Validations

Supplier's IBAN

Enter Y (yes) to validate the supplier's IBAN (international bank account number), which is required for this payment format.

Company's Account IBAN

EnterY (yes) to validate the company's account IBAN, which is required for this payment format.

Supplier's SWIFT

EnterY (yes) to validate the supplier's SWIFT number, which is required for this payment format.

Company's Account SWIFT

EnterY (yes) to validate the company's account SWIFT number, which is required for this payment format.

Currency Code

Enter the currency code that you want to include in the payment format output. If you do not specify a currency code, the system uses the currency of the payment.

Note: The currency code for SEPA credit transfer files must be EUR. If your internal currency code for the euro is not EUR, you must set up a cross-reference between your internal currency code and the value EUR in the 70/CC UDC table.

Special Validation Rules

Specify VLSEPA to have the system apply the validation routine for SEPA credit transfer files.

When you enter VLSEPA in this processing option, the system validates the IBAN and BIC code (SWIFT) for the supplier's and company's accounts. If the any of the IBANs or BICs are invalid, the system writes an error message to the Work Center. The system stops processing if it issues an error message.

The system also writes a warning message to the Work Center if the country of the company or supplier is blank. The system continues processing records if it issues a warning message.