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Reference.org
Creditor Reference
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<p>The Creditor Reference (also called the Structured Creditor Reference) is an international business standard based on <a href="/facts/International_Organization_for_Standardization/IacYR7Yg">ISO</a> 11649, implemented at the end of 2008. </p><p>Using Creditor Reference, a company can automatically match its remittance information to its <a href="/facts/Accounts_receivable/FRRvpnyg">A/R</a>. This means that the company's financial supply chain's automated processing will be increased. </p><p>The Creditor Reference was first implemented within the <a href="/facts/Single_Euro_Payments_Area/PR5IjRwB">SEPA</a> rulebook 3.2. </p>