The Standard

Since 1986, AFP Services Codes© have been recognized as the standard for identifying balances and charges that appear on account analysis statements and in responding to RFPs.

The 2004 AFP Service Codes provide uniform references for more than 2,400 bank services, including more than 350 new codes and 200 modified codes. The 2004 edition is also available for the first time on a fully searchable CD-ROM. The ability to search the codes in an automated manner allows users to more easily identify the proper code for their needs.

Corporate treasury places a premium on the rapid and efficient processing of information. AFP Service Codes are tools that bring efficiency to the analysis of bank compensation. Standardized service codes:

• Enable resource-constrained treasury staff to produce actionable analyses in minimal time.
• Help treasury managers track the increasing number of services they receive from banks.
• Guide cost-sensitive treasury managers in receiving value for price in their banking services.
• Organize, rationalize and automate a complex, tedious chore.

In today's treasury management environment, businesses and banks have concluded that using AFP Service Codes in bank reporting offers value to both parties.

Purchase the AFP Service Codes.

Further reading: "Setting the Standard".