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For Sepa validations where is Document Payee/Payer bank branch country taken from

in Payables, Payments & Cash Management 4 comments

In Sepa validations where is Document Payee/Payer bank branch country taken from.

According to the documentation, https://docs.oracle.com/en/cloud/saas/financials/23d/fappp/validations-for-iso-20022-sepa-and-cgi-credit-transfer-messages.html#s20046712

Sepa Validation verifies that:

  • the disbursement bank branch country is within the EUROZONE. If the bank branch country is within the EUROZONE, then the payment process request proceeds to the next step.
  • the payee bank branch country is within the EUROZONE. If the bank branch country is within EUROZONE, then the payment process request proceeds to the next step.


How does the system determine in which county is the bank?

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