Understanding Banking Setup for PeopleSoft Global Payroll for Spain

The majority of the banking setup for PeopleSoft Global Payroll for Spain takes place in the PeopleSoft Global Payroll core application. In the Global Payroll for Spain country extension, however, you define the banking file, which enables you to set the parameters that drive the generation of the EFT payment file. PeopleSoft Global Payroll for Spain delivers two sample banking file IDs: CSB34 and 34.14. However, you can create additional banking file IDs to maintain different parameters

Note:

The file ID CSB34 is set up to generate a file structure that follows Norm 34-1. The file ID 34.14 is used to generate a file structure that is compliant with the SEPA requirements, following the norm CSB34_V14.

To determine if a transfer is to be printed in the SEPA block or in the “Other transfer” Block, system will evaluate the country of the beneficiary account. If the country of the account has SEPA setup in the following menu option, we will consider that the transfer is meant for a SEPA country and will include it in the SEPA block.