Payment Advice 
This function enables the bank to make payments, collections, and transfers between accounts, based on the advice given by customers. The payment advice includes information on payment methods (such as cash, check or direct transfers) and on the payment receivers (accounts that receive payments in the case of direct transfers).
The bank collects payment advice at the contract-level or for an individual business process operation. The advice provided by the customer can be changed during the lifetime of the contract.
Prerequisites
You have activated Payment Advice as a feature in the product on which the account is based. You have made the relevant settings in Customizing for Financial Services by choosing Account Management —> Product Management —> Product Definition —> Account Products -> Create Account Product or Change Account Product.
You have the option to set values restrictions of business processes for which payment advice can be maintained for an account of the product.
You have made the necessary settings in Customizing for Payment Advice. For more information, see Customizing for Financial Services by choosing Account Management —> Product Management —> Payment Advice.
You have maintained counterparties for the account holder. For more information, see Payment Counterparty.
Features
A payment advice item consists of:
Business process
Process result type
Payment advice type
Payment counterparty
Activities
You can define multiple payment advice groups by specifying the group numbers to which the payment advice item belongs.
You can split a single payment, collection or transfer among several receivers, thus creating several payment advice items. You can specify split payments to separate counterparties for a loan by amount or percentage. For example, using percentage, if 45% of a single payment is sent to one account and 55% to another account based on customer advice, two payment items are created in the system.