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    The document discusses multi-stage payment methods in SAP, which allow businesses to specify a chain of banks for international payments rather than just the originating and receiving banks. It outlines the key steps to configure bank chains in SAP, including defining scenarios, activating the desired scenario, configuring a general bank chain, and maintaining recipient-specific bank chain master data with correspondence bank details for each sender bank. Configuring bank chains in this way allows for faster payments and reduced bank charges by optimizing the routing of funds through intermediary banks.

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    The document discusses multi-stage payment methods in SAP, which allow businesses to specify a chain of banks for international payments rather than just the originating and receiving banks. It outlines the key steps to configure bank chains in SAP, including defining scenarios, activating the desired scenario, configuring a general bank chain, and maintaining recipient-specific bank chain master data with correspondence bank details for each sender bank. Configuring bank chains in this way allows for faster payments and reduced bank charges by optimizing the routing of funds through intermediary banks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    36 views6 pages

    Multi-Stage Payment Methods

    Uploaded by

    nasuu
    The document discusses multi-stage payment methods in SAP, which allow businesses to specify a chain of banks for international payments rather than just the originating and receiving banks. It outlines the key steps to configure bank chains in SAP, including defining scenarios, activating the desired scenario, configuring a general bank chain, and maintaining recipient-specific bank chain master data with correspondence bank details for each sender bank. Configuring bank chains in this way allows for faster payments and reduced bank charges by optimizing the routing of funds through intermediary banks.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 6

    Multi-Stage Payment Methods

    INTRODUCTION:

    The Multi-Stage Payment Methods or Bank Chain function enables business to make a payment via
    more than one bank (for example, correspondent banks or intermediary bank of the house bank
    and/or recipient bank and/or intermediary banks).

    Without bank chain, when making a payment to a business partner abroad, business had to specify
    their house bank and the business partner’s bank when processing payments. These two banks
    represent the start and end of the payment cycle and it was down to the house bank to determine via
    which banks the payment should be made. Using the bank chain function, you can now specify this
    bank chain yourself, leading to faster payment transaction processing and considerable cost savings
    through reduced bank charges.
    (Reference: https://help.sap.com/viewer/6211bf1accac4f2e813e7f8e5fc19e99/6.18.11/en-
    US/cf62d25320cd4608e10000000a174cb4.html )

    We can define up to 3 correspondence banks in SAP

    Bank chain configuration in SAP:

    There are 3 type of bank chain which can be configured in SAP

    1: Bank chain by house bank

    2: Bank chain for bank to bank transfers

    3: Bank chain for business partners

    In this blog post we will be focusing mainly on Bank chain for business partner.

    Generally configuration of bank chain will involve following steps irrespective of type of bank chain.

    1: Define scenarios

    2: Activate bank chain

    3: Define general bank chain

    4: Maintain recipient specific bank chain master data (for determination or correspondence bank)

    1: Define scenarios

    -Scenarios depict the search strategy which will be used for deciding the correspondence bank. 
    SAP delivers some predefined scenarios which will be sufficient to cover any business aspect;
    however we can create our own scenarios.

    Defining scenario will be include scenarios definition and the characteristic of the scenario.
    If general search checkbox is selected then system will look for correspondence
    bank in general bank chain (to be defined in step 3) while processing the
    payment.
    NOTE: Step 3 is not required if general search checkbox is not selected.
    Next we will maintain the ranking order for searching correspondence bank
    based on various master data as shown below.

    2: Activate bank chain

    Based on the scenarios defined above we have to activate the desired scenario based on client
    requirement.
    3: Define general bank chain

    This will be configured to select the bank chain if recipient specific bank chain is not maintained in
    the master data level.

    We will maintain correspondence bank in below node.

    Under assignment tab, we will maintain the house bank details for which the above correspondence
    bank should be considered for determination.
     

    4: Maintain recipient specific bank chain master data


    In this step we will maintain the customer /vendor specific master data as per the
    bank accounts already maintained in vendor /customer master

    Tcode: FIBPU
    Upon execution we will see the list of bank accounts maintained for this particular
    vendor /customer master.

    Double click on bank accounts for which correspondence bank details are to be
    maintained. Here we can maintain correspondence bank per sender bank (i.e.
    house bank)

    Now maintain the correspondence bank details as per currency and House bank

    This completes the configuration for multi stage payment.

    Now if you execute the payment run for above vendor then it will select the correspondence bank as
    per above configuration and the same will be displayed in payment proposal as well as updated in
    payment file .( At table level you can find these details in REGUH table as well) .

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