Financial glossary
Plain-English explanations of common statement formats, exports, and accounting terms.
MT940 (SWIFT message type 940) is an electronic statement format used to transmit account transaction data. It was the long-standing standard for bank-to-company data exchange, but is increasingly replaced by the ISO 20022 XML format CAMT.053.
CAMT.053 is the ISO 20022 standard for electronic account statements in XML format. It is the successor to MT940 in the SEPA area and provides more detail and a cleaner structure.
CSV (Comma-Separated Values) is a simple text format for table data. Rows are separated by line breaks and columns by a delimiter (often comma or semicolon).
A specific import template defined by DATEV eG for exchanging accounting data. It typically requires specific columns (amount, debit/credit sign, booking text, etc.) and consistent formatting.
OCR (Optical Character Recognition) is a technology that recognizes text in images or scanned documents and converts it into machine-readable text.
A specific PDF layout used by the Sparkassen group to summarize financial status and transactions.