Settlement section
The settlement section defines how the payment is settled, including foreign exchange, charges, and actual booking entries.
Fields
The key fields that are available are shown in the following list.
- Settlement Method
- How settlement occurs. For example, INDA – Instructed Agent, INGA – Instructing Agent, COVE – Cover.
- Settlement Priority
- Urgency level. For example, HIGH, NORM, and URGENT.
- Credit Value Date
- The date when the creditor’s account is credited.
- Debit Value Date
- The date when the debtor’s account is debited.
- FX Required
- Indicates whether currency conversion is needed.
- Rate Type
- Type of exchange rate. For example, SPOT, AGRD – Agreed.
- FX Currency Code
- Currency that is converted.
- FX Rate
- The exchange rate.
- Exchange Rate
- Alternative rate field.
- Agreed Rate
- Pre‑agreed exchange rate.
- Transaction Price
- Price for the FX transaction.
- Rate Contract ID
- Reference to FX contract.
- Price Agreement
- FX pricing agreement reference.
- Charge Bearer
- The party that pays the charges. For example, SHA – Shared, OUR – Debtor, BEN – Creditor.
- Charge Amount
- The amount that is charged.
- Charge Amount Currency
- Currency of charges.
- Charge Type
- Type of charge that is applied.
- Product Charge
- Charges for the product.
- FX Charge
- Foreign exchange charges.
- Total Charge
- Sum of all charges.
- Charge Account
- Account from which charges are debited.
- Charge Currency
- Currency for charges.
- Waive Charge Indicator
- Indicates whether the charges are waived.
- Charge Agreement ID
- Reference to charge agreement.
- Charge Agreement Name
- Name of charge agreement.
Charge Agent
The agents that are available are shown in the following list.
- BIC
- Bank Identifier Code of the charging bank.
- Amount
- Charge amount.
- Currency
- Charge currency.
Debit Booking
The debit booking details are shown in the following list.
- Debit Account
- Account being debited (IBAN or BBAN).
- Debit Account Currency
- Currency of the account.
- Debit Account Type
- Type of account.
- Debit Account Name
- Account holder name.
- Debit Charge Amount
- Charges that are debited.
- Debit Charge Currency
- Currency of the charges.
- Fx Services
- Whether FX is needed for charges.
- Debit Amount
- Total amount that is debited.
- Debit Currency
- Currency of debit.
Credit Booking
The credit booking details are shown in the following list.
- Credit Account
- Account that is credited (IBAN or BBAN).
- Credit Account Currency
- Currency of the account.
- Credit Account Type
- Type of the account.
- Credit Account Name
- Name of the account holder.
- Credit Charge Amount
- Charges that are deducted from credit.
- Credit Charge Currency
- Currency of charges.
- Fx Services
- Whether FX is needed for charges.
- Credit Amount
- Total amount that is credited.
- Credit Currency
- Currency of credit.