Country-specific update for France: ISO 20022 Credit transfer format for international payment and treasury transfer

Summary

This is a country-specific update for French localization to support international payment and treasury transfer in ISO 20022 format (pain.001). With this update, extended support of cross border payments outside of SEPA area, treasury transfers and payments in currencies different from EUR.

More information

For more information on the setup, see also

• Set up company bank accounts for ISO20022 credit transfers

• Set up method of payment for ISO20022 credit transfer

• Set up vendors and vendor bank accounts for ISO20022 credit transfers

• Create and export vendor payments using ISO20022 payment format

The way how the structure of the Remittance information section in the payment file is generated is extended by a new parameter supporting both Structured and Unstructured options.

Prerequisites. GER configurations

Latest versions of the following GER configurations should be imported from LCS repository:

• ISO20022 Credit transfer (FR)

All required model and model mapping configurations would be imported automatically.

For more information on the importing process, see also Import ISO20022 credit transfer configuration.