Does a Special Characters Conversion in PeopleSoft exist?

JDE has the following:

Set up this UDC table with the replacement characters that you
want the system to use instead of unacceptable characters that might exist in
your data. You specify in a processing option whether to convert special characters.

When you run the SEPA Credit Transfer XML program (P7404572),
the system scans the XML file for the characters that are specified in the
Description 01 field in the 74/RS UDC table. It then replaces those characters
with the alternative characters that you specify in the Description 02 field.
Thus, the system deletes the unacceptable characters from the XML file and