SEPA Account Statement Information
Until now, the information on a bank statement has been provided to the account holder by the banks in the SWIFT formats MT 940 and MT 942. In the course of SEPA migration, however, additional account statement information is required that can only be displayed in a roundabout way or to a limited extent by the previous formats. The aim, however, is to be able to represent end-to-end processing of SEPA payment orders. Since these SEPA payment orders are XML-based, it was specified in the DFU agreement that cash management messages will be used for account statement information with the changeover to SEPA. These Camt messages are based on the ISO 20022 standard, which was issued by the International Organization for Standardization (ISO) under the name UNIFI based on XML syntax. The objects of ISO 20022, a specification for the financial industry, are a logical data model and related message types in addition to cross-organizational workflows. Thanks to these Camt messages, account statement information can be made available for SEPA transactions in a more comprehensive and structured way than was possible with the previous formats.
SEPA: Camt messages for bank statement information
So far, three different Camt messages are in use for SEPA account statement information:
- camt.052 for the balance report and intraday transactions (earmarked items).
- camt.053 for daily and interbank statements
- camt.054 for the collective posting file, credit advice and debit advice
The use of the Camt messages is intended to enable end-to-end processing of SEPA payment orders. In addition, the SEPA account statement information can be displayed in a structured manner. Each of the aforementioned Camt messages has the same basic structure. The bank-specific business transaction of the respective Camt message is named with a subject-specific root element. The GroupHeader element group contains, among other things, the recipient information, the message ID and the page numbering (pagination). Another element group, named with reference to the root, contains the details of the business transaction in the form of further specialist element groups. Furthermore, Camt messages can have the element group Sales (Entry). This group contains sales information with details about the amount, the posting date and the note whether it is a credit or debit posting. If there are no sales, this element group may be missing. Another essential element is the entry element group “Transaction Details”. The detail elements contained in this element group are used to display information on the respective transaction in a structured manner, for example, references, the purpose of the transaction, amount details and the parties involved.
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