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ISO 20022 Credit and Debit Notification SEPA Direct Debit 20022 Credit and Debit Notification SEPA...

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  • Implementation guide

    ISO 20022

    Credit and Debit Notification

    SEPA Direct Debit

    camt.054 version 2

    Version 1.0.0

    Publishing date 19 June 2014

  • Implementation guide

    ISO 20022 Credit and Debit Notification SDD camt.054.001.02 Page 2

    Version 1.0.0 Publishing date 2014-06-19

    Table of contents

    1 INTRODUCTION ...................................................................................................................................... 3

    1.1 Related documents .......................................................................................................................................... 3

    1.2 History .............................................................................................................................................................. 3

    2 GENERAL RULES ................................................................................................................................... 4

    1.3 Agreement ........................................................................................................................................................ 4

    1.4 Interval ............................................................................................................................................................. 4

    3 TERMS AND CONCEPTS ....................................................................................................................... 4

    1.5 Abbreviations ................................................................................................................................................... 4

    1.6 Parties .............................................................................................................................................................. 5

    1.7 References ....................................................................................................................................................... 5

    4 SCENARIO ............................................................................................................................................... 7

    5 FORMAT SPECIFICATION ..................................................................................................................... 8

    1.8 Message structure ............................................................................................................................................ 8

    1.9 Implementation guidelines ................................................................................................................................ 9

  • Implementation guide

    ISO 20022 Credit and Debit Notification SDD camt.054.001.02 Page 3

    Version 1.0.0 Publishing date 2014-06-19

    1 Introduction

    This document describes the Implementation Guide ISO 20022 Credit and Debit Notification

    camt.054.001.02 for SEPA Direct Debit in Handelsbanken.

    The purpose of this Message Implementation Guide is to provide guidance for how information is

    structured in the exchange between the Handelsbanken and the customer.

    Handelsbankens message set-up complies with the international definitions for content and use

    of an ISO 20022 BanktoCustomerDebitCreditNotification message and Common Global

    Implementation (CGI).

    1.1 Related documents

    The documents below contain information to facilitate the implementation of the Credit Notification

    in the ISO 20022 camt.054.001.02 format;

    The ISO 20022 Message Definition Report (MDR), Message Usage Guideline (MUG) and

    XML Schema can be downloaded from: www.iso20022.org/full_catalogue.page

    The Payments External Code List, which provides the standard values for payment message

    code elements, www.iso20022.org/external_code_list.page

    Handelsbanken appendix with Bank Transaction Type Codes for camt.054

    1.2 History

    New releases of the Implementation Guides are published on a regular basis, based on new

    versions of the underlying standards or to provide clarification or changes. At Handelsbanken,

    changes to version numbers are made according to the following guidelines. The original version

    is 1.0.0.

    The last digit is changed when the format descriptions are changed, for example text

    clarifications and examples.

    The second digit is changed if minor changes are made to the format such as new countries

    or changes in the payment type.

    The first digit is changed (thus becoming a completely new version) if the format changes

    mean that the customer will have to make adaptations in order to continue using the service.

    In this case, all customers affected are informed of the new version and what the changes

    involve.

    Version Date Description

    1.0.0 2014-06-19 Published

    http://www.iso20022.org/full_catalogue.pagehttp://www.iso20022.org/external_code_list.page

  • Implementation guide

    ISO 20022 Credit and Debit Notification SDD camt.054.001.02 Page 4

    Version 1.0.0 Publishing date 2014-06-19

    2 General rules

    Handelsbankens SEPA Direct Debit Credit/Debit Notification ISO 20022 camt.054 reports only

    SEPA Direct Debit payments and the message is sent by Handelsbanken to an account owner or

    to a party authorized by the account owner to receive the message. The report gives information

    for both credit and/or debit entries from the CustomerDirectDebitInitiantion (pain.008) and is sent

    to the customer via the communication method agreed with the Bank.

    The Credit Notification part of the message provides detailed information about the companys

    incoming SEPA Direct Debits, reflecting all transactions/collections individually included in the

    Customer Direct Debit Initiation pain.008 message sent to the Bank.

    The Debit Notification part of the message provides detailed information regarding rejected (also

    reflected in the pain.002 Status Report), returned and refunded SEPA Direct Debit

    transactions/collection (not included in the pain.002 Status Report).

    In order to facilitate the matching of the companys payments, Handelsbanken recommends

    customers to use the end-to-end reference which is a unique reference to identify each

    collection. This reference will be reported back in the Credit/Debit notification report camt.054.

    1.3 Agreement

    Agreement for the service is signed in the Banks agreement on Payment and information

    services for corporate customers. For more information, contact your local bank branch.

    There are two options for camt.054 SEPA DD:

    Notification with both credits and debits

    Notification with only debits

    1.4 Interval

    The Credit/Debit Notification report is created daily. If there are no entries to report a notification

    will not be sent.

    3 Terms and concepts

    1.5 Abbreviations

    These abbreviations are frequently used and are important for the understanding of the message.

    Term Description

    IBAN International Bank Account Number identifier used nationally and

    internationally by financial institutions. An IBAN consists of a country code, a

    control digit, a bank identifier and a national account number. A Swedish

    IBAN is made up of 24 characters in total and a foreign IBAN can be up to 34

    characters.

    SWIFT SWIFT is the abbreviation of Society for Worldwide Interbank Financial

    Telecommunication and is a communications network used by most of the

    banks in the world for sending each other payment instructions and

    messages.

  • Implementation guide

    ISO 20022 Credit and Debit Notification SDD camt.054.001.02 Page 5

    Version 1.0.0 Publishing date 2014-06-19

    Term Description

    BIC Business Identifier Code is made up of 8 or 11 characters. A unique address

    linked to SWIFT.

    1.6 Parties

    The different parties in the ISO concept are described in the table below.

    Party ISO 20022 Description

    Owner Party that legally owns the account.

    Servicer Party that manages the account on behalf of the account owner.

    Initiating Party The Party on the initiative of which the collection data is established. This can either be the creditor or the party that initiates the direct debit on behalf of the creditor e.g. an agent, Service Bureau or a companys service centre.

    Creditor The Party whose account is credited with the direct debit.

    Ultimate Creditor The Party which is the ultimate beneficiary of the payment. For example the payment is credited to an account of a financing company, but the ultimate beneficiary is the customer of the financing company.

    Creditor agent The Bank where the Creditor has its account.

    Debtor The Party whose account is debited with the direct debit.

    Ultimate Debtor The Party that originally ordered goods or services and to whom the seller has sent

    the invoice. Ultimate Debtor is used when the receiver of the invoice is different than

    the debtor account owner.

    Debtor agent The Bank where the Debtor has its account.

    1.7 References

    The Credit/Debit Notification has the following possible references on the different levels in the

    message.

    ISO Index No.

    Reference type Message position and tag name

    Description

    1.0 Group Header

    1.1 Message Id Unique identification of the message, set by Handelsbanken.

    2.0 Notification

    2.1 Identification Unique identification of the notification, set by Handelsbanken.

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