This specification provides the definition of the Balance of payment information from customer message (BOPINF) to be used in Electronic Data Interchange (EDI) between trading partners involved in administration, commerce and transport.
1.1 Functional definition
The Balance of payment information from customer message is sent from a customer to the customer's bank in order to inform the customer's bank of information relating to one or more external payments which have been received in settlement of transactions with non-residents and which must be reported on by the bank to the responsible authority for Balance of Payment reporting purposes.
1.2 Field of application
The Balance of payment information from customer message may be used for both national and international applications. It is based on universal practice related to administration, commerce and transport, and is not dependent on the type of business or industry.
In some countries the receipt of an external payment by a customer has to be reported to the authority responsible for the compilation of Balance of Payments (BOP) statistics via the customer's resident bank.
It is assumed that the customer has previously been informed of the external payment receipt by means of a credit advice (CREADV) message sent by the customer's bank. This means that the customer need only report in the BOPINF message any required Balance of Payment information relating to the transaction which was not contained in the credit advice message as long as a reference to the received credit advice message is included. The main function of the BOPINF message therefore is to provide additional Balance of Payment information related to the external payment and which is unknown by the customer's bank.
For onwards periodic reporting to the authority responsible for the compilation of Balance of Payments statistics the customer's bank has to combine the contents of any referenced CREADV messages with the related BOPINF messages in order to prepare the Balance of payment customer transaction report message (BOPCUS).
The message has been designed with a main detail loop each repetition of which should be used to provide information related to a single credit advice.
See UNTDID, Part 4, Chapter 2.3 UN/ECE UNSM - General Introduction, Section 1.
3. TERMS AND DEFINITIONS
3.1 Standard terms and definitions
See UNTDID, Part 4, Chapter 2.3 UN/ECE UNSM - General Introduction, Section 2.
4. MESSAGE DEFINITION
4.1 Data segment clarification
This section should be read in conjunction with the segment table which indicates mandatory, conditional and repeating requirements.