Creating a periodic payment order

This function is not part of the standard scope of the application.

Explanation

For periodic payment orders, you specify an execution date and an execution interval in addition to the payment order data. The saved periodic payment orders appear in the overview mask and as a task on the authorised user's start page. The generated periodic orders must be signed by the authorised user.

For periodic orders the administrator can define lead days for each business transaction customer-wide. The lead days determine how many days before the execution date the payment order is generated and displayed in the overview mask of the respective payment type as well as a task on the authorised user's start page. You can view the defined lead days via Settings ➔ Customer settings, tab Basic data.

You can create the following periodic payment orders:

	Credit transfer
	Debit
	Cross-border remittance

A periodic payment order corresponds in large part to a payment order (called a standard payment order in this section for better distinction). This section only describes the special features of creating a periodic order as opposed to a standard payment order.

Information on how to create a standard payment order can be found in the section Creating a payment order.

The following describes the creation of a periodic payment order using the example of a bank transfer.

Prerequisite

The required business transactions are available for the ordering party account.

You have the authorisation to create periodic orders.

Procedure

1.

Select Creation ➔ Periodic orders.

The overview mask lists all periodic orders already created.

2.

In the overview mask, click on .

3.

Click on New periodic order – credit transfer.

The creation mask opens.

4.

Your input in the mask area Execution details controls the payment interval of the order.

The fields of the mask area have the following meaning:

Field name

Description

Button Active

Indicates by means of the button position whether the periodic order is active – i.e. will be made available for execution on the next date – or not

Interval

Select the interval at which the order is executed.

Depending on which interval you select, further input fields will open.

Weekday

Only with interval Weekly

Enter the day of the week on which the transfer is to be executed.

Mode

Only with interval Monthly, Quarterly, Semi-annually



Days from start

Select how many days after the start of the month/quarter/half-year the transfer is to be executed.



Days to end

Select how many days before the end of the month/quarter/half-year the transfer is to be executed.

Number of days

Only with interval Monthly, Quarterly, Semi-annually

Select how many days after the start or before the end of the month/quarter/half-year the transfer is to be executed.

Example:

The transfer is to be executed in the middle of the quarter: select the interval Quarterly . Select the mode Days from start. In the field Number of days enter 45.

Alternatively, select Days to end as the mode. In this case, in the field Number of days also enter 45.

First execution

Date from which the transfer is executed for the first time.

Attention:

In the case of an annual execution, the day cannot be a leap day.

Last execution

Date by which the transfer is executed for the last time.

Only for active orders: in the mask area Preview the planned execution data is displayed according to your input.

5.

Fill in the other fields.

The entries correspond to the creation of a standard payment order (see section Creating a payment order).

6.

Save your input.

As soon as a payment order has been generated from a periodic order, you are notified of this on the start page.

7.

The generated payment orders are available for processing in the overview mask of the respective payment type (credit transfers, direct debits or cross-border remittances).

The mask-specific buttons have the following meaning:

Button	Action
Active: Inactive:	Controls whether the payment order is active or not Payment orders are only generated automatically for active periodic orders.
	Generates a payment order based on this periodic payment order Note: If you create a payment order manually via this button, the payment order is generated without a set execution date. The execution date is as soon as possible. This action does not affect the automatic generation of the payment order.
Create payment orders	Generates payment orders for all marked periodic orders Note: If you create payment orders manually via this button, the payment orders are generated without a set execution date. The execution date for all payment orders is as soon as possible. This action does not affect the automatic generation of payment orders.
View created payment orders	Switches to the overview mask of the selected payment type (credit transfers, direct debits or cross-border remittances) and displays all generated payment orders