ISO 20022: Citi Mini Series & Reference Guide Part 3

ISO 20022: Citi Mini Series & Reference Guide | 8 Message Flow Scenario 1 — Account statements — Account reports provided to it’s customers reporting the Intraday transactions and balances. At the end of the day, a Statement message sent to it’s customers to report balance data, debits and credits booked on the account.. Message Groups: Statements & Advices What is the Statements & Advice message group? Statements & Advices are usually exchanged between an account service provider and it’s customers to report cash transactions at the end of the day or at regular intervals of the day. camt (Bank to Customer) message types camt.053 It is a Bank to Customer Statement initiated by the clearing house and provides the customer with detailed and structured information on all entries booked to their account for the business day camt.052 It is a Bank to Customer intraday account report to provide the customer with a near real time view of their account(s) camt.060 Initiated by the account owner, either directly or through a forwarding agent, to one of its account servicing institutions to ask the account servicing institution to send a report on the account owner’s account camt.057 Issued by an account owner to one of the account owner’s account servicing institutions. It is an advance notice that the account servicing institution will receive funds to be credited to the account of the account owner camt.054 Issued by a bank to provides the customer with account debit or account credit information Party Credit Transfer Debtor A Debtor’s Agent Party Credit Transfer B Creditor’s Agent Creditor camt.052 A B camt.052 pacs.008 camt.054 camt.054 camt.053 camt.053