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| Function: |
| To identify a process. |
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| PROCESS TYPE AND DESCRIPTION |
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Process type identification |
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Code list responsible agency, coded |
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| Segment Notes: |
This segment is used to provide processing information related to the credit instruction.
It should be noted that information sent in groups 16 through 23 is generated by the ordering party and is simply forwarded to the beneficiary via the intermediary bank(s) without amendment.
Note 1 - The information following this segment is presented in a structured format using segments such as the DOC and MOA in segment group 17.
Note 2 - The information following this segment is presented in both an unstructured format, and has the same content and meaning, using the following FTX segment, and a structured format using segments such as the DOC and MOA in segment group 17. This code is required so as the receiving bank can decide which format (EDIFACT or SWIFT) to use when transmitting the information to the beneficiary's bank.
Note 3 - The information following this segment is presented in an unstructured format using the following FTX segment.
Example :
PRC+8'
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