SWIFT ISO 20022 - Message description - Create Standing Order (camt.102.001)
Description
Scope
The CreateStandingOrder message is sent by a member to the transaction administrator.
It is used to create a permanent order for the transfer of funds between two accounts belonging to the same member and being held at the transaction administrator.
Usage
Based on the criteria defined in the CreateStandingOrder message, the transaction administrator will execute or reject the requested creation and respond with a Receipt message as a reply to the request.
XML tag
CretStgOrdr