difference between Finsta and MT940

[Former Member]

hi friends,

can anyone explain the difference between finsta and MT940. and how r they delivered into sap..the entire process from the bank.

cheers

charlie

[Former Member]

Hi

We have implemented the FINSTA edifact message in our project. The main difference between MT940 and FINSTA is that the Note to payee constriant is there in MT940 but in FINSTA the bank can supply as much information as possible.

Thanks

Ashok

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[Former Member]

Hi Ashok

The information usefull to import are limited by the system import logic. If you provide more information, the system doesn't care and don't fill the internal tables. For the note to payee, SAP support 4 lines with 65 chars. Should be enough.

Structured or unstructured.

Kind regards

Simon

[Former Member]

Hi Charlie

FINSTA is the name of the bank statement IDOC used within SAP environment. Some banks provide FINSTA-IDOCs as well, but you should verify the specification from the bank carefully, hence some country specific informations are stored in text fields. The process code in the partner profile (WE20) is FINS. The system process the bank statements then automically based on the configuration.

MT940 is an official S.W.I.F.T. message. Hence the SWIFT specification is quite wide and open, all banks have defined an own MT940 "dialect". SAP has defined an SAP MT940 specified format as well. You should import those ASCII-Files with transaction code FF.5 and post with FEBP.

Kind regards

Simon