It uses the fixed information associated with the creditor, calculated values and 3 fields which are likely to vary.
Variable fields
The title that will provide message identification
The sequence type. In Excel, you cannot generate XML files with 2 detail levels. Accordingly, a file with a group cannot be generated with the FRSTs then a group with the RCURs in same xml file.
Consequently, an xml file by sequence type shall be generated.
DD date.
XML file header
The title that will provide message identification
The sequence type. In Excel, you cannot generate XML files with 2 detail levels. Accordingly, a file with a group cannot be generated with the FRSTs then a group with the RCURs in same xml file.
Consequently, an xml file by sequence type shall be generated.
DD date.
Fixed values
These are data that you find by asking your financial institution.
Initiating Party Name: your name.
Normally this is the same in Creditor Name and in the name of Creditor Scheme Identification.
Unless there are brokerage concepts to be determined with your bank.
+ Local Instrument Code: CORE or B2B. I think CORE works in all cases.
Your bank details of the account to be credited:
Creditor Account Identification -> IBAN
Creditor Agent Financial Institution Id ->BIC
Creditor Scheme Identification / ID: your SEPA identifier assigned to you by your bank.
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