24 Questions
What is the SEC code for an ACH payment acknowledgement?
ACK
Which SEC code is used to provide accounting information regarding an Entry to Participating DFIs in machine-readable format?
ADV
What type of entry is identified by the SEC code ARC?
Debit Single Entry Consumer or Non-Consumer
What is the SEC code for a financial EDI acknowledgement?
ATX
What type of entry is identified by the SEC code BOC?
Debit Single Entry Consumer or Non-Consumer
What type of entry is identified by the SEC code CCD?
Credit or Debit Single Entry or Recurring Entry Non-Consumer
What type of entry is identified by the SEC code CIE?
Credit Single Entry Consumer Originated
What is the SEC code for a notification of change or refused notification of change?
COR
What type of entry is identified by the SEC code CTX?
Credit or Debit Single Entry or Recurring Entry Non-Consumer
What does the SEC code BOC stand for?
Back Office Conversion Entry
What does the SEC code CIE stand for?
Customer Initiated Entry
What does the SEC code ARC stand for?
Accounts Receivable Entry
What does the SEC Code ACK stand for?
ACH Payment Acknowledge
What is the purpose of the SEC Code ADV?
To provide accounting information regarding an entry to participating DFIs
What type of entry does the SEC Code ARC identify?
Single entry debit based on an eligible source document
Which SEC Code is used to transfer funds to or from an account of an organization or another organization?
CTX
What type of entry does the SEC Code CIE identify?
Credit entry initiated by or on behalf of the holder of a consumer account
What is the purpose of the SEC Code COR?
To transmit non-monetary entry to identify incorrect information contained within an entry
What is the purpose of the SEC Code CTX?
To transfer funds to or from an account of an organization or another organization
What type of entry does the SEC Code BOC identify?
Single entry debit based on an eligible source document
Which SEC Code is used to identify a non-monetary entry transmitted by an RDFI to provide an acknowledgment of receipt by the RDFI of a corporate credit payment originated using the CTX format?
ATX
Which type of entry does the SEC Code CCD identify?
Credit or debit entry initiated by an organization
What is the purpose of the SEC Code ARC?
To initiate a single entry debit based on an eligible source document
Which type of entry does the SEC Code CIE identify?
Non-monetary entry transmitted to identify incorrect information contained within an entry
Test your knowledge on SEC Code Chart with this informative quiz! Learn about the different SEC codes, including their names, monetary/non-monetary status, credit/debit designation, and consumer/non-consumer classification. Challenge yourself to understand the SEC Code Definition and identify the purpose of codes like ACK, ADV, and more. Sharpen your understanding of ACH payments and take your financial knowledge to the next level with this SEC Code Chart quiz.
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