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Former Member
Jan 13, 2012 at 10:20 AM

MT940 file transactions appear in different years (2011-2012)

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Hi

We have received a MT940 file with the value date and document date in different years.

e.g. :61: 1203013012....

Here 12 means 2012, 0301 means value date = 03 January 2012, 3012 means document date = 30th December 2011

However the posting is made in 2012 only for both value date and document date which is incorrect

Value date = 03 Jan 2012

Document date = 30 Dec 2011

This is a compliance / SOX issue as the document date year posted is incorrect.

There are only 2 characters used to specify the year in this case which is 2012 - there should be a facility to specify 2011 also

I assume this scenario is quite common and must have occurred for other users also

I would appreciate any feedback on this item

Thanks in advance

Rahul Kochhar