Payment Formats in the United Kingdom

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This blog aims to help users matching SAP Payment Formats with UK bank payment schemes.





This article covers an overview of SAP-delivered Payment Formats for the UK market. Moreover, there are examples, how templates of SAP Payment Formats can be used to meet bank-specific requirements.

Firstly, the table of the most common interbank payment schemes used in the UK. Click on the hyperlinks to find all sources.

INTERBANK PAYMENT SCHEME	DESCRIPTION
BACS	Transfer 2-3 days
	Limit value £20m or £999m depends on conditions
CHAPS	Transfer within seconds on working days excluding banks holidays
	Non-limit value
FASTER PAYMENT	Transfer within 2 hours
	Limit £250 000
SWIFT	Transfer 2-5 days on average
	Non-limit value
SEPA - Single Euro Payments Area	Transfer 1-2 banking days
	Value limit depends on participants

Then, there is a list of SAP-delivered Payment Formats localized for the UK.

SAP PAYMENT FORMAT in the UK	FILE OUTPUT	COMMENT
GB_BACS	Flat File	BACS Standard 18 specifics
GB_CGI_XML_CT  GB_CGI_XML_DD	XML	ISO 20022 &
		CGI – The Common Global Implementation
GB_MT101	Flat File	Outgoing Credit transfers

 

The last table is describing a few examples, how SAP-delivered Payment Formats can be used with a particular bank.

BANK	INTERBANK PAYMENT SCHEME	SAP PAYMENT FORMAT in the UK
HSBC UK	BACS	GB_BACS
	FASTER PAYMENT	GB_CGI_XML_CT  GB_CGI_XML_DD
Lloyds Bank	BACS	GB_BACS
Barclays Bank	BACS	GB_BACS
		* MT103
	SEPA Direct	GB_CGI_XML_CT GB_CGI_XML_DD
The Royal Bank of Scotland	CHAPS	GB_CGI_XML_CT GB_CGI_XML_DD
		GB_MT101
	International Payment	GB_MT101

*Note, that SWIFT MT103 is not directly provided as SAP-delivered Payment Format for the UK market but there is a general template MT103 that can be adjusted. Find detailed explaining how to Create, Copy, Delete & Release in Map Payment Format Data in this article. In order to see all the payment formats available in Fiori Map Payment Format Data application, follow this link.

In case you face any issues with the Payment Formats feel free to raise an incident on
FI-AP-AP-B1 component or if you have a generic question to the mapping tool raise the incident to CA-GTF-CSC-DME.

Find out more details about UK payment formats and statements for SAP S/4HANA Cloud 1811 in the App Documentation.

List of all Payment Medium Formats for SAP S/4HANA Cloud link

Have you found this blog useful? Do SAP-delivered Payment Formats match with your house bank requirements for Payment file transmission?  Please, let us know your experience in the comment section below to enhance our services.