Reporting of Foreign Payments 

Use

The law in Norway requires all banks to keep a record of payments made to banks in other countries, and to report such payments to Norges Bank and other institutions. The system handles this as described in the following.

Activities

Customizing

Enter the official payment category codes defined by the government in Customizing for Financial Accounting (FI), by choosing Accounts Receivable and Accounts Payable → Business Transactions → Incoming Invoices/Credit Memos → Define SCB Indicator for Foreign Trade Regulations.

Payment category code 14 = Payments for purchases of raw materials such as metal, wood, and paper.

Day-to-Day Activities

When you enter a payment for a foreign vendor, enter the appropriate state central bank indicator. If you do not enter an indicator, the payment will be marked as belonging to category code 14.

If you want the Amount Concerned field (see below) in the Telepay file to contain a particular text, enter the text in the payment item text field, starting with an asterisk (*), for example, a permit or license number, for example, *AFF4587555.

Periodic Processing

Telepay payment files contain two fields specifically relating to the reporting of foreign payments, which the system fills out as follows:

●     Payment Category Code (DTATNO04-DECCD) – which corresponds to the state bank indicator in the SAP system

The system copies the payment’s state central bank indicator to this field. If a foreign payment item does not contain a state central bank indicator, the system sets the payment category code by default to 14.

Alternatively, if a state central bank indicator contains an indicator according to service specifications, the system uses this indicator instead of the state central bank indicator.

·        Amount Concerned(DTATNO04-AMREF) – which contains a description of the payment category and sometimes additional information, such as a permit number or license number

The system copies the text from the state central bank indicator field into this field. Alternatively, if you entered a permit number or other text in the payment item as described above, the system uses that text instead.