ISO 20022 and Opex: Difference between pages

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imported>Doug Williamson
(Add quote - source - ACT - https://www.treasurers.org/hub/blog/introduction-iso20022)
 
imported>Doug Williamson
(Create the page. Source: The Treasurer, September 2016, p21.)
 
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ISO 20022 is the international standard for financial messages, issued by the the International Organization for Standardization (ISO).  
'''Op'''erating '''Ex'''penditure.


Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.


:<span style="color:#4B0082">'''''The introduction of ISO 20022'''''</span>
Opex is contrasted with capital expenditure ('capex').


:"The new standard will significantly increase the amount of data that will be able to accompany the payment instruction.


:One of the main benefits will be an increase in the ability to automate the allocation of receipts to customer accounts – reducing the time consuming, expensive and error-prone need for manual intervention.
== See also ==
 
* [[Capitalise]]
:In addition, it will allow more information regarding ultimate beneficiaries which will support any requirements for enhanced anti-money laundering protocols."
* [[Capital expenditure]]
 
* [[Expenditure]]
:''Association of Corporate Treasurers - blog - April 2022.''
* [[Revenue expenditure]]
 
 
==See also==
* [[ISO]]
* [[ISO currency codes]]
* [[MT]]
* [[MX]]
* [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT)
 
 
==External link==
*[https://www.iso20022.org/ ISO 20022 website]
 
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 15:11, 6 September 2016

Operating Expenditure.

Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.

Opex is contrasted with capital expenditure ('capex').


See also

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