Routing section
The routing section defines how the payment is routed through payment systems and networks.
Fields
The key fields that are available are shown in the following list.
- Settlement Mechanism
- How the payment is settled. For example, RTGS, The Clearing House.
- Payment Method
- The method of payment. For example, credit transfer, debit transfer.
- Clearing System
- The payment system used. For example, TARGET DKK, CHIPS, Fedwire.
- Clearing System Member ID
- The bank's identifier in the clearing system.
- RMA Indicator
- Relationship Management Application (RMA) indicator.
Payment instructions
The detailed routing instructions for each leg of the payment journey are shown in the following table.
| Field | Description |
|---|---|
| Message Type | The ISO 20022 message type for this leg. For example, pacs.008) |
| Outbound Scheme | The payment scheme for outbound processing. |
| Settlement Method | How this leg is settled. |
| Instructing Agent | Bank sending instructions for this leg. |
| Instructed Agent | Bank receiving instructions for this leg. |
| Instructing Reimbursement Agent | Reimbursement sender for this leg. |
| Instructed Reimbursement Agent | Reimbursement receiver for this leg. |
| Creditor Agent | Final creditor bank for this leg. |
| Creditor Agent Vostro | Creditor agent's account at another bank. |
| Account With Creditor Agent | Account details at creditor agent. |
| Account With Intermediary Agent | Account details at intermediary. |
| Addressee BIC | BIC of the message recipient. |
| Account BIC | BIC associated with the account. |