It is a set of regulations defined and continually adapted by the United Nations specifically developed for the electronic data exchange. It establishes the norms for business and trade processes and counteracts proprietory standards within specific industries.
UN/EDIFACT is applied world-wide and enables the process integration between software programs of all participating companies.
Data regulation processes have been developed for specific business applications, such as bid submitting, awarding of orders or contracts, confirmations, completing customs or transportation forms, billing, payment settlement, etc. These regulations refer to the data use patterns and the syntax for the structure of the electronically transmitted messages.
Messages currently supported by Swiss financial institutions
The UN/EDIFACT data definition and regulations are successively being introduced as the norm for the electronic data exchange between Swiss financial institutions and their partners. The following acronyms are currently in use for electronic payment traffic processes:
| Message |
Meaning |
|
|
|
|
| PAYORD/PAYEXT |
Single payment order |
|
|
|
|
| PAYMUL |
Multiple payment order |
|
|
|
|
| DIRDEB |
Direct debit transaction (LSV/BAD) |
|
|
|
|
| DEBADV |
Single debit advice |
|
|
|
|
| DEBMUL |
Multiple debit transaction |
|
|
|
|
| CREADV / CREEXT |
Single credit advice |
|
|
|
|
| CREMUL |
Multiple credit advice |
|
|
|
|
| FINSTA |
Statement |
|
|
|
|
| BANSTA |
Acknowledgement at application level |
|
|
|
|
| CONTRL |
Technical confirmation Interchange |
|
|
|
|
Different financial institutions have progressed farther than others in the process of adapting to the new UN/EDIFACT norms. Updated information is available at the respective financial institution.
Additional Information: Introduction, Payment Traffic, Security
Below is a list of additional documents providing further information about UN/EDIFACT, compiled by Swiss Interbank Clearing.
