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| Function: |
| To provide free form or coded text information. |
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| A code identifying standard text agreed between partners. |
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Code list responsible agency, coded |
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| Segment Notes: |
This segment is used to provide free or coded text information required by the regulatory authorities. The form and content of this segment is dependent upon the central bank or regulatory authority's requirements.
Use of this segment in free form is not recommended since in most cases it inhibits automatic processing of the multiple debit advice. Coded references to standard texts is an available functionality which enables automatic processing and reduces transmission and processing overheads. Standard texts should be mutually defined among trading partners and can be used to cover legal and other requirements.
Example :
FTX+REG++SUBJECT TO EUROPEAN CENTRAL BANK REGULATIONS'
Dependency Notes :
DE C107: This composite is only used when trading partners have agreed to use mutually defined code values.
DE C108: This composite is only used if coded text can not be used.
DE 3453: This data element is only used when non coded free text has been provided in data element C108. |
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