This "cash management balance reporting" Version 2 specification copyright ownership was transferred to the Accredited* Standards Committee X9, Inc - Financial Industry Standards (ASC X9) www.x9.org from the previous copyright owner Bank Administration Institute (BAI).

As of June 24, 2009, Accredited Standards Committee X9, Inc. Financial Industry Standards filed copyright ownership. Upon the transfer of the document copyright, the ASC X9 membership initiated a new project to revise and develop the Version 2 specification to become an X9 - American National Standard. This new project revision will improve the quality of reporting information as well as allow firms to increase visibility to cash, intra-day reconciliation and liquidity management.

As reporting systems become more complex, differences in data formats can cause considerable difficulty for corporations. The BAI specification has been widely used for information reporting of account balances, transactions, lockbox detail, and controlled disbursement detail. The existing cash management reporting (BAI format) is not currently a standard; it is a commonly used format. It has many optional fields which allow variations from bank to bank. Often companies implement many variations of the specification causing a large investment in scripting and resources to integrate these format versions in their back office applications (Treasury Workstations, A/P systems, ERP, etc).

The expected outcome of the project will update the BAI specification to become an American National Standard incorporating best practices and code sets from both the current specification and the IS0 20022 CAMT (cash management) reporting messages and associated code sets. Corporations have expressed a desire for a global cash management standard that is implemented in a consistent manner by financial institutions. This initiative will promote standardized use of the former BAI formats while at the same time, ensuring interoperability with ISO 20022. By establishing a standard for communication among multiple parties, the specifications facilitate complete, accurate, and timely information reporting, and help reduce the cost of providing this service.

This dated document will be replaced by the official American National Standard when completed and approved it will be numbered X9.121.