EAP: Is IBAN always required for a Vendor using Payment Layout = SEPA_CT?

(Doc ID 1934297.1)

Last updated on FEBRUARY 11, 2016

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.2 and later
Information in this document applies to any platform.


External Account is setup with a DFI ID, IBAN, Payment Layout of SEPA_CT, and Payment Currency of EUR.  Want to pay Vendors that are located in Ukraine and Russia, which are non-IBAN related,using this External Account. When the Voucher is saved, the following error occurs:

IBAN and BIC Required at the (To) Vendor Bank Account (7250,406)

Is it a requirement for the Vendor to have the IBAN and BIC specified, even though the Vendor's Bank does not require it, if trying to pay this Vendor using the Payment Layout = SEPA_CT?


Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms