BAI2 type code 551: Total Credit Reversals
BAI2 type code 551 means Total Credit Reversals. It is a summary code, reported as a total in the 03 (account identifier and summary or status) record, in the Deposited Items Returned group of the BAI Cash Management Balance Reporting Specifications Version 2. It reports a debit.
| Type code | 551 |
| Name | Total Credit Reversals |
| Group | Deposited Items Returned |
| Level | Summary |
| Direction | Debit |
How it appears in a BAI2 file
Status and summary codes appear in the 03 record, after the account number and currency, as type code, amount and (for summary codes) item count and funds type. An example with a made-up account and amount:
03,0123456789,USD,551,1500000,12,Z/
Other codes in the Deposited Items Returned group
The full format: BAI2 file format explained. All codes: BAI2 type code list. The ISO 20022 equivalent: ISO 20022 bank transaction codes.
Where Polynopsis fits
Polynopsis reads bank statement files in BAI2, MT940 and ISO 20022 camt.053, read-only, and puts every bank balance into one live position with payout partner, exchange and stablecoin wallet balances, including money in flight.
Sources
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.
About Polynopsis
Polynopsis is liquidity management software for cross-border payment companies. The name joins poly, many, and synopsis, a seeing together: one live view of money spread across many banks, payout partners, exchanges and stablecoin wallets, including money in flight, with a warning before any corridor runs dry.
Why it is called Polynopsis · About Polynopsis · Glossary · Corridor runway calculator