Hi,
Repetitive code is used to transfer funds from one bank account to another bank. repetitive transaction between bank accounts will be setup as repetitive codes in that you define house bank and target house bank. when ever you want to transfer funds select the repetitive code enter amount save, it will create payment request and release the payment request.
Through Repetitive code you can perform below functions
1. Bank Account Transfer
2.Business Partner transfer
3.Free format payment