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How to Setup Supplier for German EFT Payment Formats When the Supplier Uses a Factoring Company ? (Doc ID 341318.1)

Last updated on DECEMBER 03, 2019

Applies to:

Oracle Financials for EMEA - Version 11.5 to 11.5.10.2 [Release 11.5]
Information in this document applies to any platform.
REPORT:JEDEDEFI.RDF - German International EFT Format Program
REPORT:JEDEREFD.RDF - German Domestic EFT Format Program

Goal

How to setup the supplier when the supplier uses a factoring company as the pay to bank account when using German International EFT Format Program (JEDEDEFI) and German Domestic EFT Format Program (JEDEREFD) ?

The EFT file created shows the supplier name and the bank account connected to the supplier site but if this bank account belong to the factoring company the bank refuses the file since the bank account owner is not the same as the supplier name details in the file.


Solution

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In this Document
Goal
Solution


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