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Payment Formats in the United Kingdom

This blog aims to help users matching SAP Payment Formats with UK bank payment schemes.



This article covers an overview of SAP-delivered Payment Formats for the UK market. Moreover, there are examples, how templates of SAP Payment Formats can be used to meet bank-specific requirements.

Firstly, the table of the most common interbank payment schemes used in the UK. Click on the hyperlinks to find all sources.

INTERBANK PAYMENT SCHEME DESCRIPTION
BACS Transfer 2-3 days
Limit value £20m or £999m depends on conditions
CHAPS Transfer within seconds on working days excluding banks holidays
Non-limit value
FASTER PAYMENT Transfer within 2 hours
Limit £250 000
SWIFT Transfer 2-5 days on average
Non-limit value
SEPA – Single Euro Payments Area Transfer 1-2 banking days
Value limit depends on participants

Then, there is a list of SAP-delivered Payment Formats localized for the UK.

SAP PAYMENT FORMAT in the UK FILE OUTPUT COMMENT
GB_BACS Flat File BACS Standard 18 specifics
GB_CGI_XML_CT  GB_CGI_XML_DD XML ISO 20022 &
CGI – The Common Global Implementation
GB_MT101 Flat File Outgoing Credit transfers

 

The last table is describing a few examples, how SAP-delivered Payment Formats can be used with a particular bank.

BANK INTERBANK PAYMENT SCHEME SAP PAYMENT FORMAT in the UK
HSBC UK BACS GB_BACS
FASTER PAYMENT GB_CGI_XML_CT  GB_CGI_XML_DD
Lloyds Bank BACS GB_BACS
Barclays Bank BACS GB_BACS
* MT103
SEPA Direct GB_CGI_XML_CT GB_CGI_XML_DD
The Royal Bank of Scotland CHAPS GB_CGI_XML_CT GB_CGI_XML_DD
GB_MT101
International Payment GB_MT101

*Note, that SWIFT MT103 is not directly provided as SAP-delivered Payment Format for the UK market but there is a general template MT103 that can be adjusted. Find detailed explaining how to Create, Copy, Delete & Release in Map Payment Format Data in this article. In order to see all the payment formats available in Fiori Map Payment Format Data application, follow this link.

In case you face any issues with the Payment Formats feel free to raise an incident on
FI-AP-AP-B1 component or if you have a generic question to the mapping tool raise the incident to CA-GTF-CSC-DME.

Find out more details about UK payment formats and statements for SAP S/4HANA Cloud 1811 in the App Documentation.

List of all Payment Medium Formats for SAP S/4HANA Cloud link

Have you found this blog useful? Do SAP-delivered Payment Formats match with your house bank requirements for Payment file transmission?  Please, let us know your experience in the comment section below to enhance our services.

2 Comments
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  • Useful overview. Thanks for putting this together.

    For completeness, I would add SEPA for EUR payments to vendors with bank accounts in Eurozone countries.

     

  • Hello Hugo,

    thank you for your comment. I’ve added missing information about SEPA.

    Would you like to share your experience using SAP Payment Formats? Do they match with your bank requirements perfectly or you needed to make your own modifications?

    I am looking forward to your reply,

    Tereza Čtvrtníková