Record Type: 01 – File Header – indicating the beginning of the file.From experience the BAI2 format is widely used in the US. BAI2 is globally supported by most of the major global banks, but outside of the US and with local banks corporates may find that the BAI2 format has limited availability. In short, the BAI2 format is a cash management balance reporting specification developed by the BAI (Bank Administration Institute). This next generation reporting is referred to as Balance Transaction Reporting Standard (BTRS) and is informally / loosely called BAI3 ASC X9 has developed the next generation format for cash management reporting.2008 – BAI transferred the copyright of the BAI file format to the Accredited Standards Committee X9, Inc.1987 – BAI2 releases Cash Management Balance Reporting Specification, Version 1.1980 – BAI releases BAI1, Cash Management Balance Reporting Specification, Version 1.This original lock box format was not updated and was eventually replaced.1971 – BAI developed the Lockbox Communications Standards for Banks, enabling reporting for lockbox only.ASC X9 – Accredited Standards Committee X9īAI (Bank Administration Institute) is a financial services association, they developed the BAI format standard to enable cash management balance reporting. Following is a quick overview of how the BAI2 format came about:.BAI – Cash Management Balance Reporting Specification, version 2.Given the high interest in the MT940 Format post, and the fact that I had the BAI2 details in front of me I thought it would be a useful to share the details of the BAI2 format too. Just before the Christmas break a question came up which required the received bank statement, in a BAI2 format, to be reviewed and the details of the specific field value shared with the cash management team. While most corporates are using the MT940 format, other bank statement formats are of course available and being used. BAI2 Format Specification – Corporates are using a variety of bank statement formats to receive information from their bank(s) about the activity happening on a given account.