Create International draft

    1. On your Payment management page, click Create Payment to display the Create payment screen.

      Create payments

      If you want to create a payment based on an existing payment, select Create from existing > Individual payment and enter the name of the International draft you want to use in the box on the right or clickSearch iconto search for and select the payment you want.

      If you want to create a payment based on an existing template, select Create from existing > Template and enter the name of the International draft template you want to use in the box on the right or clickSearch iconto search for and select the template you want.

      If you want to create a freeform payment select International draft from the drop down list in Payment type.

      International draft debit
    2. Click Continue to enter the payment’s details.
    3. In the Debit Account Information section:
      •  Account number – Enter the sort code and account number of the account you want to make the payment from or click Search icon to search for and select the account.
      •  Debit account reference – Currently not available.
      • Account name – The name of the registered account. This field will be pre-populated once you select the account number.
      • Friendly name – The name of the account used to identify it in Commercial Banking Online. This field will be pre-populated when the account number is selected.
       
    4. In the Beneficiary Details Section Information section

      International Draft Bene
      • Beneficiary Name – Enter the name of the beneficiary or click Search iconsearch for and select a beneficiary from the Beneficiary Library.
      • Cheque Drawn On – Enter the country where the draft will be drawn. Options in this will be driven by the currency that you select for your credit amount. After changing your currency code return to this box to verify that the country is correct.

      If you have access to the Beneficiary Library, you can save the details of any new beneficiaries you add to the payment or save changes you’ve made to existing beneficiaries using the Beneficiary Library section. Any changes to a beneficiary record or new entries to the Beneficiary Library will need to be approved before you can submit the payment.
      • Do not update Beneficiary Record – Select this option so that existing beneficiary details are not updated, or that new beneficiary details are not added to the Beneficiary Library. This is the default option
      • Add Beneficiary Record – Select this option to add the beneficiary details as a new record in the Beneficiary Library. After selecting click Update Beneficiary Library.
      • Update Beneficiary Record – Select this option to save any changes to an existing beneficiary record in the Beneficiary Library. After selecting click Update Beneficiary Library.
       
    5. The layout of the Payment details section will depend on whether the Debit Account and International Draft are in the same currency:

      If Debit Account and International Draft are the same currency:

      IAT payment

      • Credit Amount – enter the amount you want to make the draft out to.
      • Currency Code – select the currency of the draft. After changing the currency code return to the Cheque drawn on box above and ensure the correct country is selected.
      • Value Date – the date the money will arrive in the credit account.
      • Transaction Date – the date the payment will be made, this will automatically populate when you select a value date.

      If Debit Account and International Draft are different currencies - please note Credit is currently the available option:

      International Payment Details Different
      • Credit Amount – enter the amount you want to transfer in the currency of the credit account. This will be indicated in the Currency code box.
      •  Debit Amount– enter the amount you want to transfer in the currency of the debit account. This will be indicated in the Currency code box - this field is not currently used.
      • Value Date – the date the money will arrive in the credit account. Click Calendar icon(1) to select the date you want the transaction to take place.
      • Transaction Date – the date the payment will be made, this will automatically populate when you select a value date

      Charging Rules are as follows
      • SHA Only: If the payment is in an EEA currency and to an EEA country then, if the currency of the account being debited is the same as the currency being remitted then the only valid charging option is SHA.
      • OUR / SHA: If the payment is in an EEA currency and to an EEA country then, if the currency of the account being debited is different from the currency being remitted then the only valid charging options are OUR or SHA. The exception to this rule is for a SEPA Credit Transfer where the only valid charging option is SHA.
      • OUR / BEN / SHA: If the payment is in a non EEA currency to the EEA, in an EEA currency to a non EEA country, or OUR / BEN / SHA: If the payment is in a non EEA currency to the EEA, in an EEA currency to a non EEA country, or in a non EEA currency to a non EEA country then the charging options are valid namely OUR,BEN or SHA

      Please note the applicable charging options will vary depending on the currency and country selected.

       

      Foreign Exchange Rates

      Any International Draft that requires a conversion between currencies must have a rate of exchange applied before it can be submitted to the bank. You must be attached to a Role that has Get Rate enabled to carry out this action.

      FX Contract ID Field - If you have a pre-booked FX deal the FX reference number is provided here along with the rate in the associated field. This must be correctly formatted with either B used with spot deal e.g. 2 day value, or F, future expiry date, followed by 8 digits. If a pre-booked rate is not being used an FX rate must be obtained once the payment has been fully approved before it can be submitted to the bank.

      If a pre-booked rate is not being used, an FX rate must be obtained once the payment has been fully approved before it can be submitted to the bank. Once the payment has been fully approved a link titled Get Rate will be available from the pop up confirmation window, follow the link.

      • Once the payment has been fully approved a link titled Get Rate will be available from the pop up confirmation window, follow the link.
      • Alternatively, payments requiring rates can be found within the Needs Rate Payments view within the Payment Management screen.
      • You can also be notified whenever payments require an FX rate by configuring the Payments option within the Notifications bar, any payment requiring an FX rate can be accessed from the FX option within the Payments section.

       
    6. Originator
      • This contains your account information which will be automatically added when you choose your account in the Debit account information section.
       
    7. When you’re ready, submit the payment for approval.

      If you’re not ready to submit the payment yet, save the payment for now.

      If you want to remove all the details you have entered and start the payment again click Reset or click Cancel to return to the Payment management screen.
     

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