Defining Bank Information

To define bank information, use the following components:

Bank Information component (COUNTERPARTY_DEFN_GBL).
Bank Branch Information component (BANK_BRANCHPNL_GBL).

Use the TR_BANK_BRANCH_CI component interface to load data into the Bank Branch Information tables.
Contact Information component (CONTACT_INFO_GBL).

Use the CONTACT component interface to load data into the Contact Information tables.
Settlement Instruction component (SETTLEMENT_INSTRUC_GBL).

Use the TR_SETTLEMENT_INSTRUCTIONS_CI component interface to load data into the Settlement Instruction tables.

This section discusses how to:

Define bank information.
Define bank addresses.
Set up electronic statements.
Define bank branches.
(Optional) Define bank branch addresses.
(Optional) Define branch contacts.
Define beneficiary bank information.
(Optional) Define beneficiary bank EFT options.
Define beneficiary bank addresses.
Define financial contacts.
(Optional) Define financial contact addresses.

Pages Used to Define Bank Information

Page Name	Definition Name	Navigation	Usage
Bank Information	BANK_PNL1	select Banking, then select Banks and Branches, then select Bank Information	Define each bank and its general characteristics.
Address Information	BANK_ADDR_PNL	Click Address Information on the Bank Information page.	Capture the address and phone information for the bank.
Bank Contact Notes	BANK_NOTES_SP	Click Notes on the Bank Information page.	Enter miscellaneous notes for the bank.
VAT Defaults Setup	VAT_DEFAULTS_DTL	Click the VAT Defaults link on the Bank Information page.	Specify default VAT (value-added tax) information for a bank.
Bank Other Identification	BANK_PNL_OTHID	Click the Other Identification link on the Bank Information page.	Provide values information for the bank for use in ISO and SEPA formats, such as issuer.
Bank Branch Information	BANK_BRNCHPNL	select Banking, then select Banks and Branches, then select Bank Branch Information	Define bank branch information.
Address	BRANCH_ADDRESS_SEC	Click Address Information on the Bank Branch Information page.	Set up the bank branch address.
Bank Contacts	BRANCH_PNLCNTCT	Click Contact Information on the Bank Branch Information page.	Set up contact information for a specified branch.
VAT Defaults Setup (value-added tax defaults setup)	VAT_DEFAULTS_DTL	Click the VAT Defaults link on the Bank Branch Information page.	Specify default VAT information for a bank branch.
Contact Information	TR_CONTACT_PNL	select Banking, then select Banks and Branches, then select Contact Information	Enter information about how to contact the people with whom you do business.
Contact Address Information	TR_CONTACT_ADDRSEC	Click Address Information on the Contact Information page.	Enter address information for your financial contacts. You must enter branch address information correctly for this information to be available for use in Billing.

Bank Information Page

Use the Bank Information page (BANK_PNL1) to define each bank and its general characteristics.

Navigation

select Banking, then select Banks and Branches, then select Bank Information

Image: Bank Information page

This example illustrates the fields and controls on the Bank Information page. You can find definitions for the fields and controls later on this page.

Type

Select a bank type. Options are:

External: A bank or counterparty that exists separately from your organization. Most banks and brokerage firms are in this category. External banks are those you conduct business with outside of your organization, such as banking partners, brokers, issuers, and guarantors. You can associate external banks with a reconciliation method, cutoff times, settlement instructions, supplier banks, customer banks, and employee banks.

Internal: A bank or counterparty that is part of your organization (for example, a central treasury, a subsidiary company, or an operating division).

Netting: A Receivables or Payables counterparty with whom you have established a netting contract to roll up transactions and thus decrease the overall number of transactions between parties.

Origin: A Receivables or Billing entity that holds funds until they are transferred to a bank. Typically, this is an organization with which you have a lock-box banking arrangement.

(USF) Agency Location Code

To reconcile U.S. federal government schedule ID payments, select the U.S. Treasury Disbursing Office that is disbursing payments for Treasury Schedules (known as SF-1166 Voucher and Schedule of Payments). This option applies only to banks with a default currency of USD.

The General Ledger report GLSF224P uses the Agency Location Code (ALC) when reporting General Ledger, Receivables, and Payables cash activity to the federal government.

See General Ledger Reports: A to Z.

Bank ID Qualifier

Select a bank qualifier, if one is defined for the bank's country. The system uses the bank qualifier to validate values when you create accounts for the bank.

Bank ID

Enter a bank ID, to use electronic banking. This is the code by which the bank identifies itself. The code is contained in the electronic statement and edited according to rules driven by the bank ID qualifier. This field is accessible only for external and origin bank types.

Immediate Origin and Immediate Destination

Enter origin and destination routing codes for electronic transfers. Obtain the codes from your bank.

Important! You can define the same bank ID for different setIDs; however, you can define a specified bank account number only once per bank ID.

Bank Options

The bank type determines the options that are available in the Bank Options group box.

Internal BU (internal business unit)

Denotes a bank or counterparty that is an internal business unit. This option applies only to internal bank types. If you select this check box, then also specify the General Ledger unit with which it is associated.

Treasury Counterparty

Denotes a bank or counterparty with which you transact deals. Select to use a counterparty for transactions in Deal Management. This option applies to both internal and external bank or counterparty types.

Banking Counterparty

Denotes a bank or counterparty with which you maintain a banking relationship. Most commercial banks fall within this category. This option applies only to external bank or counterparty types and enables you to associate external accounts with this entity.

Financial Sanction Validation

This field appears only if Enable in Treasury Settlements or Payables Enabled at Bank is selected on the Financial Sanctions Option page.

Selecting this field in conjunction with Enable in Treasury Settlements on the Financial Sanctions Option page, will initiate a financial sanctions search and validation of the payee before dispatching settlements originating from this bank in Cash Management.

For Payables and eSettlement, selecting this field in conjunction with Payables Enabled at Bank on the Financial Sanctions Option page will initiate a search and validation of suppliers at payment time.

See Financial Sanctions Options Page.

Notes

Click this link to enter miscellaneous notes about the bank.

VAT Defaults (value-added tax defaults)

Click this link to access the VAT Defaults Setup page (VAT_DEFAULTS_DTL). The VAT Defaults Setup page is a common page used to set up VAT default settings for all PeopleSoft applications processing VAT transactions. On this page, you can define bank information defaults as applicable.

Other Identification

Click this link to access the Bank Other Identification page (BANK_PNL_OTHID), where you can provide Other ID information for the bank that will be used in ISO and SEPA formats. Other ID information consists of issuer, identification, and either an ISO Code List under which the identification was issued or a Proprietary Scheme Name under which the identification was issued. You must designate one issuer as the default that will be populated on the ISO and SEPA format.

Note: The VAT Defaults link appears on all Bank Information pages; however, it is available only if the country for the bank is set up for VAT.

Bank Branch Information Page

Use the Bank Branch Information page (BANK_BRNCHPNL) to edit bank branch information associated with an external account.

Navigation

Click the Bank Branch Information icon on the External Accounts page.
select Banking, then select Banks and Branches, then select Bank Branch Information

Image: Bank Branch Information page

This example illustrates the fields and controls on the Bank Branch Information page. You can find definitions for the fields and controls later on this page.

Bank ID Qualifier

Select a bank qualifier, if one is defined for the branch's country. The system uses the bank qualifier to validate values when you create accounts for the branch.

Branch ID

Enter a numeric branch ID, if one is defined for this bank branch.

VAT Registration Options

Bank branches represent physical bank locations. In order for the system to determine the appropriate VAT treatment for transactions generated through each branch, you must define the VAT registration information, as well as the VAT default parameters to use in VAT accounting.

Select the check box and enter the VAT Registration ID, which the system automatically validates.

Use VAT Suspension (use value-added tax suspension)

Select if bank has been selected as a supplier that suspends charging VAT.

Note: You must first set two other VAT suspension settings in PeopleSoft to enable the VAT suspension functionality: you must select the Use VAT Suspension check box on the VAT Country table and set the VAT Exception Type for the VAT entity to Suspension. In order for a VAT applicable transaction to be marked as suspended, these three settings (VAT Country, VAT Exception Type for VAT entity, and the bank branch set as a VAT suspended supplier) must be in place.

VAT Defaults (value-added tax defaults)

Click to access the VAT Defaults Setup page (VAT_DEFAULTS_DTL). The VAT Defaults Setup page is a common page used to set up VAT defaulting for all PeopleSoft applications processing VAT transactions. On this page, you can define bank branch information defaults as applicable.

Note: The VAT Defaults link appears on all Bank Branch Information pages; however, it is available only if the country for the bank is set up for VAT and the Register Branch for VAT check box is selected.

Contact Information Page

Use the Bank Branch Information - Contact Information page (BRANCH_PNLCNTCT) to set up contact information for a specified branch.

Navigation

Click the Contact Information link on the Bank Branch Information page.

Contact ID

Select a contact ID to automatically populate the Name, Contact Title, and Telephone fields.

Edit Contact Information

Click this icon to access the Contact Information page (TR_CONTACT_PNL) in Financials and edit contact information.

Defining Financial Contacts

Use the Contact Information page (TR_CONTACT_PNL) to enter information about how to contact the people with whom you do business.

Navigation

select Banking, then select Banks and Branches, then select Contact Information, then select Contact Information

Contact Type

Select the contact type. Options are: Accounts Payable, Billing Contract, Broker, Commercial Paper Contact, Contract Collaborator, Executive Management, External Contact, General, Internal Corporate Contact, Investment Pool Contact, Line of Credit Facility, Sales Contact, Service Contact, or Warehouse/Shipping Contact.

Bank Code

Displays the code of the banks with which the contact is associated.