Issue International Payments

The Issue International Payment page allows you to enter information for an International Payment issue transaction.

Different action buttons appear on the page (Attach a Document, Save, Save & Close, Route Transaction, Verify Data, and Close), depending on the transaction's status and/or whether the transaction is in edit mode or read-only mode. This page appears in read-only mode if you have view only security rights to instruments, if the transaction has any status other than "Started", or if the instrument was not created by your organisation (if your organisation has subsidiaries). Click here to read about the actions available on transactions for each status in edit mode and read-only mode.

The Issue International Payment page includes the following sections:

Rejected Reasons (displays conditionally)
Repair Reason (displays conditionally)
Terms
Payment Details
Funding Details
Other Conditions
Instructions to Bank

Rejected Reasons

The Rejected Reasons section of the Issue International payment page displays details on why the transaction was rejected by the bank. The rejection reasons will be displayed until the transaction has been successfully authorized and resubmitted to the bank. There is no logical limit to the text that the bank may send back.

Repair Reason

This section will be displayed on the instrument if the corporation is using Checker Authorisation for this instrument type and the instrument has been sent for repair during the authorisation process. Prior to being processed by the bank, this appears as an unnumbered section at the top of the instrument. Once processed by the bank, it is added as a numbered section at the bottom of the instrument.

Terms

The Terms section of the Issue International Payment page contains basic information about the International Payment issue transaction. The fields and controls contained in the Terms section are described below.

Field/Control	Description
Applicant
*Applicant	The field displays the Applicant Address in read-only form. This is a required field.
Applicant's Reference Number	Your reference number for the instrument. This field can contain up to 30 characters.
Beneficiary
Search for a Beneficiary image	Pressing this image displays the Party Search page, where you can select the Beneficiary for the instrument from a list of non-bank parties. After you choose a party from the Party Search page, the transaction page redisplays with the Beneficiary fields loaded with the party's information. To complete the Beneficiary fields, you can either search for a party by pressing the Search for a Beneficiary button, or you can type the entry directly into each field. If the party you select in the Party Search page has specified Settlement Accounts, options enabling you to select one of those accounts will appear under Beneficiary Account Number.
Clear the Beneficiary image	To change the Beneficiary information, press the eraser image. You can then press Search for a Beneficiary image again to select a new party.
*Beneficiary Name	The name of the Beneficiary for the instrument. To complete this field, you can either search for a party by pressing the Search for a Beneficiary image, or you can type the Beneficiary's name directly into this field. This field can contain up to 20 characters and is a required field.
*Address Line 1	The first address line of the Beneficiary for the instrument. To complete this field, you can either search for a party by pressing the Search for a Beneficiary image, or you can type the Beneficiary's address directly into this field. This field can contain up to 35 characters and is a required field.
Address Line 2	The second address line of the Beneficiary for the instrument. To complete this field, you can either search for a party by pressing the Search for a Beneficiary iamge, or you can type the Beneficiary's address directly into this field. This field can contain up to 35 characters and is a required field.
*City	The city of the Beneficiary for the instrument. To complete this field, you can either search for a party by pressing the Search for a Beneficiary image, or you can type the Beneficiary's city directly into this field. This field can contain up to 16 characters and is a required field.
Province / State	The province or state of the Beneficiary for the instrument. To complete this field, you can either search for a party by pressing the Search for a Beneficiary image, or you can type the Beneficiary's province or state directly into this field. This field can contain up to 8 characters.
Postal Code	The postal code of the Beneficiary for the instrument. To complete this field, you can either search for a party by pressing the Search for a Beneficiary image, or you can type the Beneficiary's postal code directly into this field. This field can contain up to 15 characters.
*Country	The country of the Beneficiary for the instrument. To complete this field, you can either search for a party by pressing the Search for a Beneficiary image, or you can select the Beneficiary's country from this drop-down list. A country selection is required.
*Beneficiary Account Number	The account number for the Beneficiary, used for settlement. If you enter the Beneficiary information by searching for and selecting a party, one or more settlement accounts, pre-defined for the Beneficiary, may appear here. You may select one of these, or manually enter a new one in the blank field (which can also be done when manually entering Beneficiary information).
Message for Beneficiary	Use this space to enter a message for the Beneficiary. This text area can contain up to 210 characters.
Beneficiary's Bank
Search for a Beneficiary Bank image	Pressing this image displays the Party Search page, where you can select the Beneficiary Bank for the instrument from a list of bank-type parties. After you choose a party from the Party Search page, the transaction page redisplays with the Beneficiary Bank fields loaded with the party's information. To complete the Beneficiary Bank fields, you can either search for a party by pressing the Search for a Beneficiary Bank image, or you can type the entry directly into each field. To change the Beneficiary information, press Clear the Beneficiary Bank. You can then press Search for a Beneficiary Bank again to select a new party.
Beneficiary Bank Name	The name of the Beneficiary Bank. To complete this field, you can either search for a party by pressing the Search for a Beneficiary Bank image, or you can type the Beneficiary Bank's name directly into this field. This field can contain up to 20 characters.
Address Line 1	The first address line of the Beneficiary Bank. To complete this field, you can either search for a party by pressing the Search for a Beneficiary Bank button, or you can type the Beneficiary Bank's address directly into this field. This field can contain up to 35 characters.
Address Line 2	The second address line of the Beneficiary Bank. To complete this field, you can either search for a party by pressing the Search for a Beneficiary Bank button, or you can type the Beneficiary Bank's address directly into this field. This field can contain up to 35 characters.
City	The city of the Beneficiary Bank. To complete this field, you can either search for a party by pressing the Search for a Beneficiary Bank button, or you can type the Beneficiary Bank's city directly into this field. This field can contain up to 16 characters.
Province / State	The province or state of the Beneficiary Bank. To complete this field, you can either search for a party by pressing the Search for a Beneficiary Bank button, or you can type the Beneficiary Bank's province or state directly into this field. This field can contain up to 8 characters.
Postal Code	The postal code of the Beneficiary Bank. To complete this field, you can either search for a party by pressing the Search for a Beneficiary Bank button, or you can type the Beneficiary Bank's postal code directly into this field. This field can contain up to 15 characters.
Country	The country of the Beneficiary Bank. To complete this field, you can either search for a party by pressing the Search for a Beneficiary Bank button, or you can select the Beneficiary Bank's country from this drop-down list.

Payment Details

The Payment Details section of the Issue International Payment page contains information about the payment of the International Payment issue transaction. The fields and controls contained in the Payment Details section are described below.

Field/Control	Description
*Currency	The currency for the instrument. To enter the currency, select one from this drop-down list. A currency selection is required.
*Amount	The amount of the transaction. This field can contain up to 22 characters and is a required field.
Payment Date	The date when the bank will pay out the funds. To enter the payment date, select a day, month, and year from the appropriate drop-down lists. This date is required.
*Other Bank Charges	Indicates the distribution of other bank charges for the instrument. To specify, select one of the following options: · All our account - Indicates that the Applicant will pay all of the overseas bank's charges. · Beneficiary - Indicates that the Beneficiary will pay all of the overseas bank's charges. · Others (Other Conditions) – if you select this option, specify the details in other conditions. A selection in this radio button set is required.

Funding Details

The Payment Details section of the Issue International Payment page contains information about the funding of the International Payment issue transaction. The fields and controls contained in the Funding Details section are described below.

Field/Control	Description
Settlement Details
Debit Applicant's Account	Selecting this option indicates that the funds will be debited from an account held by the Applicant. If this is the case, please select an account from the drop-down list.
Account Number	If the User has chosen ’Debit the Applicant’s account’ option, this is a required field. This field displays the valid accounts based on the Customer Account settings on the Corporate Customer Profile. Valid Accounts are determined by the "Available for Debit" indicator. Accounts where this indicator has been selected are displayed in the dropdown. The dropdown will display the 'Account Number', 'Account Description' and 'ccy' in the following format: <account number>-<account description> (<ccy>)
Other (enter details in the text area below)	Select this option if the user does not want to choose ’Debit the Applicant’s account’ option. User should enter the details for the transaction in the text area.
Exchange Rate Details
Forward Exchange Contract	Selecting this option indicates that a Forward Exchange Contract will be referenced for the instrument. If so, please enter the FX Contract details
FX Contract No.	The forward exchange contract / BID covering the settlement, if the instrument is in a currency other than the Applicant's base currency. To specify, enter an FEC / BID number into the text box. This field can contain up to 14 characters.
FX Rate	The rate of the FEC/BID. To specify, enter the rate into the text box. This field can contain up to 14 characters, including a decimal character. The format for the rate you enter is 12345.12345678 (5 characters to the left of the decimal and 8 characters to the right of the decimal).
Request Market Rate	Selecting this option indicates that the user wants to request a market FX rate for this payment.
Not Applicable	Selecting this option indicates that the exchange rate is not applicable for this payment.
Bank to Book Exchange Rate	Selecting this check box indicates that a spot/market rate will be used for International Payment.
Other Exchange Rate Details	Select this check box and enter any additional exchange rate details (e.g. other exchange rates and their corresponding reference numbers, multiple sets of FX Contract details, or other information), if applicable.
Payment of Charges
*Account Number	In this drop-down list select the Applicant's debit account that will be used to pay any charges related to the instrument. A selection in this drop-down list is required. This field displays the valid accounts based on the Customer Account settings on the Corporate Customer Profile for which the User has been provided access to. Valid Accounts are determined by the "Available for Debit" indicator on the account. Accounts where this indicator has been selected and where the User has been provided access (based on the User Profile settings) are displayed in the dropdown. The dropdown will display the 'Account Number', 'Account Description' and 'ccy' in the following format: <account number>-<account description> (<ccy>)

Other Conditions

The Other Conditions section of the Issue International Payment page contains information about other terms, conditions, or details for the International Payment issue transaction. The fields and controls contained in the Other Conditions section are described below.

Field/Control	Description
Enter any Additional Conditions here	The additional conditions text for the transaction. To enter text, you can either type directly into the text area, or add a phrase from the drop-down list to the text area. The text area can contain up to 5000 characters.

Instructions to Bank

The Instructions to Bank section of the Issue International Payment page contains instructions to your bank for the International Payment issue transaction. The fields and controls contained in the Instructions to Bank section are described below.