File Format Flashcards

1
Q

Which Record contains the file creation time and date?

A

File Header Record

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2
Q

Which Record contains the Service Class Code and what does it identify?

A

Company Batch Header Record, whether the batch contains just credits, just debits, or both.

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3
Q

In what format is the Settlement Date?

A

Julian date

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4
Q

Which Participant assigns the Settlement Date?

A

ACH Operator

(Originator Assigns the Effective Date)

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5
Q

What is the largest dollar amount a single ACH transaction can be?

A

$99,999,999.99

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6
Q

How many characters of payment related information are allowed for in the Addenda Record of CCD and CTX transactions?

A

80

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7
Q

How many characters (spaces) is the Trace Number field and which participant does it identify?

A

15, ODFI in the first 8 characters

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8
Q

What fields, if contained in the POS Addenda Record, are the RDFI required to pass to the Receiver?

A

Terminal ID
Terminal City
Terminal State
Terminal Location

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9
Q

How many characters are contained in each ACH File Record?

A

94

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10
Q

Explain the difference between Addenda Record Indicator and Addenda Type Code

A

Addenda Record Indicator identifies whether or not the Entry contains addenda and the Addenda Type Code indicates point of sale, remittance data, change or return information

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11
Q

Which Record contains the Company Name, Company ID, Standard Entry Class Code and Effective Entry Date?

A

Company Batch Header Record

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12
Q

What is the Entry Hash and in which Record(s) is it contained?

A

summation of the routing and transit numbers in the batch or file, Batch Control and File Control Records

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13
Q

In what file record will the Entry/Addenda Count be found?

A

Batch Control File

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14
Q

In an IAT Entry, what is the maximum number of Addenda Records used for Remittance?

A

2

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15
Q

In an IAT Entry, what is the maximum number of Addenda Records used for Foreign Correspondent Bank information?

A

5

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16
Q

When an IAT Entry has both Remittance information and Foreign Correspondent Bank information, what is the maximum number of Addend Records to be used for each?

A

2 max for Remittance, 3 for Foreign Correspondent Bank Info

17
Q

In what record of an IAT Entry are the OFAC Screening Indicators found? What are they?

A

IAT Entry Detail Record, 0 – No blocked Party 1 = Potential Blocked Party

18
Q

What is the purpose of the Originator Status Code? In what ACH Record is it found?

A

Identifies a Government or non-Government Batch of Entries, Batch Header Record

19
Q

Which SEC Code requires a unique Batch Header Record?

A

IAT