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Switzerland Payment File Format for UBS CHF Accounts in NetSuite
Switzerland Payment File Format for UBS CHF Accounts in NetSuite
Hi everyone,
We are currently configuring payment automation in NetSuite for a Swiss entity using UBS bank accounts in CHF and EUR.
During the review of the available EFT/payment file templates configured in NetSuite, we could not find any Switzerland-specific payment formats such as:
- pain.001 CH
- SIC
- Swiss domestic payment templates
The only available templates that could potentially support Switzerland-related payments are more generic cross-border formats such as:
- DTAZV / M42-DTAZV
- Barclays MT103
- J.P. Morgan Freeform GMT
However, these do not seem to be a natural fit for a Swiss legal entity making domestic payments from Swiss UBS CHF accounts.
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