SEPA – Multiple payments files

According to the Central Bank of Cyprus guidelines and the Regulation (EU) No 260/2012, all multiple payments within Single Euro Payments Area (SEPA), like payrolls, suppliers’ invoices and other mass payments, should be processed as per specific technical requirements.

The standards for the message format are defined by XML Customer Credit Transfer Initiation message (ISO20022) –pain.001.001.03.

According to the timeframe set by the EU Regulation, for Cyprus the 3rd February 2016 is the termination date of existing electronic files format (e.g. text files).

Therefore, customers remitting such instructions to the Banks, should forward their files making sure that they comply with the predefined format.

In order to facilitate customers, implementation guidelines are found below.

The utmost care has been taken to make sure the information in this publication is correct. However, the Bank by no means can be held liable for any loss or damage incurred due to any incorrect or incomplete information mentioned in this publication.

GUIDELINES FOR PAYROLL AND GROUP TRANSFERS FILES THROUGH THE CHANNELS (1bank and FTP):

XML Implementation Guidelines for Payroll and Group Transfers Files

XML sample file for Payroll and Group Payments

Pain.001.001.03 (Payroll/Group payments schema that can be used in validation tools)

 

GUIDLINES FOR MULTIPLE PAYMENTS FILES THROUGH 1bank:

XML Implementation Guidelines for Multiple Payments

XML sample file for Multiple Payments

Pain.001.001.03 for Multiple Payments (schema for 1bank multiple payments that can be used in xml validation tools)

FOR COMPANIES WHO MIGHT NOT BE ABLE TO MEET THE DEADLINE, AN XML CONVERTER TOOL IS AVAILABLE. BEFORE USING THE TOOL READ THE CONDITIONS FOR USE OF THE XML CONVERTION TOOL.

CONTACT US 800 00 800 / (+357) 2212 8000 EMAIL US