Batch Header Record

AAA

DEFINITION of 'Batch Header Record'

A standard record of information regarding the transfer of a group of data (a batch), usually within the banking field. The batch header record contains information that is crucial for the successful processing of the batch. It identifies the origin of the transaction and summarizes the debits and/or credits involved. When combined with the entry detail records, the batch header record fully describes the transaction.

INVESTOPEDIA EXPLAINS 'Batch Header Record'

In banking, the batch header record is used in the automated clearing house (ACH), which is a batch-oriented electronic funds transfer system. To begin, the transaction is given a file header record to identify the origin and characteristics of the file. This is followed by a number of batches, each with its own batch header record.

Although the batch header record is predominantly used in banking transactions, it is also used in other important transfers, such as between businesses, departments and hospitals.

RELATED TERMS
  1. Batch Processing

    Processing transactions in a group or batch. No user interaction ...
  2. Execution

    The completion of a buy or sell order for a security. The execution ...
  3. Clearing Corporation

    An organization associated with an exchange to handle the confirmation, ...
  4. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
  5. Batch Trading

    An accumulation of orders that are executed simultaneously. Batch ...
  6. Transfer Payment

    1. In the United States, a payment made to individuals by the ...
RELATED FAQS
  1. What does CHIPS UID mean?

    CHIPS UID stands for Clearing House Interbank Payments System Universal Identifier. This is just a fancy name for an electronic ... Read Full Answer >>
  2. What proportion of the global economy is comprised of banks?

    Most of the world's financial wealth is contained within the banking sector. After all, other industries part with their ... Read Full Answer >>
  3. Why do banks securitize some debts, and how do they sell them to investors?

    Banks may securitize debt for reasons that include risk management, balance sheet issues, greater leverage of capital and ... Read Full Answer >>
  4. How do commercial banks us the 'money multiplier' to create money?

    In a fractional reserve banking system, commercial banks are permitted to create money by allowing multiple claims to assets ... Read Full Answer >>
  5. What techniques are most useful for hedging exposure to the banking sector?

    The banking sector moves in the same direction as the broader market, but its volatility is much lower. The sector's stability ... Read Full Answer >>
  6. Is the banking sector a good choice for value investing?

    The banking sector is a good choice for value investing. Value investors look for stocks in which the market price does not ... Read Full Answer >>
Related Articles
  1. Economics

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  2. Trading Systems & Software

    Trading Systems Coding

    Automate your trades by translating your strategy into a language your computer can implement in this hands-free approach to investing.
  3. Budgeting

    What Are The Best Mobile Banking Apps?

    As a society we expect to have 24/7 access to everything in our lives, our bank accounts included.
  4. Economics

    One Silver Lining Of Slower Global Growth

    Stocks struggled last week amid more evidence out of the world’s largest economies that global economic growth isn’t accelerating as expected.
  5. Mutual Funds & ETFs

    Financial Bear 3X (FAZ): Bull in a Bear Suit?

    Why the Financial Bear 3X Direxion ETF looks like a bullish bet.
  6. Investing News

    Investing Early In The Future of Data Security

    Data breaches are becoming increasingly common. Among the foremost technologies paving the path for the future of data security is biometrics.
  7. Economics

    Will “Internet-Only” Banks Change Chinese Banking?

    Private players offering internet-only banking services to a large section of China's population must overcome some challenges to gain market momentum.
  8. Stock Analysis

    What Makes Goldman Sachs a Good Bet?

    Six years after the subprime meltdown, Goldman Sachs is a robust $87 billion company instead of a historical footnote. Here's why.
  9. Economics

    What is a Nostro Account?

    A nostro account is a bank account held in a foreign country by a domestic bank, denominated in the currency of that country.
  10. Budgeting

    Should You Pay Your Bills On Autopilot?

    Now that you can sign up to have your bills paid automatically online, it it a smart way to make your life more efficient? A look at the pros and cons.

You May Also Like

Hot Definitions
  1. Expected Return

    The amount one would anticipate receiving on an investment that has various known or expected rates of return. For example, ...
  2. Carrying Value

    An accounting measure of value, where the value of an asset or a company is based on the figures in the company's balance ...
  3. Capital Account

    A national account that shows the net change in asset ownership for a nation. The capital account is the net result of public ...
  4. Brand Equity

    The value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent. ...
  5. Adverse Selection

    1. The tendency of those in dangerous jobs or high risk lifestyles to get life insurance. 2. A situation where sellers have ...
Trading Center