OFC File Documentation

Overview

Feature Value
Format Type Open Financial Connectivity (OFC)
Primary Use Financial data exchange
Developed by Microsoft
First Introduced 1997
Replaced By Open Financial Exchange (OFX)
File Extension .ofc
Content Type Text
Structure Hierarchical, similar to SGML
Character Encoding ASCII
Element Separators Newline characters
MIME Type application/x-ofc
Compression Not typically compressed
Encryption None by default
Primary Application Support Early versions of Microsoft Money
Can Store Banking transactions, account information
For Use In Personal financial management and software
Accessibility Readable with text editors
Advantages Simple structure, easy to generate and parse
Disadvantages Limited data types, replaced by OFX for more complex needs
Legacy Status Mostly obsolete, but files still found in legacy systems