Page last modified 16:57, 11 Jan 2017 by Antero

Field 71A

    Table of contents
    1. 1. Format
    2. 2. Definition
    3. 3. Examples
    Format

    Option A                       3!a                                                   (Code)

    Definition

    This field specifies which party will bear the charges for the transaction.

    Codes

    One of the following codes must be used (Error code(s): T08):

    BEN

    Beneficiary

    All transaction charges are to be borne by the beneficiary customer.

    OUR

    Our customer charged

    All transaction charges are to be borne by the ordering customer.

    SHA

    Shared charges

    All transaction charges other than the charges of the financial institution servicing the ordering customer account are borne by the beneficiary customer.
    Examples

    :71A:BEN

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