Foreign Currency payments with ISO20022 in Germany

(0) Share

Report

Posted on by CRSW

625

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

I have the same question (0)

All responses (3)

Answers (1)

Suggested answer

Kevin Xia Microsoft Employee on at

Like (0)

Report
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

Was this reply helpful? Yes No
Verified answer

André Arnaud de Cal... 301,035 Super User 2025 Season 2 on at

Like (0)

Report

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)

Was this reply helpful? Yes No
A B 4 on at

Like (0)

Report

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.

Was this reply helpful? Yes No

Join the conversation

Community site session details

Foreign Currency payments with ISO20022 in Germany

Helpful resources

Quick Links

Responsible AI policies

Neeraj Kumar – Community Spotlight

Congratulations to the November Top 10 Community Leaders!

Leaderboard > Finance | Project Operations, Human Resources, AX, GP, SL

Featured topics

Product updates

Community site session details

Foreign Currency payments with ISO20022 in Germany

Helpful resources

Quick Links

Responsible AI policies

Neeraj Kumar – Community Spotlight

Congratulations to the November Top 10 Community Leaders!

Subscribe to this forum!

Select categories

Leaderboard > Finance | Project Operations, Human Resources, AX, GP, SL

Featured topics

Product updates