acmt.027
ISO 20022 account switching message, acmt business area.
Definition
acmt.027 AccountSwitchInformationRequest belongs to the ISO 20022 account-switching message set, designed for automated account portability such as the UK Current Account Switch Service. The new institution (New Account Servicer) sends it to the old one to obtain the direct debits, standing orders and balances to be transferred; the old institution replies with acmt.028 (AccountSwitchInformationResponse). The central switch context is carried by the AcctSwtchDtls element.
Origin
Defined in the ISO 20022 Message Definition Report of the Account Switching set (acmt, ISO TC 68/SC 9), maintained by the Registration Authority; submission notably supported by Pay.UK (Bacs) for the Current Account Switch Service.
Example in context
<Document xmlns="urn:iso:std:iso:20022:tech:xsd:acmt.027.001.05"><AcctSwtchInfReq><MsgId><Id>SWTCH-REQ-001</Id></MsgId><AcctSwtchDtls><UnqRefNb>UK123456</UnqRefNb></AcctSwtchDtls></AcctSwtchInfReq></Document>