Glossary

Updated 17 October 2016

The Committee on Payments and Market Infrastructures (CPMI) provides this glossary of payments and market infrastructure terminology as a reference to the standard terms and definitions used in connection with payment, clearing, settlement and related arrangements. Current definitions are now shown alongside the previous ones. You can generate a PDF version of the glossary here.

payment order (instruction) message

An order or instruction sent by a payer - or, in some systems, a payee - ordering the execution of a payment transaction.

Updated: 16 Jun 2015

Source documents

payment order (instruction) message

An order or instruction sent by a payer - or, in some systems, a payee - ordering the execution of a payment transaction.

Updated: 16 Jun 2015

Source documents

 Additional terms that are not included in the main glossary can be found in the previous version of the glossary.