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Customer offset in CAMT054

  • 16 November 2022
  • 6 replies
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JJäthing
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A CAMT054C-file has been received from Danske Bank. On this file we have four transactions in error with the payment amount 0, and two invoice ID’s, one with a negative amount meaning an offset has been made.

“Original file info”:

Message Code: NTAV /Currency: SEK /Amount: 0 /Reference: ####1513120004 -5957902,001513220002 5957902,00##PROPBI 53072807 00251

This should be handled automatically, is this a bug or have we missed something on the basic data set-up?

Jonas Jäthing

 

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Best answer by Rajith Ekanayake 21 November 2022, 17:16

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R
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Hi,

As per my understanding this has not been supported in core Application.

However, would like to know whether these transactions have been recorded in the application as Direct Debiting before doing the matching? Or else, how it happens practically to record a zero amount transaction via electronic payment? May be banks might support offset transactions from their end. But, as per my understanding this has not been supported in core CAMT files.

Kind Regards,

Rajith

 

JJäthing
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This is a customer payment file from Danske Bank, CAMT054, and the transaction is not related to direct debits. My customer uses the Swedish format DDNAG for direct debits and those transactions are reported back in a different file.

R
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Thanks for the information. So, this is a offset transaction done through the banking system(other than Direct Debiting) and interesting to know how the process works, if possible.

Anyway, as I said earlier, I think you can not load transactions with zero amounts through CAMT(in core).

Kind Regards,

Rajith

JJäthing
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Thanks Rajith,

I will reach out to Danske Bank to ask them about the transaction

 

JJäthing
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@Rajith Ekanayake

I have now checked the Danske Bank interpretation of CAMT 054 and the current document is as old as from the year 2013. In that document they clearly state that a payment amount can be 0 (zero)!

Should not IFS adhere to that?

The person in charge of Accounts Receivables at the IFS customer claims to have had several experiences of Swedish banks sending CAMT054 transactions with 0 amounts.

B R Jonas

JJäthing
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Example of a message line with 0 amount as interpreted by IFS in the Extenral interface:

Message Code: NTAV /Currency: SEK /Amount: 0 /Reference: ####1510542507                -54886,001510755703                 54886,00##PROPBI 53072807 00223

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