    Documentary credit amendment charges are to be borne by the beneficiary.
  • <>24
    All bank charges associated with a documentary credit other than those of the issuing bank are to be borne by the beneficiary.
  • <>6
    A charge whose payment will be made by the customer.
  • <>9
    Description to be provided.
  • <>10
    Description to be provided.