Statement Narratives

You may notice changes in the way payment descriptions appear via your Corporate Online statement. Below are indicative examples of the previous descriptions displayed and how they may appear now. Some payment statement narratives may change overnight so examples are provided for both scenarios if applicable.

See below for a Glossary of statement terms used. Please note that incoming payment data varies from bank to bank so credit narrative is indicative only.

Glossary
*Beneficiary* - Name of person/business the payment has been sent to *Reference* - Reference details sent with payment *Remitter* - Account name of person/business incoming payment received from *Remitter Reference* - Reference provided with incoming payment

Changes to Payment Type descriptions

BACS SINGLE BACS DIRECT (MULTIPLE)

PAYMENT TYPE	PREVIOUS STATEMENT DESCRIPTION	NEW DESCRIPTION	NEW NEXT DAY DESCRIPTION
BACS DEBIT	BACS PAYMENT BENEFICIARY NAME REFERENCE	BENEFICIARY NAME DD REFERENCE	NO CHANGE
EXAMPLE	A N OTHER LTD DD INVOICE 123
BACS CREDIT	REMITTER NAME REMITTER REFERENCE	REMITTING ACCOUNT NAME BGCREMITTER REFERENCE	NO CHANGE
EXAMPLE	XYZ LTD BGCINVOICE123
BACS DIRECT DEBIT	BACS DIRECT REMITTER REF	PAYMENTS BAT 12345 DD REMITTER REFERENCE	NO CHANGE
EXAMPLE	PAYMENTS BAT 12345 DD INVOICE 1234

CHAPS

PAYMENT TYPE	PREVIOUS STATEMENT DESCRIPTION	NEW DESCRIPTION	NEW NEXT DAY DESCRIPTION
CHAPS DEBIT	CP BENEFICIARY NAME REFERENCE	F/FLOW BENEFICIARY NAME	BENEFICIARY NAME F\FLOW TFR
EXAMPLE SAME DAY EXAMPLE NEXT DAY	F/FLOW A N OTHER LTD A N OTHER LTD F\FLOW TFR
CHAPS CREDIT	CP REMITTER NAME REMITTER REFERENCE	F/FLOW REMITTER NAME	F\FLOW REMITTER ACCOUNT NAME TFR
EXAMPLE SAME DAY EXAMPLE NEXT DAY	F/FLOW A N OTHER LTD F\FLOW A N OTHER LTD TFR

INTER ACCOUNT TRANSFERS

PAYMENT TYPE	PREVIOUS STATEMENT DESCRIPTION	NEW DESCRIPTION	NEW NEXT DAY DESCRIPTION
INTER ACCOUNT FUNDS TRANSFER DEBIT	TRANSFER FROM 123456 12345678	TO A/C - 12345678 123456	TRANSFER TFR
EXAMPLE SAME DAY EXAMPLE NEXT DAY	TO A/C - 123456 12345678 TRANSFER TFR
INTER ACCOUNT FUNDS TRANSFER CREDIT	TRANSFER FROM 123456 12345678	FROM A/C 12345678 123456	TRANSFER TFR
EXAMPLE SAME DAY EXAMPLE NEXT DAY	FROM A/C 123456 12345678 TRANSFER TFR

FASTER PAYMENTS

PAYMENT TYPE	PREVIOUS STATEMENT DESCRIPTION	NEW DESCRIPTION	NEW NEXT DAY DESCRIPTION
FASTER PAYMENTS DEBIT	BENEFICIARY NAME REFERENCE	FPD/123456789123456789 123456 (REMITTING ACCOUNT SORT CODE) 10 BENEFICIARY ACCOUNT NAME	BENEFICIARY ACCOUNT NAME 123456789123456789 (SYSTEM REFERENCE)
EXAMPLE SAME DAY EXAMPLE NEXT DAY	FPD/12345678912345678 123456 10 A N OTHER LTD A N OTHER LTD 12345678912345678
FASTER PAYMENTS CREDIT	REMITTERS NAME REMITTERS REFERENCE	FPC/ 123456789123456789 123456 10 REMITTERS ACCOUNT NAME	REMITTING ACOUNT NAME REMITTER REFERENCE
EXAMPLE SAME DAY EXAMPLE NEXT DAY	FPC/123456789123456789 123456 10 XYZ LTD INVOICE 123 XYZ LTD INVOICE 123

INTERNATIONAL PAYMENTS - DEBITING AND CREDITING STERLING ACCOUNTS

PAYMENT TYPE	PREVIOUS STATEMENT DESCRIPTION	NEW DESCRIPTION	NEW NEXT DAY DESCRIPTION
INTERNATIONAL PAYMENTS DEBIT	REMITTER REFERENCE TRN123456789	FT123456789123 REFERENCE/123456 (BENEFICIARY ACCOUNT NUMBER) USD 1500.00 (CURRENCY AND VALUE OF PAYMENT 1.6117 (EXCHANGE RATE USED)	FT123456789123 FOREIGN CURRENCY OF PAYMENT
EXAMPLE SAME DAY EXAMPLE NEXT DAY	FT123456789123 EURO INVOICE / 12345678 USD 1500.00 1.630 FT123456789123 FOREIGN USD
INTERNATIONAL PAYMENT CREDIT - INDICATIVE	REMITTER A/C NAME TRN REFERENCE	002 10 AUG 2011 (DATE PAYMENT RECEIVED) GBP 1500.00 (VALUE OF PAYMENT) 1.1206 (EXCHANGE RATE USED)	CCY PURCHASE FT12345678912345 O/O XYZ LTD
EXAMPLE SAME DAY EXAMPLE NEXT DAY	002 10 AUG 2011 GBP 1500.00 1.1206 CCY PURCHASE FT12345678912345 O/O XYZ LTD
INTERNATIONAL PAYMENT LIVE RATE DEBIT	BENEFICIARY A/C NAME TRN REFERENCE	FT123456789123 REFERENCE /123456 (BENEFICIARY ACCOUNT NUMBER) USD 1500.00 (CURRENCY AND VALUE OF PAYMENT 1.6117 (EXCHANGE RATE USED)	FT123456789123 FOREIGNCURRENCY OF PAYMENT
EXAMPLE SAME DAY EXAMPLE NEXT DAY	FT123456789123 / XYZ LTD USD 1500.00 1.630 FT123456789123 FOREIGN USD

INTERNATIONAL PAYMENTS - DEBITING AND CREDITING CURRENCY ACCOUNTS

PAYMENT TYPE	PREVIOUS STATEMENT DESCRIPTION	NEW DESCRIPTION	NEW NEXT DAY DESCRIPTION
INTERNATIONAL PAYMENTS LIVE RATE DEBIT	EUR 01 TRN U123456789	INVOICE 123 (REFERENCE) FT1234567890123	NO CHANGE
EXAMPLE	PARIS OFFICE FT12345678901234
INTERNATIONAL PAYMENTS DEBIT	EUR 01 TRN U123456789	INVOICE 123 (REFERENCE FT1234567890123	NO CHANGE
EXAMPLE	PARIS OFFICE FT12345678901234
INTERNATIONAL PAYMENTS CREDIT	URB123456789 A N OTHER LTD INVOICE 1234	002 DATE CURRENCY AND VALUE OF CREDIT EXCHANGE RATE USED	CCY PURCHASE FT123456789123 O/O ACCOUNT NAME
EXAMPLE SAME DAY EXAMPLE NEXT DAY	002 12 AUG 11 USD 5000.00 1.51 CCY PURCHASE FT12345678901234 O/O A N OTHER LTD

CURRENCY INTER ACCOUNT TRANSFERS

PAYMENT TYPE	PREVIOUS STATEMENT DESCRIPTION	NEW DESCRIPTION	NEW NEXT DAY DESCRIPTION
CURRENCY INTER ACCOUNT TRANSFER DEBIT	URB123456789123 INTER A/C TRANSFER. XYZ LTD	002 22 JUN 2011 (DATE TRANSFER MADE) USD 6000.00 (VALUE OF TRANSFER) 1.4737 (EXCHANGE RATE USED)	INTER A/C TRANSFER FT12345678901234 ACCOUNT NAME
EXAMPLE SAME DAY EXAMPLE NEXT DAY	002 22 JUN 2011 USD 6000.00 1.4737 INTER A/C TRANSFER FT12345678901234 XYZ LTD
CURRENCY INTER ACCOUNT TRANSFER CREDIT	URB123456789123. URB123456789123. TEST ACCOUNT	FT12345678912345 INVOICE 123 (REMITTING A/C REFERENCE) /00000012345678 (BENEFICIARY A/C NUMBER) EUR 4000.00 (VALUE OF TRANSFER)1.4737 (EXCHANGE RATE USED	INTERNAL TRANSFER FT12345678901234 O/O ACCOUNT NAME
EXAMPLE SAME DAY EXAMPLE NEXT DAY	FT12345678912345 INVOICE 123/00000012345678 EUR 4000.00 1.4737M INTERNAL TRANSFER FT12345678901234 O/O XYZ LTD