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ECM: ISO_CT_03 Formatting Issues (Doc ID 1625793.1)

Last updated on JULY 21, 2020

Applies to:

PeopleSoft Enterprise FIN Cash Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.


 ISO_CT_03 file as the following formatting issues:

1. Initiating Party/Id/OrgId </OrgId> empty element tag causes error. If no organization ID is found do not generate the structure.

2. <BIC> is an invalid tag. In this structure <BICOrBEI> is expected.

3. <CdtrAgt>

This Creditor Agent structure is missing. There is no way to give a BIC code if a BIC is given for the settlement transaction. In the absence of a BIC then the appropriate ClearingSystem ID <ClrSysId><Cd> and Member ID <MmbId> appropriate for the given country.

4. <Nm> this is taken from the Bank Name field. This is wrong.

5. <RltdRmtInf> is the pass-through remittance information that the <Crdtr> creditor would send on to the ultimate creditor. Since ultimate creditor cannot be accurately identified, this structure should be excluded from the

1. Navigate to Cash Management > Fees and Transfers > EFT Request, and create EFT Request with ISO_CT_03 layout
2. Under the Cash Management > Settlements menu, select and approve the EFT Request
3. Go to Financial Gateway > Process Payments > Payment Dispatch, and dispatch the payment through Financial Gateway


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