Exact Globe

Product Updates 418 and 417: Payment reference information in Priority payment file (iFile) improved for HSBC Singapore and China

The payment reference information of the Second Party Details Record’s (SECPTY) segment of the priority payment files (iFile bank format) has been improved for HSBC Singapore and China. The improvement covers the mapping of the payment reference information to the relevant fields of the SECPTY segment in the priority payment files. Previously, the value from the Description field of the purchase invoice details screen was used as the payment reference information. In this enhancement, the payment reference information will be retrieved from the Payment reference field instead.

The improvement is applicable to the iFile bank format, domestic and foreign payments, as well as to the cash instruments of HSBC Singapore and China.

Mapping of payment reference information in the SEPCTY segment

When generating the priority payment files, the payment reference information of the purchase invoices will be mapped to fields 44, 45, and 46 of the SEPCTY segment. The payment reference information will be mapped to the fields based on the length of characters.

The following sample of the generated bank file reflects the payment reference information that has been defined in the purchase invoice details screen:

Note: The payment reference information for the English characters of the HSBC China cash instrument will only support 30 characters, whereas only 11 characters will be supported for the Chinese characters at each field.