Transaction - WIRE Creation

Each form contains navigation buttons:

• Previous - Go to the previous form. No data will be removed.

• Next - Go to the next form. No data will be removed.

• Cancel - The form will be closed, and all data entered will be removed.

At each step of the manual entry creation, you can:

• Save as a new template - see the transaction templates topic for more information.

At the end of the manual entry form:

• Create the new transaction.

• Export the data that was filled into the manual entry form.

To make the manual creation of a new transaction easier, the Pre-filled Options drop-down allows you to select various options. Once you select one, an additional required field will be displayed next to it for input. For example, if you select “Apply a template”, a Templates drop-down will be displayed to choose a template. If you select “Clone an existing transaction”, a Clone field will be displayed to enter the transaction to clone. For more information on templates and cloning, see:

• Upload the content of a pre-filled template: Transaction templates | How to create a transaction from a template

• Use the data of an existing transaction through cloning: Transaction - WIRE - Creation | How to create a transaction by cloning

When creating a new transaction, you need to specify all of the following general information fields:

• See the transaction Organization

• Select the Flow you want to use to process the transaction. Only the flows belonging to the Organization you selected will be shown in the drop-down.

• Select a Payment type to identify what kind of transaction is created.

• Select the Operation type: The options available will depend on the operation types allowed for the organization selected (For example, Debit and Credit).

More explanations on Operation types:

The debtor is the party sending the money and Creditor is the party receiving the money. That means:

• In operation type Credit, the Debtor is initiating the transaction to send money to the Creditor.

• In operation type Debit, the Creditor is initiating the transaction to receive money from the Debtor.

• Enter a File ID. This ID will be used in the outbound file generated after the transaction creation to identify the file.

• Enter a Transaction reference. This reference will be used to identify the transaction in the outbound file.

Click Next to go to the next form.

• The debtor is the Payor Party that owes an amount of money to the creditor.

• The debtor agent is the Payor FI Financial institution servicing an account for the debtor.

Fill in the following fields:

• Enter debtor account information. Here you can either provide the debtor’s account number or IBAN:

  • If you choose account ID:

    • Enter the account number in the account number field.

    • Select the currency code.

  • If you choose IBAN:

    • Enter the complete IBAN in the account number field.

    • Select the currency code.

  • If you want to use an existing account configuration, select the account from the account available drop-down and click COPY. This action will fill the debtor account information and debtor agent section.

• Enter debtor information:

  • Enter the debtor’s name.

  • Enter the debtor address with the street number, the street name, the town, the country (and sub-country if applicable), and the postal code.

  • Fill in debtor financial institution information using the BIC and/or the national ID fields with the Search button using the Participant Finder tool.

• Enter debtor agent information:

  • If you choose account ID in the debtor account section, you can manually fill in the debtor agent with the Search Agent button using the Participant Finder tool.

  • If you choose IBAN in the debtor account section, use the Fill Agent button to fill in the debtor agent information: if the IBAN is valid, the section will be automatically filled.

Press Next to go to the next form.

• The creditor is the Payee Party to which an amount of money is due.

• The creditor agent is the Payee FI Financial institution servicing an account for the creditor.

Fill in the following fields:

• Enter creditor account information. Here you can either provide the creditor’s account number or IBAN:

  • If you choose account ID:

    • Enter the account number in the account number field.

    • Select the currency code.

  • If you choose IBAN:

    • Enter the complete IBAN in the account number field.

    • Select the currency code.

  • If you want to use an existing account configuration, select the account from the account available drop-down and click COPY. This action will fill the creditor account information and creditor agent section.

• Enter creditor information:

  • Enter the creditor’s name.

  • Enter the creditor address with the street number, the street name, the town, the country (and sub-country if applicable), and the postal code.

  • Fill in creditor financial institution information using the BIC and/or the national ID fields with the Search button using the Participant Finder tool.

• Enter creditor agent information:

  • If you choose account ID in the creditor account section, you can manually fill in the creditor agent with the Search Agent button using the Participant Finder tool.

  • If you choose IBAN in the creditor account section, use the Fill Agent to fill in the creditor agent information: if the IBAN is valid, the section will be automatically filled.

Press Next to go to the next form.

This section will allow you to add other participants to your transaction. You can add 6 types of participants:

• The instructed agent is the Agent that is instructed by the previous party in the chain to carry out the (set of) instruction(s).

• The Instructing agent is the Originator FI Agent that instructs the next party in the chain to carry out the (set of) instruction(s).

• Intermediary agents are Agents between the debtor's agent and the creditor's agent.

• The Instructed reimbursement agent is the Agent to which the instructed agent will be reimbursed.

• The Instructing reimbursement agent is the Agent through which the instructing agent will reimburse the instructed agent.

• The third reimbursement agent is the Agent at which the instructed agent will be reimbursed.

To complete the other participants' section, you can:

• Add a new transaction participant:

  • From the drop-down on Participant type, select the required participant type and click on ADD button.

• Use the Participant Finder tool to find a financial institution.

• Edit a transaction participant:

  • From the same drop-down, select the participant type you already added and click on the Edit button.

• Use the Participant Finder tool to find another financial institution.

• Remove a transaction participant:

  • In the same way, as above, select the participant from the drop-down, and click on the REMOVE button.

Press Next to go to the next form.

Complete the transaction details section:

Fill in the transaction Amount section:

• Enter the Instructed amount, the Equivalent amount, or both amounts for the transaction. At least one is required.

• Select the Currency from and Currency to for the transaction. These two fields are required. For transaction amounts with no change, please select identical currencies.

• If the currencies are not the same, fill in the Exchange rate and Contract ID.

Fill in the transaction Date section:

• Enter the Send date: This date indicates the send date to the next participant.

• Enter the Value date: This date indicates the real date of the fund transfer.

• Enter the Timezone: This timezone will be default as user’s timezone.

• At least one date is required.

Fill in the transaction Fees section:

• Enter the Bearer type (Shared/Creditor/Debtor) with the fee Currency and Amount.

Fill in all other details of the transaction:

• The Priority.

• The transaction Purpose.

• The Remittance info: Information supplied to enable the matching/reconciliation of an entry with the items that the payment is intended to settle, such as commercial invoices in an accounts receivable system.

• Any Internal note information.

• The Instruction for creditor agent.

• Select the value for Exposed Person. If Yes, enter the source of wealth information.

Press Next to go to the next form.

You now have access to the review screen of the transaction and the Create button.

• Reread carefully all of the transaction information that was filled into the review form.

• If Terms & Conditions are attached to the flow used in this transaction manual entry, you need to click on the agreement button before creating the transaction.

• Click on Create a Transaction button to create a new transaction on the Platform.

When you create a transaction, manual entry validation rules will be applied to the transaction based on the flow selected. If any validation fails, the system will display an error or warning message and the transaction will not be created. You can correct the field that is flagged and then retry to create the transaction.

After the transaction creation, you can:

• Go to the transaction page to access the new transaction details page.

• Create a template from the created transaction data after filling in the template name field.

• Create another transaction: the form will be already filled with the previously created transaction data.

• Close the new transaction creation form.