SWIFT Module 7.1 SP10.July 2020 | Configuring SWIFT Module for Message Exchange over SAA | Importing Bank Directory Plus and SEPA Plus | Business Examples Using SEPA Plus
Business Examples Using SEPA Plus
The following table provides examples of business scenarios in which you would use SWIFT Module to derive or validate data against SEPA Plus:
Use the service...
Determine if a BIC is ready to receive SEPA payment instructions for a particular scheme and verify an institution's operational readiness for SEPA schemes.
Confirm that an institution has signed an adherence agreement and that it is published in the adherence database for a particular scheme.
List the different payment channels available for an institution when you want to determine the optimal channel among the available options.
Determine whether an institution has specified a preferred payment channel for receiving payment instructions.
Identify other payment channels, for example when the sending institution can not use the payment channel through which the receiving institution is indirectly reachable, or there is no matching payment channel between the sending and receiving institutions.
For information about the business logic behind these services, see your SWIFT documentation or go to http://www.swift.com.