PaymentScheme

Pre agreed offering between clearing agents or channel through which the payment instruction is to be processed. This payment scheme can point to a specific rulebook governing the rules of clearing and settlement between two parties.

See http://www.openapplications.org/platform/1.

Element information

Content

• Sequence [1..1]
  1. Choice [1..1]
     • PaymentSchemeCode [0..1]    Code indicating the payment scheme that is to be used.
     • ProprietarySchemeText [0..1]    Text descriping the proprietary payment scheme that is to be used.
  2. UserArea [0..1]    Allows the user of OAGIS to extend the specification in order to provide additional information that is not captured in OAGIS.This is done by defining the additional information in XML Schema and referencing the new schema in the xml instance document through the use of namespaces. Once this is done the additional information defined there can be carried in the BOD XML instance document.The Open Applications Group will make best efforts to quickly consider all proposed submissions.The USERAREA is always the last element in all components, except where the component has been extended inline.

Attributes

None

Used in

• Type SettlementPriorityType (Element SettlementPriority)

Sample instance

<PaymentScheme>
   <PaymentSchemeCode>normalizedString</PaymentSchemeCode>
   <UserArea>
      <!--any element-->
   </UserArea>
</PaymentScheme>