PU 504 | 503 (Globe+): Updated SEPA payment instructions for foreign payments

You can now define the type of charges for the non-Euro transactions that are made to countries outside of or within the SEPA zone. This enhancement is applicable only to the SEPA credit transfers and excludes the SEPA credit transfers for the United States.

The type of charges can be defined in the newly added field Charges, under the General section in the Maintain bank account numbers screen, as follows:

The options that are available for selection are as follows:

• Creditor - Select this option if the charge bearer of the transaction is the creditor.
• Debtor - Select this option if the charge bearer of the transaction is the debtor.
• Shared - Select this option if the charge bearers of the transaction are the creditor and debtor.

By default, the option at the Charges field is not filled up.

For the existing offset bank accounts with the undefined option for the charge bearer, the Shared option will be automatically selected by the system for the non-Euro credit transfers, based on the default logic.

Note that with this enhancement, the <ChrgBr> element in the bank payment file will always be reflected in the generated SCT files, even if the same transaction currency and cash instrument is used for the non-Euro transactions.

The following table lists the values that will be reflected in the <ChrgBr> element in the bank payment file, based on the countries, currencies, and urgency of the transactions:

For more information, see Creating and maintaining bank account numbers.