Use the Settlements window to generate payment instructions in a report or an EFT payment file. If you choose to generate payment instructions in an EFT payment file, you can optionally use the payment transmission process of Oracle Payments to transmit the output file to your bank
Once you transmit the output file to your bank, you can run the Retrieve Payment File Confirmations program in Treasury. This program retrieves confirmation files from your bank's directory, saves the confirmation files in your local directory, and sends a transmission status notification email to the specified user.
Navigate to the Settlements window.
Authorize the settlement that you want to generate the payment for by selecting the Authorized check box in the Maintain Settlements window. After you select each settlement that you want to authorize, you need to re-query the settlements in the Settlements window.
Select the Generate Report/Script button.
Note: At least one settlement transaction must be authorized and your cursor must be on an authorized transaction row before the Generate Report/Script button is activated.
The Submit Report/Script window appears.
Select the company that is making the payment in the Company field.
Select the counterparty that is the payee in the Counterparty field.
Enter the currency of the settlements to be paid in the Currency field. If you do not enter a value here, settlements of all currencies are eligible to be included in the payment file.
Enter the account name in the Account Name field.
Enter the settlement date in the Settlement Date field.
Select the script name in the Script Name field.
Enter the settlement amount in the Settlement Amount field. Two fields are provided to offer a range of nominal values for the settlements. If you do not enter amounts, all nominal values of settlements are eligible to be included in the payment file.
Choose Yes or No in the Transmit Payment field to indicate whether to automatically submit the EFT payment file to your bank. If you select Yes, the system generates and transmits the payment file based on the Payment Transmission Name associated with the script you selected. If you select No, the system does not transmit the EFT payment file; it only generates the file.
Note: The value Yes is available only if a Payment Transmission Name is assigned to the settlement script that you select. If no Payment Transmission Name is assigned to the settlement script, the value defaults to No.
Check the Re-run Previous check box to include previously processed settlements to your bank. If you do not want to include previous processed settlements, uncheck the box.
Choose the Submit button. The system creates payment instructions according to the settlement script. If you chose Yes in the Transmit Payment field, the Transmit Payment File Program automatically transmits the EFT payment file to your bank. You can confirm if the payment instructions were generated by viewing the output file in the Requests window. See: Monitoring Requests.
You can confirm if the payment file was successfully transmitted to your bank by submitting the Retrieve Payment File Confirmations program in Treasury. The Retrieve Payment File Confirmations program retrieves confirmation files from your bank's directory, saves the confirmation files in your local directory, and sends a transmission status notification email to the specified Treasury user.
In Oracle Treasury, you can use electronic funds transfer (EFT) to send an electronic file to your bank that instructs the bank to transfer funds from your account to your counterparty's account. You can use standard payment formats or a custom developed format. These electronic payment formats are available in Oracle Treasury:
Bank of New Zealand Format
SWIFT MT 100 Format
ANSI X12 820 Format
Note: The EFT payment formats only relate to outgoing payments in Oracle Treasury.
Once you have generated an electronic payment format, you can use the payment transmission process of Oracle Payments to optionally transmit the output file to your bank. See: Generating Payment Instructions and Transmitting EFT Payment Files.