Abbreviations
Below you will find the list of abbreviations and terms used in describing the Payments Posting and Validations module.
|
Abbreviation or Term |
Expansion or Description |
|---|---|
|
SML Payments |
An abbreviation in Finnish. It is the real-time payment method used for payments made between the banks of a particular Monetary Financial Institution (MFI) |
|
AOS1 |
Additional Optional Service 1 |
| SEPA | Single European Payments Area |
| FX | Foreign Exchange |
| BIC | Bank Identifier Code |
| IBAN | International Bank Account Number |
| SHA | Cost bearing method: Shared, used when the sender and the recipient want to split the transfer fees |
| OUR | Cost bearing method: The sender covers all transfer charges |
| BEN | Cost bearing method: All the fees are paid by the recipient of the transfer |
| PO | Payment Order |
| STO | Standing Order |
| RF format | International Creditor Reference Number format |
| ERI | Extended Remittance Information |
| CRN | Creditor Reference Number |
| TPH | Temenos Payments Hub |
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