Defining Bank Information

Page Name

Definition Name

Usage

Bank Information Page

BANK_PNL1

Define each bank and its general characteristics.

Address Information Page

BANK_ADDR_PNL

Capture the address and phone information for the bank.

See the Bank Information Page for more information.

Bank Contact Notes Page

BANK_NOTES_SP

Enter miscellaneous notes for the bank.

See the Bank Information Page for more information.

VAT Defaults Setup Page

VAT_DEFAULTS_DTL

Specify default VAT (value-added tax) information for a bank.

See the Bank Information Page for more information.

Bank Other Identification Page

BANK_PNL_OTHID

Provide values information for the bank for use in ISO and SEPA formats, such as issuer.

See the Bank Information Page for more information.

Bank Branch Information Page

BANK_BRNCHPNL

Define bank branch information.

Address Page

BRANCH_ADDRESS_SEC

Set up the bank branch address.

See the Bank Branch Information Page for more information.

Bank Contacts Page

BRANCH_PNLCNTCT

Set up contact information for a specified branch.

VAT Defaults Setup Page

VAT_DEFAULTS_DTL

Specify default VAT (value-added tax) information for a bank branch.

See the Bank Branch Information Page for more information.

Bank Contacts Page

TR_CONTACT_PNL

Enter information about how to contact the people with whom you do business.

Contact Address Information Page

TR_CONTACT_ADDRSEC

Enter address information for your financial contacts.

You must enter branch address information correctly for this information to be available for use in Billing.

See the Contact Information Page for more 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.

To set up bank information, use these components to do the following:

  • 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.

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

Navigation:

Banking > Banks and Branches > Bank Information

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.

 Bank Information page

Field or Control

Description

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 cannot define the same Bank ID for different SetIDs. System returns an error message for duplicate Bank IDs. You can override the restriction by changing the message severity to Warning on the Message Catalog page.

Bank Options

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

Field or Control

Description

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.

Address Information

Click this link to enter the address and phone information for the bank on the Address Information page (BANK_ADDR_PNL).

Notes

Click this link to enter miscellaneous notes about the bank on the Bank Contact Notes page (BANK_NOTES_SP).

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.

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.

  • Banking > Banks and Branches > Bank Branch Information

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 Branch Information page

Field or Control

Description

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.

Field or Control

Description

Register Branch for VAT (register branch for value-added tax)

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.

Address Information

Click this link to access the Address page (BRANCH_ADDRESS_SEC), where you can set up the branch address.

Contact Information

Click this link to access the Bank Contacts page (BRANCH_PNLCNTCT), where you can set up contact information for the specified branch.

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.

Use the Bank Contacts page (BRANCH_PNLCNTCT) to set up contact information for a specified branch.

Navigation:

Click the Contact Informationlink on the Bank Branch Information page.

Field or Control

Description

Contact ID

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

Edit Contact Information icon Edit Contact Information

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

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

Navigation:

Banking > Banks and Branches > Bank Contact Information > Contact Information

Field or Control

Description

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.