Multi-Stage Payment Methods
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 )
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
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.
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.
Under assignment tab, we will maintain the house bank details for which the above correspondence
bank should be considered for determination.
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
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) .