Corporate Access Account Reporting. BankToCustomerCreditNotification Service Description Appendix

Transcription

1 Corporate Access Account Reporting BankToCustomerCreditNotification March 2019

2 2(10) Page 1 Introduction Camt Camt.054C utilisation Norway General description Payment infrastructure Available types in the camt.054c Message from Norway 5 5 Sweden General description Payment infrastructure Available types in the camt.054c Message from Sweden 6 6 Finland General description Reference Non-reference Additional optional service 2 to SEPA Credit Transfers Available types in the camt.054c Message from Finland 8 7 Denmark (will be launched during 2019) General description Available types in the camt.054c Message from Denmark 9

3 3(10) Page 1 Introduction This is a functional description of the credit notification, a value-adding service provided through Nordea s Corporate Access Account Reporting offering. The main goal of this document is to establish a common understanding of how the credit notification Message and incoming are handled in Corporate Access. The document serves as an informative resource for suppliers and customers who intend to interface their financial systems electronically with Nordea. It is aimed both at technical project members responsible for the implementation, and for administrative staff of the interfacing party. The intention is to provide useful insights about how different incoming are delivered. 2 Camt.054 Camt.054C is an electronic service for corporations handling regular and large volumes of incoming. The standardised and fixed structure of the information that is included in the message (XML format) forms the basis for the automatic reconciliation process. 3 Camt.054C utilisation The credit notification Message (camt.054c) provides valuable details concerning Accounts Receivable. The Message contains details on credit transactions for a given local account. The customer may receive credit notifications from multiple countries in one single file format (see country specific chapter for details on transactions types and contents). The credit information is presented in a structured design, thus allowing the receiving system (creditor) to automatically read and update the Accounts Receivable ledger.

4 4(10) Page 4 Norway 4.1 General description Payment infrastructure Incoming in Norway are processed by the local clearing house Nets, or as internal account to account within Nordea. For Nordea bank in Norway, incoming cleared via Nets are summarised and divided into five different transaction types. The basis of the credit notification message is generated by Nets and sent to Nordea (NO) in a separate camt.054c Message 1,. It contains credit information for all local Nordea accounts registered for this specific service. The camt.054c Message includes structured and detailed data on the following incoming transaction types (booked as a lump sum): Payments with valid KID - PMNT/RCDT/VCOM Payments with structured invoice number PMNT/RCDT/ATXN Electronic with/without advice - PMNT/RCDT/DMCT Direct debit (AvtaleGiro) - PMNT/RCDT/VCOM Manual (transfer form without KID) PMNT/RCDT/DMCT When Nordea (NO) has received the Nets data, the bank will create a camt.054c Message that adds bank internal transactions, Cash pool transactions and all incoming cross-border. Bank internal transactions Domestic: PMNT/RCDT/ACDT International: PMNT/RCDT/XBCT 1 Nordea plans to deliver camt.054c several times during the day, to be launched during 2019.

5 5(10) Page 4.2 Available types in the camt.054c Message from Norway The following types are available in the camt.054c Message from Norway: Incoming types Reference (OCR) Payments with structured invoice information Non-reference Paper-based Transaction Remittance category Information PMNT/RCDT/VCOM Structured (SC) Local service description Payments with valid KID (=Customer identification No) PMNT/RCDT/ATXN Structured Payments with structured invoice number PMNT/RCDT/ DMCT Electronic with or without advice Payments with Giro (Giro transfer form without KID) PMNT/RCDT/ACDT Bank internal Transfers / Accountto-Account transactions (domestic) Intercompany PMNT/RCCN/ACON Intercompany transaction Cash pool transfer PMNT/RCCN/COAT Global Cash pool transfer Cash Management CAMT/ACCB/TOPG Cash management topping topping transaction Cash Management CAMT/ACCB/SWEP Cash management sweeping sweeping transaction Zero Balancing CAMT/ACCB/ZABA Zero Balancing transaction Point of Sale PMNT/CCRD/POSD BAX Card settlement (only lump sum) Lockbox PMNT/LBOX/LBDP Lock box/night safe deposit Cross-border / cross currency PMNT/RCDT/XBCT Cross-border ordinary Cross-border express Cross-border Intercompany Payment from other Norwegian banks via Swift clearing

6 6(10) Page 5 Sweden 5.1 General description Payment infrastructure The mainstream of the goes through two hubs: Bankgirot is the jointly bank-owned hub; and PlusGirot is the other hub. PlusGirot is wholly owned by Nordea. Almost all companies have a Bankgiro number and/or PlusGiro accounts for receivables and often the remitter chooses which type of to make. In Sweden it is common practice to use credit notes, as provided by the Creditor, which are deducted by the remitter against any debit invoice (or structured reference ) before processed further on to the Creditor. Note: Due to this process routine, Bankgirot and PlusGirot accept sending zero amounts to a creditor to provide information about which invoices have been deducted by the provided credit note. 5.2 Available types in the camt.054c Message from Sweden The following types are available in the camt.054c Message from Sweden: Incoming types Reference (OCR) Non-reference Transaction category Remittance Information Local service description PMNT/RCDT/VCOM Structured (SC) OCR Payments from Bankgirot and PlusGirot PMNT/RCDT/AUTT Structured Payments with structured or unstructured message Internal incoming Cash Pool transactions Point of sales PMNT/CCRD/POSD Card acquiring (Only lump sum) Paper-based PMNT/RCDT/DMCT Payments via envelope service Lockbox PMNT/LBOX/LBDP Lock box/night safe deposit Cross border / cross currency Instant Payments (Swish) PMNT/RCDT/XBCT Cross-border ordinary Cross-border express Cross-border Intercompany PMNT/RRCT/ACDT Mobil Payments via Swish

7 7(10) Page 6 Finland 6.1 General description A credit notification of the Finnish accounts includes incoming defined in chapter 4.2 and the corrections of these transactions. The reported can include structured or unstructured remittance information. The incoming reported on camt054 credit notification are reported as single transactions on the (Corporate Access Account Reporting) account statement camt Reference The use of structured reference is common in Finland. An invoicing company identifies invoices sent to its customers through a reference number and use the reference for matching incoming to an outstanding invoice. A reference number can be formed for example from the customer number or the invoice number according to the rules of the Finnish reference number format or International RF reference. A Finnish reference number must include at least 4 numbers and at most 19 numbers defined by the invoicer and a check digit calculated for them. The international reference is formed according to the ISO specification. The Finnish banks check the reference number in according to the rules and report the reference as structured information if it complies with the rules. In case the reference is not following the structure of neither Finnish or International reference, it is reported as unstructured information. Guidelines for creating and using reference numbers are available at Finance Finland homepage and International Organization for Standardization (ISO) page (RF reference) Non-reference Unstructured remittance information is used when an invoicing company identifies the invoice sent to a customer by free format text. The information the remitter has added to the is reported in the credit notification, unstructured information. Maximum of 140 characters are reported Additional optional service 2 to SEPA Credit Transfers The additional optional service 2 (AOS2) to SEPA Credit Transfer bundles several invoices and credit notes to one. The netted amount is credited to the

8 8(10) Page beneficiary s account and the specifications of the invoices and credit notes included in the netted sum are reported on the camt054 credit notification. 6.2 Available types in the camt.054c Message from Finland The following types and their corrections are available in the report. Corrections of the are reported by using Reversal Indicator value True. Incoming types Incoming from SEPA area, with or without reference Transaction category Remittance Information PMNT/RCDT/ESCT Structured (SC) Local service description For example: SEPA Credit Transfer SEPA Instant Credit Transfer E-, e-invoice Envelope Mobile Urgent from another Finnish bank (POPS) Account transfer between own accounts SEPA Direct Debit PMNT/RCDT/PRCT Structured (SC) PMNT/RCCN/ICCT Structured (SC) PMNT/IDDT/ESDD PMNT/IDDT/BBDD Structured (SC) Urgent Account transfer between own euro accounts with Nordea Finland Local cash pool internal funds transfers Direct debiting ESDD = B2C BBDD = B2B Direct PMNT/RCDT/AUTT Structured (SC) Direct LockBox PMNT/LBOX/LBDP PMNT/LBOX/NTAV PMNT/CNTR/CDPT Structured (SC) Cash supply services Cross border / cross currency Nordea Intercompany PMNT/RCDT/XBCT Structured (SC) PMNT/RCCN/XICT Structured (SC) Cross border / cross currency Account transfer in currency between own accounts within Nordea Finland Nordea Payment Account transfer between own accounts within Nordea (INTC)

9 9(10) Page Cash pool transfer PMNT/RCCN/COAT Global Cash pool transfer Cash Management CAMT/ACCB/TOPG Cash management topping topping transaction Cash Management CAMT/ACCB/SWEP Cash management sweeping sweeping transaction Zero Balancing CAMT/ACCB/ZABA Zero Balancing transaction 7 Denmark (will be launched during 2019) 7.1 General description Reference (OCR) are either paid via a transfer form or via a credit transfer. The most common transfer form is form type 71 with a 15-digit reference. Another option is the form type 75 with a 16-digit reference and the possibility to add unstructured text in the. Credit transfers can include either a structured OCR reference or unstructured remittance information (not both). The OCR reference must be according to the ISO specification. Transfer forms are booked in lumpsums on the account, but for form type 71 single booking can be arranged. Credit transfers are always booked as single transactions on the account. 7.2 Available types in the camt.054c Message from Denmark The following types are available in the camt.054c Message from Denmark: Incoming types Reference (OCR) Reference (OCR) Non-reference Transaction category Remittance Information Local service description PMNT/RCDT/VCOM Structured (SC) Reference (FIK) ; Transfer Form types 71 PMNT/RCDT/VCOM Structured (SC) Reference (FIK) ; AND Transfer Form types 75 PMNT/RCDT/VCOM Reference (FIK) Transfer Form type 73

10 10(10) Page Incoming types Domestic Credit Transfers / Accountto-Account Transaction Remittance category Information PMNT/RCDT/DMCT Structured (SC) Local service description Standard Credit Transfer Same Day credit transfer Intercompany Easy Account Cash pool transfer PMNT/RCCN/COAT Global Cash pool transfer Cash Management CAMT/ACCB/TOPG Cash management topping topping transaction Cash Management CAMT/ACCB/SWEP Cash management sweeping sweeping transaction Zero Balancing CAMT/ACCB/ZABA Zero Balancing transaction Mobile Payments PMNT/RRCT/DMCT Mobile Payments Point of sales PMNT/CCRD/POSD Card acquiring transactions - Dankort Returned PMNT/RCDT/RRTN Returned domestic credit items/corrections transfers Lockbox PMNT/LBOX/LBDP Lockbox/Night safe deposits Cross border / cross currency PMNT/RCDT/XBCT Cross-border ordinary Cross-border express Cross-border Intercompany