Payment Rules

Created by Erik Åkerlund, Modified on Tue, 16 Jan 2024 at 08:37 AM by Maria Appelquist

Start > Back Office > Payments > Payment Settings > Payment Rules View

In Payment rules the user can set up certain rules in regards to Transfer Type, Payment Fee and codes for Central Bank reporting, Payment information and Execution Date to be included in the payment file.

The system creates default values in the payment file, according to any of these criteria: 

  • If the counterpart is external , it is defaulted as a treasury payment.  
  • If the counterpart is internal the payment is defaulted to internal payment. This payment type also includes transfers ( MT101)

Other rules can be setup according to requirements, for example;

  • In the tab Transfer type you should Always have a rule for if a payment is cross border it should be tagged as International with a special code (IN). This rule is set up from the beginning and should not be removed.
  • The payment fee is defaulted to be shared (SHAR) between parties involved. If it should not be Shared this has to be set up in the Payment Rules > Payment fee tab. 
  • In some countries it is mandatory to report to the central bank when paying an amount above a specific limit to another country. This is setup in the Central Bank Code tab. You specify  the limit amount, if it is a bank account in another country and if it certain deal types has specific codes.
  • In order to set codes to specific cash flows e.g. Interest you should write [FloweType] =='Interest'  If you would like to report on Interest being paid you should instead write [InterestAmount] < 0
  • In the Tab Payment information, specific information could be included in the payment file. Note! it is static data that can be set up.
  • Execution date, some banks ( e.g. Danske Bank) needs to have the date the payment should leave the account rather than when the payment is due. so it is possible to set up alternative execution date for certain payments in this tab.

Source Handelsbanken$file/koder.pdf

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