SAP ABAP Data Element FSEPA_INST_CODE (Local Instrument Code (Direct Debit Type))

Hierarchy

☛ SAP_FIN (Software Component) SAP_FIN
   ⤷ FI-AR-AR-PT (Application Component) Payment Transactions
     ⤷ FIN_SEPA (Package) Single Euro Payments Area (SEPA) - FI Specific Details

Basic Data

Data Element	FSEPA_INST_CODE
Short Description	Local Instrument Code (Direct Debit Type)

Data Type

Category of Dictionary Type	D	Domain
Type of Object Referenced		No Information
Domain / Name of Reference Type	FSEPA_INST_CODE
Data Type	CHAR	Character String
Length	4
Decimal Places	0
Output Length	4
Value Table

Further Characteristics

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Parameter ID
Default Component name
Change document	☐
No Input History	☐
Basic direction is set to LTR	☐
No BIDI Filtering	☐

Field Label

	Length	Field Label
Short	0
Medium	20	Local Instr. Code
Long	30	Local Instrument Code
Heading	0

Documentation

Definition

In the SEPA format for direct debits, the Local Instrument Code field, which refers to the direct debit type being used, specifies (among other things) how many days before the settlement date you have to submit the payment file to the bank.

Use

Dependencies

The rules of the European Payment Council for the Local Instrument Code read: 'Only CORE (SEPA Core direct debit) COR1 (SEPA Core direct debit with D-1 agreement), and B2B (SEPA direct debit business to business) is permitted'.

This means as a rule that for

• a first collection with CORE you have 5 days,
• a subsequent collection with CORE you have 2 days,
• a collection with COR1 and B2B you have 1 day

to submit the payment file to the bank before the settlement date.

Example

History

Last changed by/on	SAP	20131127
SAP Release Created in