WFSM Code: Wait For Settlement
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WFSM means wait for settlement in the ISO 20022 service level code set. Transaction is to be treated as an advice and only applied to the account of the creditor or next agent after settlement of the cover has been confirmed.
- Code
- WFSM
- ISO name
- WaitForSettlement
- Status
- Registered
- Last updated
- 2022-11-30
Official definition
Transaction is to be treated as an advice and only applied to the account of the creditor or next agent after settlement of the cover has been confirmed.
Messages and fields that use ExternalServiceLevel1Code
| Message | Element path |
|---|---|
| pacs.002 | TxInfAndSts/OrgnlTxRef/PmtTpInf/SvcLvl/Cd, TxInfAndSts/OrgnlTxRef/MndtRltdInf/CdtTrfMndt/Tp/SvcLvl/Cd |
| pain.002 | OrgnlPmtInfAndSts/TxInfAndSts/OrgnlTxRef/PmtTpInf/SvcLvl/Cd, OrgnlPmtInfAndSts/TxInfAndSts/OrgnlTxRef/MndtRltdInf/CdtTrfMndt/Tp/SvcLvl/Cd |
| pacs.004 | TxInf/PmtTpInf/SvcLvl/Cd, GrpHdr/PmtTpInf/SvcLvl/Cd, TxInf/OrgnlTxRef/PmtTpInf/SvcLvl/Cd, TxInf/OrgnlTxRef/UndrlygFICdtTrf/PmtTpInf/SvcLvl/Cd |
| camt.056 | Undrlyg/TxInf/OrgnlTxRef/PmtTpInf/SvcLvl/Cd, Undrlyg/TxInf/OrgnlTxRef/MndtRltdInf/CdtTrfMndt/Tp/SvcLvl/Cd |
| camt.029 | ModDtls/OrgnlTxRef/PmtTpInf/SvcLvl/Cd, CxlDtls/TxInfAndSts/OrgnlTxRef/PmtTpInf/SvcLvl/Cd, ModDtls/OrgnlTxRef/MndtRltdInf/CdtTrfMndt/Tp/SvcLvl/Cd, CxlDtls/OrgnlPmtInfAndSts/TxInfAndSts/OrgnlTxRef/PmtTpInf/SvcLvl/Cd |
| pacs.008 | GrpHdr/PmtTpInf/SvcLvl/Cd, CdtTrfTxInf/PmtTpInf/SvcLvl/Cd, CdtTrfTxInf/MndtRltdInf/Tp/SvcLvl/Cd |
| pacs.009 | GrpHdr/PmtTpInf/SvcLvl/Cd, CdtTrfTxInf/PmtTpInf/SvcLvl/Cd, CdtTrfTxInf/UndrlygFICdtTrf/PmtTpInf/SvcLvl/Cd, CdtTrfTxInf/UndrlygCstmrCdtTrf/PmtTpInf/SvcLvl/Cd |
| pain.001 | PmtInf/PmtTpInf/SvcLvl/Cd, PmtInf/CdtTrfTxInf/PmtTpInf/SvcLvl/Cd, PmtInf/CdtTrfTxInf/MndtRltdInf/Tp/SvcLvl/Cd |
And 49 more messages: see the ExternalServiceLevel1Code page.
WFSM questions
- What does WFSM mean in ISO 20022?
- WFSM is Wait For Settlement in the ExternalServiceLevel1Code code set: Transaction is to be treated as an advice and only applied to the account of the creditor or next agent after settlement of the cover has been confirmed.
- Where does WFSM appear in a message?
- For example in camt.056, element Undrlyg/TxInf/OrgnlTxRef/PmtTpInf/SvcLvl/Cd.
All ExternalServiceLevel1Code codes · ISO 20022 code sets
The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.