End-to-End Reference for Batch Payments

For SEPA collective credit transfers and direct debits, 365 business Banking gives all lines the same base of the end-to-end reference, each with its own ending (-1, -2 …). This enables unambiguous reconciliation.

Business Value

The bank usually reports a collective credit transfer or collective direct debit back as one bank transaction. Without a shared reference, this transaction cannot be assigned to the individual payment lines, and reconciliation must be done manually. Through the shared reference, matching recognizes your own collective payment.

Feature Description

• When the payment is carried out, all lines of a collective order get the same base of the End-to-End Reference, each with an ending of its own (-1, -2 …): with EBICS and file per payment block (for direct debits collection date and sequence type, for foreign credit transfers per currency), with PSD2/XS2A per finAPI order.
• Direct debit collections also receive the reference. When the collection is posted, it is transferred to the journal line and the bank account ledger entry. After the payment is carried out, it can no longer be changed.
• Single SEPA Credit Transfer and SEPA Instant Credit Transfer lines keep their own reference. Netting lines do not belong to any group.
• The reference comes from the End-to-End Reference Nos. in Banking Setup. If no number series is set up, a technical reference E2E… with 35 characters is used.
• If the bank books the collective payment individually, matching additionally uses the amount to assign each transaction to its bank account ledger entry.

Details: End-to-end reference and collective payments