[{"data":1,"prerenderedAt":92},["ShallowReactive",2],{"post-pacs-008-message":3},{"id":4,"title":5,"body":6,"categories":78,"date":82,"description":83,"extension":84,"meta":85,"navigation":86,"path":87,"seo":88,"stem":89,"tags":90,"__hash__":91},"blog\u002Fblog\u002Foutput\u002Fposts\u002F2023-02-13-pacs-008-message\u002Findex.md","ISO 20022 Pacs.008 Message: Sample XML & Format Guide",{"type":7,"value":8,"toc":73},"minimark",[9,13,24,27,43,52,57,60],[10,11,12],"p",{},"The Pacs.008 message belongs to the Payment Clearing and Settlement family of messages. The Pacs messages are used within the bank to bank interface.",[10,14,15,16,23],{},"Pacs.008 is sent by the debtor agent to the creditor agent, directly or through other agents and\u002For a payment ",[17,18,22],"a",{"href":19,"rel":20},"https:\u002F\u002Fdavegarry.com\u002Fwhat-is-clearing-and-settlement\u002F",[21],"nofollow","clearing and settlement"," system. It is used to move funds from a debtor account to a creditor account.",[10,25,26],{},"The actual movement of funds will only happen after the clearing and settlement process. Each pacs.008 will have a settlement date which is the date when the transfer will take place.",[28,29,30,37],"figure",{},[10,31,32],{},[33,34],"img",{"alt":35,"src":36,"title":35},"Pacs.008 message flow","\u002Fimages\u002F2023-02-13-pacs-008-message\u002Fpacs.008-1.png",[38,39,40],"figcaption",{},[10,41,42],{},"Pacs.008",[10,44,45,46,51],{},"The XML Schema and Message Definition Report can be found ",[17,47,50],{"href":48,"rel":49},"https:\u002F\u002Fwww.iso20022.org\u002Fiso-20022-message-definitions?search=Pacs.008",[21],"here",".",[53,54,56],"h2",{"id":55},"building-blocks-of-pacs008-message","Building blocks of Pacs.008 Message",[10,58,59],{},"The Pacs.008 message comprises of 3 blocks:",[61,62,63,67,70],"ul",{},[64,65,66],"li",{},"GroupHeader - contain all the common characteristics of all transactions contained within the Pacs.008.",[64,68,69],{},"CreditTransferTransactionInformation - set of elements providing information specific to the individual credit transfer(s).",[64,71,72],{},"SupplementaryData - contains additional information that cannot be captured in CreditTransferTransactionInformation or GroupHeader blocks.",{"title":74,"searchDepth":75,"depth":75,"links":76},"",2,[77],{"id":55,"depth":75,"text":56},[79,80,81],"iso-20022","iso20022","sepa","2023-02-13","A comprehensive guide to the ISO 20022 Pacs.008 Financial Institution to Financial Institution Customer Credit Transfer message. View XML samples and format details.","md",{},true,"\u002Fblog\u002Foutput\u002Fposts\u002F2023-02-13-pacs-008-message",{"title":5,"description":83},"blog\u002Foutput\u002Fposts\u002F2023-02-13-pacs-008-message\u002Findex",null,"KKlReKjfnAPNadSmtcQtEAa37TXJX-gr4Ef1Q9Hl5vM",1779461565913]