BUS-DETAIL

The segment qualifying a banking business function in EDIFACT finance.

Definition

BUS carries composite C503 (Reference details), 1366 (Subject identification) and 1365 (Action code). Used to qualify a banking instruction — payment, direct debit, mass transfer, guarantee. Foreshadows part of the ISO 20022 BFG semantics.

Origin

Defined by UN/CEFACT UNTDID, used in EDIFACT finance.

Example in context

BUS+:::PAYM+1+5'

Related terms

• BUS (short) — short definition.
• ISO 20022 — successor finance standard.