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Hi Experts

Payment in the currency of CNY requires a certain PoP-Code.

 

So far the this Code is entered manually whenever we upload the file to the e-banking platform.

 

The bank is now capable to receive the Code as an Unstructured message in the following TAG (see below TAG”.

 

Does anyone has an Idea or know if its possible to define these codes in IFS and send it along within the iso20022 payment file?

 

Best Regards

Sophal

Hello @bytsophan 

In payment proposal, there is a field Remittance Information. This is mapped to <RmtInf><>Ustrd>

You must enter the information manually.

 

Here is description of the usage from a document I have.

 

Use of Remittance Information, the payee get more detail information about the Payment of Account/Payment in Advanced. If Remittance Information is empty, the element <Ustrd> gets the value Payment on Account.

 

 

Hope this helps

@bytsophan I am suggesting to double-check with the bank because I don’t think Remittance Information is not the right XML element to show the payment purpose codes in China. There is a separate XML tag <Purp> might be an appropriate XML element to show this value. You can define the value in the electronic payment address of the supplier.

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