1. Localizations for European Reporting and SEPA Processing Implementation Guide
  2. Creditor

Creditor

Access the Creditor tab in the SEPA Direct Debit Mandate form.

Address Number - Name

Enter the number that the system uses to search the creditor information from the address book. The mailing name of the creditor appears as an output field.

You can enter or change the address number only when a mandate has no transaction in process. This field is not editable for a mandate that has transaction in progress.

G/L Bank Account (Release 9.2 Update)

Enter a value that identifies an account in the general ledger.

This is a mandatory field.

Note: If you are already using the SEPA direct debit functionality and have a previous version of the software installed, you must complete the G/L Bank Account field for all existing mandates.

Use one of the following formats to enter account numbers:

  • Standard account number (business unit.object.subsidiary or flex format).

  • Third G/L number (maximum of 25 digits).

  • Account ID number. The number comprises 8 digits.

  • Speed code. A two-character code that you concatenate to the AAI item SP. You can then enter the code instead of an account number.

The first character of the account number indicates its format. You define the account format in the General Accounting constants.

Scheme Identification

This is the format for creating the creditor identification code that will be used to identify the creditor.

The creditor identification code in combination with the mandate identification code uniquely identifies the mandate for that creditor. A creditor can use the creditor business code extension to identify different business activities, but it is not required to identify the creditor.

Creditor Identification Code

The system completes this field when you enter the country code, verification digit, business code, and National ID in their respective fields.

The creditor identifier code contains the following elements in the order listed:

  • Positions 1 and 2 contain the country code of the country where the National Identification of the creditor has been issued.

  • Positions 3 and 4 contain the two verification digits resulting from the National Identification code of the creditor. When the creditor business code is not used, then the value is set to ZZZ.

  • Positions 8 to 35 contain the code defined by the national community; the system does not validate this value.

A creditor can use more than one identifier. The creditor identification can change due to the merger, acquisition, spin-off, or organizational changes.

Creditor Country Code

Specify the value that identifies the country of the creditor. The value that you enter must exist in the BIC Country Code UDC table (74/SA). The system saves this value in the first two positions of the Creditor Identification Code field. You must complete this field.

Creditor Digit

Enter the two verification digits that result from the National Identifier code of the creditor. The system validates the digits that you enter and saves them in positions 3 and 4 of the Creditor Identification Code field. You must complete this field.

Creditor Business Code

Specify the value to identify business lines or services. The value that you enter must exist in the Business Code UDC table (74/BC). This value is informational and is not needed to identify the mandate in a unique way. Creditors can change it over time for business reasons. If the creditor business code is not used, then the value is set to ZZZ.

Creditor National Identification

Enter the value defined by the national community that identifies the creditor's country as the national identifier of the creditor. The system saves this value in positions 8 to 35 of the Creditor Identification Code field. The system does not validate the value that you enter.

Bank Account - IBAN

The system completes this field with the IBAN of the creditor's bank account. The system retrieves this value from the Bank Transit Master table (F0030) for the creditor's bank account based on the value that you enter in the G/L Bank Account field (Release 9.2 Update).

Bank Account - BIC

The system completes this field with the BIC of the creditor's bank account. The system retrieves this value from the Bank Transit Master table (F0030) for the creditor's bank account based on the value that you enter in the G/L Bank Account field (Release 9.2 Update).