Cash Letters

Question 1

Group of negotiable instruments?

Answer 1

Cash Letter

Question 2

What standard mirrors the paper environment of a cash letter?

Answer 2

X9.100-187

Question 3

20 series records are for what?

Answer 3

Forward image exchange

Question 4

30-series records are for what?

Answer 4

Return image exchange.

Question 5

What four records are mandatory?
(In order)

Answer 5

01-File header
10-Cash letter Header
90-Cash letter Control
99-File control

Question 6

First record of file containing origin/destination routing numbers and names, also creation date and time?

Answer 6

File Header Record 01

Question 7

Last record of file that contains control information like cash letter count, item count, and total amount.

Answer 7

File Control Record 99

Question 8

What is the first record of a cash letter record?

Answer 8

Cash Letter Header Record 10

Question 9

What is contained in a Cash Letter Header Record 10?

Answer 9

-Destination and ECE institution routing number
-Various dates and time
-Code to indicate either: 01 forward cash letter or 03 return cash letter
-Type of return

Question 10

What is contained in a cash letter control record?

Answer 10

-Bundle total
-item count
-total amount

Question 11

In a forward presentment record what records are mandatory?

Answer 11

-Bundle header 20
-Check detail 25-contains check MICR data
-Bundle control 70

Question 12

In a forward presentment record hierarchy, what records will each check item have?

Answer 12

Check detail record 26-return location

Check detail record 28-each subsequent endorser

Question 13

In a forward presentment record hierarchy, what records will be included with each image view?

Answer 13

Image view detail 50/52-front/back of check (images)

Image view data 50/52- front/back of check (information)

Question 14

First record of a bundle?

Answer 14

Bundle header record 20

Question 15

What is contained in the bundle header record?

Answer 15

-destination institution routing #
-various dates
-bundle ID & sequence #
-cycle #
-code indicating forward or return items
-not mixed in same cash letter

Question 16

What is the bundle control record and what is contained in it?

Answer 16

Closing record

-item count
-total amount
-images within bundle count
(Typically 300 items)

Question 17

What is included in a check detail record 25?

Answer 17

-micr info from original check
-item sequence # (truncating FI)
-for business checks:aux on us field

(For each check containing in bundle)

Question 18

Forward item code is?

Answer 18

01

Question 19

Return item code is what?

Answer 19

03

Question 20

What is included in the detail addendum A record (26)?

(Endorsement record)

Answer 20

-identifies/provides information on return location

Question 21

When is a check detail addendum record A required? (Type 26)

Answer 21

When an FI truncated the original physical check.

Question 22

When is a check detail addendum C record (type 28) required?

Answer 22

When an FI other than the BOFD truncates original check item.

Question 23

What is the 2 purposes for a check detail addendum C record? (Type 28)

Answer 23

-carry return reason from prior 35 return record (represented item)

• for subsequent endorsement information for each endorsing institution (required for IRD creation)

Question 24

What is contained in a check detail addendum C record? (Type 28)

Answer 24

-institution that truncated the original check
-defines bank’s role in collection process
-Carries return reason (on represented item)

Question 25

Return records are also known as what?

Answer 25

Flipping Records

Question 26

What kind of records are mandatory records in the return record hierarchy?

Answer 26

-Bundle header 20
-Return detail record 31
-bundle control 70

Question 27

What records will be included with each return item detail record?

Answer 27

-return detail addendum A 32
-return detail addendum B 33
-return detail addendum D 35
-2 pairs of 50/52 image detail record and image data record