Exact Globe

Product Updates 414 and 413: Euro and non-euro transactions supported for the SEPA credit transfer format PAIN.001.001.03 (all legislations)

From this product update onwards, Exact Globe Next now supports both euro and non-euro transactions for the SEPA credit transfer (SCT) PAIN format, PAIN.001.001.03. This format is applicable to the Luxembourg cash instrument.

In the Cash instruments maintenance screen, the SCT: Currency field has been added in the Settings tab, with the options All and Euro available for selection.

Once All is selected and stored in the cash instrument, the currency used in the transaction will be included in the generated SCT XML file. The existing Foreign Credit Transfer (FCT) format will no longer be generated. When Euro is selected, only the euro currency will be included in the generated SCT XML file.

For more information, see Product Update 406: SEPA Credit Transfer and Direct Debit formats introduced to several countries.