BUS

Business Function. The EDIFACT segment that qualifies the commercial or banking nature of a transaction.

Definition

The BUS (Business Function) segment states the economic nature of a transaction in coded form: business classification (UNCL 3279), transaction code (UNCL 3499), payment instrument code. It directs back-office processing, particularly for banking operations.

Origin

BUS is defined by UN/CEFACT in the UNTDID. It is found in EDIFACT financial messages such as PAYMUL and FINPAY where the exact nature of the flow conditions downstream handling.

Example in context

BUS+++F:25+CR'

Here, F qualifies the business function (Financial), 25 codes the transaction, CR states the payment instrument (Credit).

Related terms

• MOA — segment carrying the transaction amount.
• FII — segment detailing the bank account.
• UNTDID — the UN/CEFACT repository.