Swiss Payment Standards 2018 Swiss Business Rules for Payments and Cash Management for Customer-Bank Messages Version 2.7, with effect from November 2018 Version 2.7 – 27.01.2018 General note Any suggestions or questions relating to this document should be addressed to the financial institution in question or to SIX Interbank Clearing Ltd at the following address: [email protected]. Amendment control All the amendments carried out on this document are listed in an amendment record table showing the version, the date of the amendment and a brief amendment description. Change of name from "BC number" (BC No.) to "Institutional identification" (IID) The concept of the BC number, short for Bank Clearing Number, has been out-of-date since at least 2010, when the Swiss National Bank provided access to the SIC system also to participants without the status of a bank, such as insurance companies. Furthermore, this number is used not only for the clearing of payments, but also for information that goes beyond the various payment traffic infrastructures. One example is the function of the BC number as part of the IBAN, a form of bank account number that can be used for many purposes. This is why the Swiss Payment Standards will in future use "IID" (institutional identification) instead of "BC no.". © Copyright 2018 SIX Interbank Clearing Ltd, CH-8021 Zurich Page 2 of 77 Version 2.7 – 27.01.2018 Swiss Business Rules Amendment control Amendment control Version Date Amendment description 2.7 18.12.2017 Title changed to "Swiss Payment Standards 2018", version and start of validity indicated on title page. Section 1 and 1.4: Swiss Usage Guide removed. Section 1.4: New versions of the SEPA Rulebooks and Implementation Guidelines 2017, Swiss Implementation Guidelines QR-bill newly added. Section 1.5: Version description made more precise. Section 2.1.1: Information about the QR-IBAN added. Section 2.1.2: Note about the creditor’s financial institution for SEPA transfers modified. Section 2.1.3: Note inserted that payment type 7 will no longer be supported after 01.01.2018. Section 2.1.4: Description of QR-bill inserted. Section 3.1: Description of AOS "Additional participants" adapted. Section 3.5: Information about the "camt" versions that are supported has been updated. Section 4.2.3: Formatting rules made more precise. Section 4.3.1: AOS Batch Booking <BtchBookg> and references to different currencies removed. Section 4.4: Description of "Remittance Information" modified and payment type E1 deleted. Section 4.5.1 and 4.5.2.3: "Instruction Priority" NORMAL corrected to NORM. Section 4.8: New description inserted. Section 4.13.2: AOS formulated to be non-payment-type-specific. Section 7.1: SIC message standard deleted and text made more precise. Section 7.2: Text made more precise. Section 9.5: New description inserted. Section 9.7: Message names deleted from title Section 9.7.1: Description of "Batch booking for business cases ISR/LSV, CH-DD and QR-IBAN" inserted. Section 9.8.2: Code INFO added. Section 9.8.5: "Reference Account Owner" is not Field 61, sub-field 7, but Field 86. Text in note made more precise. Section 9.10.1: Code OTHR added. 27.01.2018 Publication as "Correction Version": Replaces original version 2.7 dated 18.12.2017. The amendments are marked in the document with a vertical blue line in the margin. 2.6.2 07.08.2017 Publication as "Minor" version: Change of the designation «Swiss recom- mendations» to «Swiss Payment Standards». 2.6.1 07.11.2016 Publication as "Minor" version: Section 2.1.4 Look ahead to "Payment slip with QR code" (with effect from 2018) updated. Version 2.7 – 27.01.2018 Page 3 of 77 Amendment control Swiss Business Rules Version Date Amendment description 2.6 25.07.2016 Title page and colour scheme for tables and illustrations amended to comply with the new Brand Identity Guidelines. Various textual changes/standardisations throughout the document. Explanation of the change from BC no. to IID added to the Foreword. Section "Payment Status Report (pain.002)" removed to separate Implementation Guidelines. 2.5 10.08.2015 General updating of the document 2.4 30.06.2013 Various clarifications 2.3 30.04.2012 Various clarifications, section 6.10 "Validation point" completely revised, new company logo 2.2 16.08.2011 Amendments to Cash Management messages, general updating of the document 2.1 01.06.2010 Additions relating to the Status Report 2.0 15.02.2010 Updating of recommendations to comply with ISO MR 2009, Additional information about Cash Management (only German version) 1.0 15.05.2009 First edition (only German version) Page 4 of 77 Version 2.7 – 27.01.2018 Swiss Business Rules Table of contents Table of contents 1 Introduction ............................................................................................................................... 8 1.1 Amendment control ................................................................................................................ 8 1.2 Scope .................................................................................................................................... 9 1.2.1 Elements with no relevance to the Swiss Payment Standards ................................................. 9 1.2.2 Additional Optional Services (AOS) ........................................................................................ 9 1.2.3 Direct Debit .......................................................................................................................... 10 1.3 Benefits ................................................................................................................................ 11 1.4 Reference documents .......................................................................................................... 12 1.5 Interface versions ................................................................................................................. 14 1.6 Links to the relevant Internet pages ...................................................................................... 14 2 Business situations ................................................................................................................ 15 2.1 Credit Transfer Initiation ....................................................................................................... 15 2.1.1 Transfers to a financial institution in Switzerland ................................................................... 15 2.1.2 Transfers to a financial institution abroad .............................................................................. 16 2.1.3 Payments not involving a financial institution in Switzerland or abroad .................................. 17 2.1.4 QR-bill (with effect from 2019) .............................................................................................. 18 2.2 Direct Debit Initiation ............................................................................................................ 19 2.2.1 Direct Debit Initiation for the SEPA direct debit procedure ..................................................... 19 2.2.2 Direct Debit Initiation for the Swiss direct debit procedure ..................................................... 19 2.3 Cash Management messages .............................................................................................. 19 3 Message structure and summary .......................................................................................... 20 3.1 Summary of message flow ................................................................................................... 20 3.2 Message structure Customer Credit Transfer Initiation .......................................................... 21 3.3 Message structure Customer Direct Debit Transfer Initiation ................................................. 23 3.4 Message structure Payment Status Report ........................................................................... 25 3.5 Message structure Cash Management messages ................................................................. 27 4 Customer Credit Transfer Initiation ........................................................................................ 30 4.1 Principles of message structure ............................................................................................ 30 4.1.1 Treatment of B- and C-Level in Customer Credit Transfer ..................................................... 30 4.1.2 Inheritance of instructions ..................................................................................................... 30 4.1.3 Elements which have no relevance to the Swiss Payment Standards ................................... 30 4.2 Grouping of payments .......................................................................................................... 31 4.2.1 Survey ................................................................................................................................. 31 4.2.2 Forming groups .................................................................................................................... 32 4.2.3 Grouping based on "Payment Type Information" ................................................................... 32 4.3 Booking information (Batch Booking) .................................................................................... 33 4.3.1 Use of Batch Booking in Switzerland .................................................................................... 33 4.4 Customer Credit Transfer Initiation references