makseviisil

Makseviisil refers to a form of payment or payment instruction issued by a party, typically a bank, to another party, usually another bank, to process a specific payment transaction. This written instruction is usually denoted as a "mandate" or "order" and contains details about the payment, such as the amount, the payment date, and the beneficiary's name.

The payment instrument is most commonly used in international transactions and is subject to specific regulations governing payment systems. The regulations ensure the secure execution of cross-border payments, protecting both the parties involved in the transaction. The makseviisil includes information about the account numbers of the parties involved, which are verified to ensure the transaction is executed correctly.

Makseviisil must comply with the International Organization for Standardization (ISO) standards. An example of such requirements includes the unique bank indicator used to identify the originator's bank. Another significant requirement is the 15-digit ratio, which contains information about the international banking originator.

Where direct communication between the sender and receiver is not feasible, the banks transmit information about new makseviisil through direct exchange methods. Although not a substitute for the original makseviisil, these intermediate representations ensure correct and secure execution.