The FinancialInvoice message is used to support the provision of financial and related services where there is a requirement to exchange invoice information.
While the prime function of the FinancialInvoice message is as a request from the seller to the buyer for payment, the FinancialInvoice message can also serve to evidence an invoice in support of a financial service such as invoice factoring, letters of credit, and bank payment obligations, to enable Web based services such as electronic bill payment and presentment, and as the basis to transfer invoice information via third parties such as e-invoicing service providers.
A consequence of the receipt of an invoice by the buyer is that it acts as a trigger for the use of related messages that are already defined in ISO 20022, notably where the information contained in the Financial Invoice enables payment for the goods or services received, and/or is provided in support of a request for invoice financing.
The InvoiceAssignmentAcknowledgement message is sent from a trade partner to communicate the status of payment obligations related to financial items.
This message is sent from a factoring service provider or a factoring client to a trade partner to inform about assignments of financing items and, optionally, to an interested party.
The information given to the trade party indicates that property of the payment obligation has been or is being transferred to the financial institution and that payments have to be done between the trade partner and the factoring service provider.
The message indicates whether the notified party is required to acknowledge the notified assignment and to which party an acknowledgement has to be sent.
This message can also be used outside a factoring context directly between a payer and a payee for example as a reminder about a payment obligation or to make an adjustment.
If applicable, the message may reference corresponding items of an InvoiceFinancingRequest or InvoiceFinancingStatus or other related messages and may contain referenced data.
The message can carry digital signatures if required by context.
The InvoiceAssignmentRequest message is sent from a factoring client to a factoring service provider and, optionally, to an interested party.
The message InvoiceAssignmentStatus is sent by a factoring service provider to a factoring client and, optionally, to an interested party as a response to assignments requests.
The factoring service provider returns a copy of items of corresponding requests together with an information about the status of treatment, for example acceptance, rejection or treatment not yet finished.
The InvoiceFinancingCancellationRequest message is sent by the Financing Requestor to the Intermediary Agent (relay scenario) or First Agent (direct scenario).
The InvoiceFinancingRequestStatus message is sent by the First Agent to the Financing Requestor, alternatively through an Intermediary Agent (relay scenario).
The InvoiceFinancingRequest message is sent by Financing Requestor to the Intermediary Agent or First agent.
The message PartyManagementPaymentAcknowledgement is sent from a trade partner to any partner requested through a PartyManagementPaymentAcknowledgemenNotification message to acknowledge the notified factoring service agreement.
The PartyRegistrationAndGuaranteeNotification message is sent by a factoring client or a financial service to a trade partner and, optionally, to an interested party in order to notify the status of a requested financial service agreement.
The message PartyRegistrationAndGuaranteeRequest is sent by a factoring client either to a financial service or a guarantee issuer.
The message PartyRegistrationAndGuaranteeStatus is either sent by a factoring service to a financing client to indicate the status of a factoring service agreement or from a guarantee issuer to a factoring client or a factoring service to indicate the guarantee covering a requested factoring service agreement.
The UndertakingApplication message is sent by the party requesting issuance of the undertaking (applicant or obligor) to the party issuing the undertaking.
This software is licensed under GPL | Copyright 2017, Tools20022, László Bukodi | (Commercial licence also available)