CAMT054

CAMT054 refers to a specific type of ISO 20022 message, a universal standard for electronic data interchange between financial institutions. Within the ISO 20022 framework, CAMT messages are designated for cash management and account reporting. CAMT054 is specifically designed for the "Camouflage" or "Masked" statement. This message is used to provide account statement information in a format where sensitive or identifying details of transactions are redacted or masked. The primary purpose is to allow financial institutions to share statement data for analysis, auditing, or reconciliation purposes without exposing confidential customer or counterparty information. The masking is typically applied to fields such as the counterparty name, address, and potentially other transaction-specific details, while still retaining essential information like transaction amounts, dates, and reference numbers. This enables a balance between data transparency and data privacy in financial reporting and communication.