Common Elements Used to Set Up External, Internal, and Netting Accounts

Field or Control

Description

Account # (account number)

Displays the account number of the bank, as defined by bank ID calculations on the Bank ID Qualifiers page. For banks in some countries with certain bank qualifier IDs, you must also enter a check digit.

Acct Type (account type) and Bank Account Type

Enter a value that identifies the type of account, such as Check Acct (checking account) or SB Acct (stocks and bonds account).

Company ID or Company Identification Number or Remitter ID

Enter a company ID, which is specified by certain European banks (for example, banks in France and Italy) to identify the issuer of an electronic file. Banks may issue one remitter ID per payment method for use with these four payment methods: Direct Debit (DD), Wire Transfer (WIR), Electronic Funds Transfer (EFT), or Automated Clearing House (ACH). During Pay Cycle Manager processing, the system accesses this data (if available) from a table and submits it with the specified payment method information.

If you are specifying EFT options for a French bank account, you complete this field only if you are also using the ETEBAC EFT layout. Company ID is then used to populate Numero d'emetteur. If specifying options for an Italian bank account, complete this field only if you are using the ITAPYMT EFT layout.

Note: The Numero d'emetteur (or remitter ID) is different from the Numéro National d'émetteur (NNE). Remitter IDs are issued by any central European bank. NNEs are issued only by the Banque de France and are mandatory information when processing direct debits using a ETBDD EFT layout. Remitter ID is also optional information when processing drafts using ETBDR EFT layout.

See External Accounts - Account Information Page.

See External Accounts - Collection Methods Page.

DFI Qualifier (depository financial institution qualifier) and DFI ID (depository financial institution ID)

Select the DFI qualifier and enter the associated DFI ID to identify the bank using its DFI ID. If you use intermediary routings, this bank represents the final bank into which funds are transferred. The DFI qualifier indicates the format—the number of characters and numerics—that is used in the bank's DFI ID. Each type has a specific number of digits that you can enter:

Transit Number: Enter exactly nine numerics, plus check digit calculation.

Swift ID: Enter 8 or 11 characters; positions 5 and 6 must be a valid two-character country code.

CHIPS ID: Enter three or four numerics for a CHIPS ID (CHIPS Participant ID).

CHIPS UID (CHIPS universal identification number): Enter six numerics for a CHIPS UID.

Canadian Bank Branch/Institute: No validation.

Mutually Defined: No validation.

EFT Layout (electronic funds transfer layout)

Select one of the predefined EFT formats used in various countries and by many clearing institutions. The system also provides you with the tools to create additional EFT layout formats when needed.

Last File Number

Displays the last EFT file number.