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Foreign Currency payments with ISO20022 in Germany

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Posted on by CRSW

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Hi

Is there a way to implement foreign currency payments in SEPA ISO20022 for germany? e.g Denmark kann use it for EUR and DKK as I know.

Best regards

Chris

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A B 4 on at

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Foreign Currency payments with ISO20022 in Germany

Hi Chris, have you resolved it?
I'm looking for a solution to generate ISO20022 foreign payments for a German company.
I am aware that the Bundesbank recommends transitioning to the pain.001.001.09/AXZ format starting from November 2023. However, I haven't found any GER credit transfers 2019 for DE, and the generic format lacks many necessary tags. Any suggestions or assistance on this matter would be greatly appreciated.
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André Arnaud de Cal... 291,253 Super User 2024 Season 2 on at

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Foreign Currency payments with ISO20022 in Germany

Hi Chris,

The SEPA payments do cover only the Euro as currency. Denmark does support SEPA, but only for their cross-border payments. You can read more here: SEPA Credit Transfer | C&I Danske Bank (danskeci.com)
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Kevin Xia Microsoft Employee on at

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Foreign Currency payments with ISO20022 in Germany

Hi,

You can refer to this official documentation: A country-specific update for German ISO20022 urgent credit transfer and SEPA credit transfer of version 3.1 in Microsoft Dynamics AX - Microsoft Support. It is mentioned in the article:

For Germany, the extension of ISO20022/SEPA payment formats for generating Same day urgent credit transfer in ISO20022 format is implemented by using the payment formats functionality. The new payment format is available:

Generic ISO20022 CredTrans DE

You may use this format if you need to generate the ISO20022 generic credit transfer (for example, for cross border payments in foreign currency).

Best regards,

Keivn

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