MT940 Posting rules

[Former Member]

Hello Experts,

I am wondering simple question related to MT940 posting rule configuration.

For the same transaction code in my EBS, it can be either an incoming or an outgoing transaction.

In line :61: there is something identifying before the amount transferred, if this is a Debit or a Credit. Does system able to identify automatically this D/C when uploading MT940 structured file? and take eithier my posting rule with "-" or "+" sign.

This is what I would like to do:

External transaction : 210 - Posting rule Z001 - Sign + - Bank (50) - Wire outgoing (40)

External transaction : 210 - Posting rule Z002 - Sign  - Bank (40) - Wire outgoing (50)

Thank you all for your help

[former_member229024]

Hi,

The answer to this question lies in understanding the MT940 bank statement format.

tag 61 structure is

A sample MT940 tag 61 is :

Hope this clears the query about system identifying D/C values,

Cheers,

[Former Member]

Thank you.

Do I need to set-up search string to isolate D or C sign ? or the system will identify it automatically ?

[former_member229024]

Hi,

system will identity automatically based on OT83 settings..search strings functionality is different and system identifying D/C is different.

Cheers,

[Former Member]

Hi Muf,

You need to check with bank whether they will provide only outgoing payment(-) or incoming payment(+) or for both(-&+) for external transaction type 210 and you can map the setting in OT83 accordingly.

Regards,

Kaim