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</p> Signup and view all the answers

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

    <p>Debit Single Entry Consumer or Non-Consumer</p> Signup and view all the answers

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

    <p>Credit or Debit Single Entry or Recurring Entry Non-Consumer</p> Signup and view all the answers

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

    <p>Credit Single Entry Consumer Originated</p> Signup and view all the answers

    What is the SEC code for a notification of change or refused notification of change?

    <p>COR</p> Signup and view all the answers

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

    <p>Credit or Debit Single Entry or Recurring Entry Non-Consumer</p> Signup and view all the answers

    What does the SEC code BOC stand for?

    <p>Back Office Conversion Entry</p> Signup and view all the answers

    What does the SEC code CIE stand for?

    <p>Customer Initiated Entry</p> Signup and view all the answers

    What does the SEC code ARC stand for?

    <p>Accounts Receivable Entry</p> Signup and view all the answers

    What does the SEC Code ACK stand for?

    <p>ACH Payment Acknowledge</p> Signup and view all the answers

    What is the purpose of the SEC Code ADV?

    <p>To provide accounting information regarding an entry to participating DFIs</p> Signup and view all the answers

    What type of entry does the SEC Code ARC identify?

    <p>Single entry debit based on an eligible source document</p> Signup and view all the answers

    Which SEC Code is used to transfer funds to or from an account of an organization or another organization?

    <p>CTX</p> Signup and view all the answers

    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</p> Signup and view all the answers

    What is the purpose of the SEC Code COR?

    <p>To transmit non-monetary entry to identify incorrect information contained within an entry</p> Signup and view all the answers

    What is the purpose of the SEC Code CTX?

    <p>To transfer funds to or from an account of an organization or another organization</p> Signup and view all the answers

    What type of entry does the SEC Code BOC identify?

    <p>Single entry debit based on an eligible source document</p> Signup and view all the answers

    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</p> Signup and view all the answers

    Which type of entry does the SEC Code CCD identify?

    <p>Credit or debit entry initiated by an organization</p> Signup and view all the answers

    What is the purpose of the SEC Code ARC?

    <p>To initiate a single entry debit based on an eligible source document</p> Signup and view all the answers

    Which type of entry does the SEC Code CIE identify?

    <p>Non-monetary entry transmitted to identify incorrect information contained within an entry</p> Signup and view all the answers

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