Master the SEC Code Chart

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?

ATX (A) Signup and view all the answers

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

Debit Single Entry Consumer or Non-Consumer (C) Signup and view all the answers

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

Credit or Debit Single Entry or Recurring Entry Non-Consumer (B) Signup and view all the answers

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

Credit Single Entry Consumer Originated (D) Signup and view all the answers

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

COR (C) Signup and view all the answers

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

Credit or Debit Single Entry or Recurring Entry Non-Consumer (A) Signup and view all the answers

What does the SEC code BOC stand for?

Back Office Conversion Entry (D) Signup and view all the answers

What does the SEC code CIE stand for?

Customer Initiated Entry (D) Signup and view all the answers

What does the SEC code ARC stand for?

Accounts Receivable Entry (C) Signup and view all the answers

What does the SEC Code ACK stand for?

ACH Payment Acknowledge (A) Signup and view all the answers

What is the purpose of the SEC Code ADV?

To provide accounting information regarding an entry to participating DFIs (B) Signup and view all the answers

What type of entry does the SEC Code ARC identify?

Single entry debit based on an eligible source document (D) 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?

CTX (D) Signup and view all the answers

What type of entry does the SEC Code CIE identify?

Credit entry initiated by or on behalf of the holder of a consumer account (C) Signup and view all the answers

What is the purpose of the SEC Code COR?

To transmit non-monetary entry to identify incorrect information contained within an entry (B) Signup and view all the answers

What is the purpose of the SEC Code CTX?

To transfer funds to or from an account of an organization or another organization (B) Signup and view all the answers

What type of entry does the SEC Code BOC identify?

Single entry debit based on an eligible source document (B) 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?

ATX (A) Signup and view all the answers

Which type of entry does the SEC Code CCD identify?

Credit or debit entry initiated by an organization (B) Signup and view all the answers

What is the purpose of the SEC Code ARC?

To initiate a single entry debit based on an eligible source document (D) Signup and view all the answers

Which type of entry does the SEC Code CIE identify?

Non-monetary entry transmitted to identify incorrect information contained within an entry (D) Signup and view all the answers