Contents: Glossary A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A Top Account Reconciliation Plan (ARP) Accrued Dividends Month to Date ACH Addenda Advance Today Automated Clearing House (ACH) ARP Statement The ARP statement and optional reports help automate one or more steps you perform when reconciling your company's bank account. The ARP statement and reports provide detailed disbursement and deposit information in a number of different ways so that you can easily identify and group transactions. (For sweep accounts.) Total dividends earned as of the last day of the statement period. See Automated Clearing House For ACH transactions, records used to provide supplemental information for a transaction or return item. (For line of credit.) Amount advanced today. A system used to transfer funds electronically between the accounts of businesses and individuals or businesses and businesses. ACH automates common transactions such as depositing payroll checks, paying bills, making purchases, and transferring funds. It replaces the slower and more cumbersome paper based system of checks, drafts, deposit and withdrawal slips, and other forms of money transfers. The ARP (Account Reconciliation Plan) statement is used to reconcile activity for your company's bank account. An ARP statement is produced for each ARP statement cycle. Your company specifies the cycle to use and other options when you are set up for the ARP service. For a description of the ARP statement sections and optional ARP reports, see About ARP Statements and Reports. Average Daily Ledger Average of all balance fields. B Top Back Value Adjustment to Opening Available Back Value Adjustment to Opening Ledger BAI Type Codes Any adjustment made to the opening available amount as a result of adjustments in float. Any adjustment made to the opening ledger amount as a result of adjustments in float. Three digit Bank Administration Institute (BAI) type code. It identifies the type of data being reported. See CEO Customer Care for the complete BAI Type https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 1/10
Bank ID Bank Ref Codes table. Number that identifies the bank. For domestic (US) banks, this is the routing/transit number of the bank. For international banks, this is the SWIFT ID. Internal number assigned by the bank. Beginning Ledger Ledger balance as of the beginning of the day. C Top CCD/CCD+ ACH Standard Entry Class codes used for Cash Concentration or Disbursement transactions. CCY Chargeback Check Digit CIE Closing Collected Closing Ledger Company ID Contested/Corrected Dishonored Return CTX Current Available CCD is used for transactions to disburse or consolidate funds. Entries are usually high dollar, low volume, and time critical, settling in 24 hours. CCD+ transactions have an addenda record attached which transmits information usually contained in invoices. CCD+ is designed to meet standards developed for Electronic Data Interchange (EDI) systems. Code identifying the currency for transactions, such as USD for US Dollars. A credit issued to reverse a debit which was made erroneously or could not be processed. The final digit of a number that verifies the validity of the preceding digits. The ninth digit of a financial institution's routing/transit number, for example, is a check digit used to verify that the first eight digits were entered correctly. Some financial institutions also calculate check digits for their account numbers. ACH Standard Entry Class code for Customer Initiated Entries. A consumer ACH entry used for credit entries. Intended for home banking via computer (not widely used). Funds without any float assigned as of the end of the day. Ledger balance as of the end of the prior business day. Identification number of the originating company for ACH transactions. A secondary ACH exception that occurs when the RDFI does not accept a dishonored return or resubmits a corrected return. ACH Standard Entry Class code used for Corporate Trade Exchange. Designed to meet standards developed for Electronic Data Interchange (EDI) systems. Account balance that is currently available. Calculated as the sum of the opening available balance, electronic credits, and zero day float minus debits. https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 2/10
Current Ledger Cust Ref Account ledger balance that is currently available. Calculated as the sum of the opening ledger balance plus today's credits minus today's debits. Number identifying your company. D Top DDA Delete Discretionary Data Dishonored Return Demand deposit account. This is a Wells Fargo checking account. For ACH transactions that your company originates, an exception that your company initiates when you discover an error in an entry before Wells Fargo has distributed the item to the ACH system. For ACH transactions, optional information included to identify a transaction. A secondary ACH exception that occurs when the ODFI or originating company does not accept a returned item. For transactions that you originate, dishonored returns are usually generated automatically for you by Wells Fargo. For example, Wells Fargo automatically generates a dishonored return if the return is a duplicate of a previous return or if the trancode in the return does not match the trancode in the original item. You can also request a dishonored return if your company decides that the receiving bank was in error when it returned the original entry. Disposition Dividends Paid Dividends Year to Date Code identifying the disposition of a returned item, such as a redeposit or chargeback. (For sweep accounts.) Dividends paid to your account. (For sweep accounts.) Dividends earned in the fund in which you are currently invested for the current calendar year as of the last day of the current statement period. E Top Electronic Data Interchange (EDI) Effective Date Ending Ledger Entry Class Exception The inter company electronic transmission of data (nonfinancial EDI) and/or money (financial EDI) in standard ANSI format. EDI provides a vehicle for the electronic movement of business data in a standard format from one company's system (such as an order entry, purchasing, or billing system) to another company's system. Settlement date of the transaction (the date when an account is credited or debited for the transaction). Ledger balance after all credits and debits have been applied to the account. See Standard Entry Class (SEC) Code. An ACH entry that requires special processing. Exceptions may be caused by anything from a typographical error when creating an ACH file to a lack of sufficient funds in a receiver's account at the time of https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 3/10
settlement. Types of exceptions include a delete, reversal, reject, return, and notification of change (NOC). A secondary exception occurs when your response to an exception involves the RDFI a second time. Secondary exceptions include a redeposit, dishonored return, contested/corrected dishonored return, and refused NOC. F Top File ID Float Identification number assigned to an ACH origination file when transmitted to the Bank by your company. The time when funds from a credit transfer are made available to the account holder. Float is typically shown in the following categories: Zero day float Amount of the transaction that is immediately available. One day float Amount of the transaction that will be available in one business day. Two+ day float Amount of the transaction that will be available in two or more business days. Full ARP Fund Yield Funds Pending Inv/Red An Account Reconciliation Plan that helps automate one or more steps you perform when reconciling your company's bank account. With Full ARP, you send check issue information to the Bank. You then receive reports on your account activity, including discrepancies between the check issue information and the actual check activity. See also Partial ARP. (For sweep accounts.) Daily dividend factor on a given date. (For sweep accounts.) Amount of the fund purchase or redemption that was debited from or credited to a checking account on the last day of the current statement period. H Top High Order Reference Number Number used to group or subtotal information on the Controlled Disbursement Detail report, such as a location number. The high order reference number is a subset of the reference number. For example, if the first three characters of the reference number are used as the high order reference number and the reference number is 9993778826, then the high order reference number is 999. I Top Individual ID Individual Name For ACH transactions, the code or number identifying the receiver of the transaction. For ACH transactions, the name of the receiver of the transaction. Issue Notice Not Received (INNR) A check that was paid with no record of issuance at the Bank. If an issue notice is received for the INNR in a subsequent period, it becomes a Prior Pay. https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 4/10
Item A single debit or credit transaction. Also called an entry. L Top Last Month's Dividends (For sweep accounts.) Total dividends earned for the prior month. M Top Maker MICR MICR Split Processing MTD Average Closing Collected MTD Average Closing Ledger The person, company, or organization that issued a check. Magnetic Ink Character Recognition, a machinereadable format for including account numbers, bank IDs, and other information on checks and other financial documents. A check, for example, includes a MICR line at the bottom of the check. A Wells Fargo service which allows you to include a debit transaction in your ACH file even though the receiving depository financial institution (RDFI) is not part of the ACH system. With MICRSplit Processing, Wells Fargo determines which entries cannot go through the ACH system and creates a pre authorized check (PAC) for each transaction. Month do date funds that are without any assigned float. Month to date average ledger balance. N Top NACHA New Outstanding New Unused Loan Amount Notification of Change (NOC) NSF National Automated Clearing House Association, the national organization that establishes standards, rules, and procedures to enable ACH members to conduct automated transactions via the ACH system. (For line of credit.) New outstanding balance after payments or advances. (For line of credit.) Credit available after payments or advances. An ACH exception that occurs when an RDFI can identify an error, correct it, and process the entry (for example, when an account number is incorrect but the receiver can be identified). The RDFI sends you the NOC so that you can correct future entries. Non sufficient funds. Usually refers to a check that was returned because the maker's account balance was lower than the amount of the check. O Top Obligation Number Off Cycle Optional Reports (For line of credit.) Number identifying the loan. See Optional ARP Reports. Optional ARP Reports If your company subscribes to optional ARP reports, these reports are produced for each ARP statement https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 5/10
On Us One Day Float Opening Available Originating Company Originating Depository Financial Institution (ODFI) cycle. Off cycle optional reports have the same information but use a different cycle than the regular ARP statement cycle. For example, if your regular ARP statement cycle is once a month, your company might request off cycle reports once a week. For a description of the available optional ARP reports, see About ARP Statements and Reports. Transactions that move funds from one Wells Fargo account to another. Amount of the transaction that will be available in one business day. See Float. Amount available at the beginning of the day. The company that originates (creates) ACH transactions. The bank or other financial institution that processed an ACH transaction for the originating company. The originating company submits ACH transactions to the ODFI, and the ODFI then processes them and distributes them to the ACH system. If you originate ACH transactions, Wells Fargo is your ODFI. P Top Partial ARP Payment Today Pending Invest Position PDF Portable Document Format (PDF) POP Positive Pay PPD An Account Reconciliation Plan that helps automate one or more steps you perform when reconciling your company's bank account. With Partial ARP, you receive account activity reports but you do not send check issue information to the Bank. See also Full ARP. (For line of credit.) Amount paid today. (For sweep accounts.) Funds that are available for investment. See Portable Document Format To view and download reports in PDF formats, you need a minimum of Adobe Acrobat Reader version 4 installed on your computer. PDF files are viewed with Acrobat Reader, which can be downloaded from the Adobe site for free. ACH Standard Entry Class code for Point of Purchase entries. Used by merchants and billers as a method of payment for the in person purchase of goods or services by consumers. An option available with Account Reconciliation Plans that helps reduce the risk of check fraud. Using Positive Pay as part of your company's check fraud reduction program helps you detect fraudulent checks as they clear your account and helps your company meet its obligations under Uniform Commercial Code (UCC) Sections 3 and 4. ACH Standard Entry Class code for Prearranged https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 6/10
Prenotification (Prenote) Previous Day Outstanding Payment and Deposit entries. Used for debit and credit entries authorized by a consumer account holder, and usually initiated by a company. These are usually recurring credits (such as payroll) or debits (such as insurance premiums). An optional part of the process of setting up a new ACH receiver which allows you to "test" a transaction. It is identical to a normal entry and is processed like oneexcept that the credit or debit amount is zero dollars and the transaction code field identifies the entry as a prenote. Prenotes can only be used for certain types of transactions. (For line of credit.) Line of credit balance as of the previous business day. Prior Payment Processing Date Processing Site An INNR in a previous ARP statement period for which the issue notice has been received in the current period. The date on which Wells Fargo processes a transaction file. The processing date is one or more days before the file's effective entry date. For cash letter reports, the site where a transaction was processed (example: Fremont, Texas). If the processing site is not available, the report includes the bank ID number. R Top RCK Reason Code Receiver Receiving Depository Financial Institution (RDFI) Redeposit ACH Standard Entry Class code used for Re presented Check entries. Used after a check has been processed and returned because of insufficient or uncollected funds. This method of re presentment provides increased efficiency and lower cost compared to the check collection process. A two digit code included on the ACH Return/NOC report which indicates the reason why an ACH transaction was returned or a notification of change (NOC) was generated. A description of the return reason is included with each reason code. The company or person who receives an ACH transaction submitted by the originating company. For ACH transactions that your company originates, the receiver may be an employee, customer, another company, or a branch of your own company. The bank or other financial institution where the receiver of an ACH transaction has an account that is credited or debited as specified in the transaction instructions submitted by the originating company. For ACH transactions that you receive, Wells Fargo is your RDFI. An item submitted for processing again after it has been returned. This usually occurs when an item is returned due to insufficient funds, and you submit a redeposit on the assumption that the account balance has changed in the meantime. If your company originates ACH transactions, this is a secondary ACH exception that https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 7/10
Refused NOC Reject Return Reversal Rich Text Format (RTF) Routing/Transit Number R/T #, RTN occurs when you reprocess an entry. A secondary ACH exception that occurs when the originator or ODFI determines that an Notification of Change (NOC) doesn't meet NACHA format requirements or is in error. An ACH exception that occurs when the ODFI is unable to process an item due to formatting errors, such as an invalid routing/transit number or incorrect ACH format. Rejects are fairly rare. For ACH transactions, an exception that occurs when the ACH system or RDFI cannot process an item or a receiver returns an item because it is not authorized. Returns may result from a variety of causes. For ACH transactions that your company originates, an exception that your company initiates when you discover an error in an entry after Wells Fargo has distributed the item to the ACH system. This is one of the format options for downloading images and item details. See also PDF. A nine digit number identifying a US bank or other financial institution. The first eight digits are the routing/transit number of the financial institution, and the last digit is a check digit. See Routing/Transit Number. RTF See Rich Text Format. S Top SEC Yield (7 day Average) Settlement Settlement Date Settlement Type Shares Purchased (Credit) Shares Redeemed (Debit) Standard Entry Class (SEC) Code Sweep Ending (For sweep accounts.) Seven day simple yield. The transfer of funds for a transaction and the crediting or debiting of all accounts involved. An item that is returned goes through two settlements: one for the original transaction and one for the return. The date when funds are transferred for a transaction and all accounts are credited or debited. Type of settlement (such as origination, reject, delete, reversal, or MICR split). (For sweep accounts.) Total dollar amount of purchased shares. (For sweep accounts.) Total dollar amount of redeemed shares. A three character code used for ACH transactions to identify the type of transaction. While most ACH entries are consumer payments or credits using the PPD (Prearranged Payment or Deposit) code, there are many other SEC codes. (For sweep accounts.) Investment balance as of the end of the day on the last day of the current statement period. https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 8/10
SWIFT ID International bank identification code used for international payments. SWIFT IDs are set by the Society for Worldwide International Financial Telecommunications. T Top Trace Number Tran Type Transaction Code (Trancode) Transaction Group Transaction Type Two+ Day Float A unique number assigned to a transaction. Trace numbers can be helpful when researching an item. See Transaction Type A three digit code that identifies general information about a transaction. A transaction code can identify whether the transaction is a credit or debit, the type of transaction (check, ACH transaction, or wire), and the type of account being credited or debited (such as checking, savings, or loan account). Bank Administration Institute (BAI) type codes are used to identify the type of data being reported. Related transactions that are grouped together for reporting purposes. Individual transactions are assigned a transaction type, and related transaction types are assigned to a transaction group. For example, the ACH Credits transaction group includes ACH Credits, ACH Concentration Credits, ACH Settlements, and other ACH credit transaction types. Bank Administration Institute (BAI) type codes are used to identify the type of data being reported. Description assigned to each transaction reported for an account. Related transaction types are assigned to a transaction group. ACH Concentration Credit, Commercial Deposit, and Check Paid are examples of transaction types. Bank Administration Institute (BAI) type codes are used to identify the type of data being reported. Amount of the transaction that will be available in two or more business days. See Float. U Top Unused Line Availability (For line of credit.) Amount of credit that is available. V Top Value Date For controlled disbursement reports, the date an item was processed. W Top WEB Wells Ref Wire Ref ACH Standard Entry Class Code for Internet initiated ACH transactions. Designed to identify consumer ACH debit transactions initiated via the Internet. Number assigned by Wells Fargo to identify a wire. Also known as the wire sequence number. Reference number for Fedwire and SWIFT. Also known as the Federal reference number. Z Top https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 9/10
Zero Day Float Amount of the transaction that is immediately available. See Float. Contents Print Close Window Copyright 2002 Wells Fargo. All rights reserved. https://wellsoffice.wellsfargo.com/ceo_public/product_demos/treasury_information/tools/help/glossary.html 10/10