Conversion notes

The conversions also take into account the EPC Implementation Guidelines for SEPA. In many cases, the quality of the input data determines whether a successful conversion is possible.

In particular, the following FIN to SEPA and SEPA to FIN points should be noted:
  • FIN to SEPA - MT data considerations
    • All accounts should be specified as an IBAN.
    • Use BIC/BEI when possible, as conversion of other forms (for example, name and address) is less successful.
    • When converting Name Address to ISO 20022 a country is usually mandatory, which is not available in FIN. In these cases a default of US has been provided.
    • When mapping charges to ISO 20022 a mandatory Charges Party is required, which is not available in FIN. In these cases a default BIC of "XXXXXXXX" has been provided.
  • SEPA to FIN - ISO 20022 data considerations

    Parties in ISO 20022 have diverse formats, many of which have no equivalent in FIN, and so conversion is not always successful. In order to maximize the chances of success ensure parties are defined as:

    BIC/BEI

    or

    Postal Address (with at least 1 AdrLine)