What is a value message in the context of Faster Payments?

In the context of Faster Payments, a value message refers to the communication that specifically instructs the movement of funds from one account to another. This type of message is critical for ensuring that transactions are executed correctly and efficiently, which is essential in a real-time payment environment.

When a value message is sent, it includes various details necessary for processing the payment, such as the amount, the accounts involved, and any relevant identifiers to ensure that the transfer is properly attributed to the correct parties. This distinguishes it from other types of messages that might provide additional information but do not directly facilitate the transfer of funds.

Understanding the role of value messages helps participants in the payment ecosystem recognize the transactional nature of certain communications, which is vital for achieving the speed and reliability that Faster Payments aim to deliver.