Master the SEC Code Chart

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Questions and Answers

What is the SEC code for an ACH payment acknowledgement?

  • ARC
  • ATX
  • ACK (correct)
  • ADV

Which SEC code is used to provide accounting information regarding an Entry to Participating DFIs in machine-readable format?

  • ADV (correct)
  • ARC
  • ATX
  • ACK

What type of entry is identified by the SEC code ARC?

  • Credit or Debit Single Entry or Recurring Entry Non-Consumer
  • Non-Monetary
  • Credit Single Entry Consumer Originated
  • Debit Single Entry Consumer or Non-Consumer (correct)

What is the SEC code for a financial EDI acknowledgement?

<p>ATX (A)</p>
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What type of entry is identified by the SEC code BOC?

<p>Debit Single Entry Consumer or Non-Consumer (C)</p>
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What type of entry is identified by the SEC code CCD?

<p>Credit or Debit Single Entry or Recurring Entry Non-Consumer (B)</p>
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What type of entry is identified by the SEC code CIE?

<p>Credit Single Entry Consumer Originated (D)</p>
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What is the SEC code for a notification of change or refused notification of change?

<p>COR (C)</p>
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What type of entry is identified by the SEC code CTX?

<p>Credit or Debit Single Entry or Recurring Entry Non-Consumer (A)</p>
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What does the SEC code BOC stand for?

<p>Back Office Conversion Entry (D)</p>
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What does the SEC code CIE stand for?

<p>Customer Initiated Entry (D)</p>
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What does the SEC code ARC stand for?

<p>Accounts Receivable Entry (C)</p>
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What does the SEC Code ACK stand for?

<p>ACH Payment Acknowledge (A)</p>
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What is the purpose of the SEC Code ADV?

<p>To provide accounting information regarding an entry to participating DFIs (B)</p>
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What type of entry does the SEC Code ARC identify?

<p>Single entry debit based on an eligible source document (D)</p>
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Which SEC Code is used to transfer funds to or from an account of an organization or another organization?

<p>CTX (D)</p>
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What type of entry does the SEC Code CIE identify?

<p>Credit entry initiated by or on behalf of the holder of a consumer account (C)</p>
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What is the purpose of the SEC Code COR?

<p>To transmit non-monetary entry to identify incorrect information contained within an entry (B)</p>
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What is the purpose of the SEC Code CTX?

<p>To transfer funds to or from an account of an organization or another organization (B)</p>
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What type of entry does the SEC Code BOC identify?

<p>Single entry debit based on an eligible source document (B)</p>
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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?

<p>ATX (A)</p>
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Which type of entry does the SEC Code CCD identify?

<p>Credit or debit entry initiated by an organization (B)</p>
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What is the purpose of the SEC Code ARC?

<p>To initiate a single entry debit based on an eligible source document (D)</p>
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Which type of entry does the SEC Code CIE identify?

<p>Non-monetary entry transmitted to identify incorrect information contained within an entry (D)</p>
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