REMADV (Remittance Advice)
The REMADV message is a communication between trading partners, e.g. seller, buyer, financial institutions, which provides a detailed accounting relative to a payment, or other form of financial settlement, for the provision of goods and/or services as detailed in the advice.
General usage
- A Remittance Advice is a notice of a payment to be made.
- A Remittance Advice may cover one or more commercial trade transactions (and related financial transactions), such as invoices, credit notes, debit notes, etc.
- A Remittance Advice may include a cross reference to a Payment Order.