Hello Experts,
We have a requirement for generating SWIFT MT 205 messages from SAP system, as well as receiving SWIFT MT 205 messages into SAP system. While we know it is possible to generate SWIFT MT 200 and SWIFT MT 202 messages from SAP (Using Repetitive Codes and Payment Requests, and programs RFFOM200 and RFFOM202), we have not come across any processes in SAP which will let us generate SWIFT MT 205 messages. Can anyone let me know:
- If there is a standard business process / program in SAP, that will let us generate SWIFT MT 205 message?
- What should be the typical accounting entry for this? A typical example for SWIFT MT 205 is as follows: http://www.10588.com/pub_web/swift/books/us2m/doc/albf.htm
- For an incoming SWIFT MT 205 message, is there a standard business process for handling, in SAP? If so, what are the accounting impacts generated out of this process?
If anyone can share some ideas, that will be really helpful.
Thanking in anticipation,
Sid.