File Format Exercise

Question 1

Which Record contains the file creation time and date?

Answer 1

File Header Record

Question 2

Which Record contains the Service Class Code and what does it identify?

Answer 2

The Service Class Code is found in the Company Batch Header Record. It identifies whether the batch contains just credits, just debits, or both.

Question 3

In what format is the Settlement Date?

Answer 3

Julian Date

Question 4

Which Participant assigns the Settlement Date?

Answer 4

ACH Operator

Question 5

What is the largest dollar amount a single ACH transaction can be?

Answer 5

$99,999,999.99

Question 6

How many characters of payment related information are allowed for in the Addenda Record of CCD and CTX transactions?

Answer 6

80 characters

Question 7

How many characters is the Trace Number field and which participant does it identify?

Answer 7

15 characters and identifies the ODFI in the first 8 characters

Question 8

What fields, if contained in the POS Addenda Record, are the RDFI required to pass to the Receiver?

Answer 8

Identification of the Terminal, Terminal Location, Terminal City Terminal State

Question 9

How many characters are contained in each ACH File Record?

Answer 9

94

Question 10

Explain the difference between Addenda Record Indicator and Addenda Type Code.

Answer 10

Addenda Record Indicator identifies whether or not the Entry contains addenda, and the Addenda Type Code indicates point of sale, remittance data, change or return information.

Question 11

Which Record contains the Company Name, Company ID, Standard Entry Class Code and Effective Entry Date?

Answer 11

Company Batch Header Record

Question 12

What is the Entry Hash and in which Record(s) is it contained?

Answer 12

The Entry Hash is a summation of the routing and transit numbers in the batch or file. It is found in the Batch Control and File Control Records.

Question 13

If a batch contains 50 credit transactions, 25 debit transactions, and 25 Addenda Records, what will be the Entry Addenda Count?

Answer 13

100

Question 14

In what file record will it be found?

Answer 14

Batch Control Record

Question 15

In an IAT transaction, what is the maximum number of Addenda Records used for Remittance?

Answer 15

2

Question 16

In an IAT transaction, what is the maximum number of Addenda Records used for Foreign Correspondent Bank information?

Answer 16

5

Question 17

When an IAT transaction has both Remittance information and Foreign Correspondent Bank information, what is the maximum number of Addend Records to be used for each?

Answer 17

2 max for Remittance, 3 for Foreign Correspondent Bank Info. Remittance cannot be deleted in order to add more Foreign Correspondents.

Question 18

In what record of an IAT Entry are the OFAC Screening Indicators found? What are they?

Answer 18

IAT Entry Detail Record, 0: No blocked Party, 1: Potential Blocked Party

Question 19

What is the purpose of the Originator Status Code? In what ACH Record is it found?

Answer 19

Identifies a Government or non-Government Batch of Entries, Found in the Batch Header Record

Question 20

Which SEC Code requires a unique Batch Header Record?

Answer 20

IAT