Subject: Currency Codes and IOTP

From: David Burdett <[email-masked]>
Date: Wed, 28 Apr 1999 22:45:32 +0100

In the (fairly) recent discussion on currency codes, the options identified
were:
*	3 character alphabetic ISO4217 codes as the only accepted standard 
*	3 digit numeric ISO4217 codes as the only accepted standard, or
*	either alphabetic or numeric ISO4217 codes as the accepted standard,
using different currency code types (either ISO4217-A or IS4217-N) to
specify which is being used.

By my reckoning, the views represented by the various emails were as
follows:
*	Masaaki Hiroya - no preference - just wants a decision, points out
that Mondex uses alpha
*	Don Eastlake - alphabetic
*	Chris Smith - both, and self identify since a code made of numbers
must be numeric
*	David Burdett (me)  - alphabetic but make currency code type
ISO4217-A
*	Kent Davidson - alphabetic
*	Tom Arnold  - either - mandate just one
*	Milton Anderson - alphabetic as OFX, Integrion Gold, IFX from BITS,
FSTC echeck and FSTC BIPS all use alpha
*	Yoshiaka Kowatsura - points out that SET uses numeric
*	Donald Eastlake - points out that ISO 8583 also uses numeric
*	Milton Anderson - points out that EDI uses alpha
*	Steven Sims - points out that Proton uses numeric.

By my analysis that makes:
*	four individuals in favour of alpha (me, Don E, Kent D, Milton A) vs
two for numeric (Yoshiaka K, Steven S), and
*	seven protocols for alpha (Mondex, OFX, Integrion Gold, IFX, FSTC
eCheck, FSTC BIPS and EDI) vs two for numeric (SET and Proton)

So, on since the majority are leaning towards alpha, I plan to change the
IOTP specifcation so that CurrCodeType is "ISO4217-A" instead of just
"ISO4217" indicating that the currency code is an alphabetic currency code.

Regards

David
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