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When a Faster Payment is processed, the narrative displayed on your account statement is expanded and provides additional information as follows:

For outward payments - The narrative displays:

• beneficiary name
• reference, (where appropriate)
• Faster Payment indicator (FP)
• the date of the transaction
• a two digit code relating to the type of payment
• a unique reference number relating to the payment (known as a Faster Payment ID - or FPID).

For inward payments - the two digit payment type code is replaced by the transaction time (hhmm).