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|
|FASTER PAYMENT||Transfer within 2 hours|
|Limit £250 000|
|SWIFT||Transfer 2-5 days on average|
|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|
|FASTER PAYMENT||GB_CGI_XML_CT GB_CGI_XML_DD|
|SEPA Direct||GB_CGI_XML_CT GB_CGI_XML_DD|
|The Royal Bank of Scotland||CHAPS||GB_CGI_XML_CT GB_CGI_XML_DD|
*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.
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.