News and Announcements icon

Dynamics 365 CommunityForums Microsoft Dynamics AX forum Foreign Currency payme...

Microsoft Dynamics AX forum

Answered

Foreign Currency payments with ISO20022 in Germany

(0) Share

Report

Report

Posted on by CRSW

567

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

Categories:

Development / Customization / SDK

All responses Img

All responses (3)

Answers Img

Answers (1)

A B 4 on at

Like (0)

Report

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.
Verified answer

André Arnaud de Cal... 290,263 Super User 2024 Season 2 on at

Like (0)

Report

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)
Suggested answer

Kevin Xia Microsoft Employee on at

Like (0)

Report
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

Helpful resources

Quick Links

Leaderboard

#1

André Arnaud de Cal... 290,263 Super User 2024 Season 2

#2

Martin Dráb 228,112 Most Valuable Professional

#3

nmaenpaa 101,148

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans