TS EN 27982-1

TS EN 27982-1 addresses the vocabulary and data elements used in bank telecommunication funds transfer messages. In general technical terms, standards of this kind create a common language for financial messaging so that different systems interpret the same transfer-related information consistently, reducing ambiguity in payment and account-to-account communication.

Why terminology matters in funds transfer messaging

Funds transfer messages typically carry core business data such as the parties involved, the amount, value date, account references, and transaction identifiers. Standardising the terminology and the structure of these data elements helps banks and related systems process messages automatically, compare records reliably, and exchange information with fewer interpretation differences. The title of this document points directly to that role: defining the terms and data elements used for transfer-oriented financial messages.

What this document represents

This listing corresponds to part 1 of the TS EN 27982 series, focused on vocabulary and data elements within bank telecommunication. It is best understood as a reference point for how transfer-message concepts are named and organised rather than as a full procedural specification. The standard has been withdrawn, so users comparing legacy systems with current practice should verify any newer normative references separately.

• Provides common terminology for bank telecommunication.
• Addresses the data elements used in funds transfer messages.
• Supports consistent interpretation across different financial systems.
• Helps structure message content for automated processing and exchange.