A Multiple interbank funds transfer message is sent between financial institutions to request the transfer of funds in settlement of the referenced business transaction(s).

The FINPAY message may be exchanged directly between financial institutions or through a clearing system.

Depending on the account relationship between the financial institutions, the FINPAY may be used as a payment order and/or as a credit advice.

The FINPAY may also be used for collections, documentary credits, direct debits and other financial institution related transfers.