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Procedure documentationCreating a Standing Order

Procedure

  1. Choose Start of the navigation path Account Management Next navigation step Standing Order Create. End of the navigation path

  2. Specify the transaction type upon which the standing order is based, the payment method and the ordering party account.

    Note Note

    For more information about variable standing orders, see Variable Standing Order.

    End of the note.

  3. Choose Continue.

  4. Enter the amount and the recipient data.

    You have various options for identifying the recipient bank in Customizing under Start of the navigation path Account Management Next navigation step Basic Functions for Account Management Next navigation step Set Up Recipient Account Identifications End of the navigation path:

    • Classic

      Bank country, bank key, account number, (possibly bank control key)

    • Classic + SWIFT

      Bank country, bank key, SWIFT code, account number, (possibly bank control key)

    • IBAN + SWIFT

      IBAN, SWIFT code

      If the payment transaction is a SEPA direct debit (SDD), you need to specify the IBAN in the bank details. On the Overview tab page, you can also specify the mandate reference, creditor ID, and the due date of the transaction.

      For more information, see the following:

    Define the key date and the time periods with which the standing order is to be executed. Choose Continue, and the system then suggests the next execution date.

    Note Note

    Tip: In the case of a weekend or public holiday, you can shift the posting of a standing order either to the next or to the previous working day.

    End of the note.

  5. When you save the standing order the system issues a standing order number specific to the account.

    Note Note

    Release Procedure

    1. If you have defined a release procedure for standing orders, the new standing order now has the New - In Release Process status. It needs to be released by a user with appropriate authorization.

    2. You cannot delete standing orders with this status.

    3. If you reject standing orders with this status, the system assigns the Deleted status.

    4. If the standing order is being used for a recurring SDD order, the system triggers the relevant mandate and SEPA checks. For more information, see Creation of SEPA Direct Debit Orders: Recurring.

    See: Release Object STORD (Standing Order) and Release Object STORD_VAR (Variable Standing Order)

    End of the note.

    Note Note

    Charges

    You can levy charges for the creation, change, or deletion of a standing order, by using the DirectCharges condition category. If a standing order is subject to release, the system levies these charges only after the standing order is released.

    End of the note.

    Note Note

    Execution

    You can execute standing orders as part of the end-of-day processing.

    If a standing order cannot be executed, (for example, due to a negative limit check), the system generates a payment order with the status In Postprocessing. You can then decide whether or not the payment order is to be posted. You can also delete this payment order.

    End of the note.