Banks and companies use CAMT.053 statements to understand incoming and outgoing payments. Many users still struggle with camt.053 credit and debit identification, especially when the XML looks confusing. The good news is that the rule is simple. There is only one field that tells you whether the entry is a credit or a debit. The One Field That Defines Everything Inside each <Ntry> block, ISO 20022 provides: <CdtDbtInd> This field completes your camt.053 credit and debit identification: It is the official indicator.The amount does not carry a plus or minus sign, so you cannot judge direction from the amount alone. … Continue reading How to Identify Credit and Debit Entries in a CAMT.053 Statement