QUICK REFERENCE GUIDE. ING Payment Processing Offer in XML

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1 QUICK REFERENCE GUIDE

2 TABLE OF CONTENTS 1. ING PAYMENT PROCESSING TYPES ENCODING How to request the different payment processing? Standard Payment Processing Urgent Payment Processing Same Day Value Processing Prio Payment Processing XML FILE UPLOAD How to request the different payment processing? Standard Payment Processing Urgent Payment Processing Same Day Value Processing Prio Payment Processing CONTACT DETAILS QRG Page 2 of 10

3 1. ING Payment Processing Types ING provides you with four different types of payment processing whether you are using the Isabel 6 Payments Wizard or use your own XML files created with your accounting software or ERP package. Standard Urgent Same Day Value Prio payment A payment without special conditions, possible for all available currencies, whereby the funds arrive at the correspondent bank at the normal delay related to the transfer currency. An accelerated payment, possible for all available currencies, whereby the funds arrive at the correspondent bank 1 day faster than the Standard payment. This payment might incur additional costs. A payment offered at the correspondent bank with the first possible value date. ING will apply a compensated value date, namely the debit value date will be considered equal to the date on which the correspondent bank is credited. A Same Day Value payment might incur additional costs but is limited to ING Belgium ordering accounts and all currencies supported at ING Belgium. A payment processed in real-time. The funds are credited within the hour at the correspondent bank. This payment processing feature might incur additional costs and is not available for all ordering accounts or transfer currencies. QRG Page 3 of 10

4 2. Encoding 2.1. How to request the different payment processing? To achieve the desired payment processing, it is necessary to properly request the behavior when either introducing your payment in the Isabel 6 Payment Wizards. This can be done using options in second part of the Isabel 6 wizards (Define additional payment data) Standard Payment Processing This is the default processing you will receive when encoding a transaction in the Isabel 6 Payment or Group of payments wizard. To request this processing, it is sufficient that you do not tick the checkbox or do not select any of the Reason of payments listed for the Same Day Value and Prio payments in the second part of the Isabel 6 wizards (Define additional payment data) Urgent Payment Processing This is the first step in faster payment processing which can be requested when encoding a transaction in the Isabel 6 Payment or Group of payments wizard. To request this processing, you must tick the the Isabel 6 wizards (Define additional payment data). checkbox in the second part of QRG Page 4 of 10

5 2.4. Same Day Value Processing This payment processing is only available for ordering accounts held at ING Belgium (BBRUBEBB). To request this processing, you must use so-called Code Words by selecting them in the Reason of payment dropdown list in the second part of the Isabel 6 wizards (Define additional payment data). Please note that ticking the checkbox will not speed up your payment processing. Following Code Words or Reason of payment will trigger Same Day Value processing: 14-Cash management transfer 15-Trade settlement 17-Hedging operation 19-Loan 20-Securities 22-Trade Important remark Using these Code words for transactions from an ordering account not held at ING Belgium will result in Urgent Payment Processing Prio Payment Processing This payment processing will result in real-time execution of your payments. In general this means that the funds are credited at the correspondent bank in one hour. To request this processing, you must use a so-called Code Word by selecting it in the Reason of payment dropdown list in the second part of the Isabel 6 wizards (Define additional payment data). Please note that ticking the checkbox will not speed up your payment processing. QRG Page 5 of 10

6 Following Code Words or Reason of payment will trigger Prio processing: 11-Treasury In order to have a transaction processed via TARGET2, your payment needs to meet the following conditions: o All the transfers within the payment batch must be SEPA compliant. All transfers must be in EURO and between countries within the SEPA-zone. o Global Debit booking is not requested. o The ordering account must be held at one of the following ING branches: ING Austria (INGBATWW) ING Belgium (BBRUBEBB) ING France (INGBFRPP) ING Germany (INGBDEFF) ING Ireland (INGBIE2D) ING Italy (INGBITMM) ING Netherlands (INGBNL2A & BBRUNL2X) ING Portugal (BBRUPTPL) ING Spain (BBRUESMX) ING United Kingdom (INGBGB22) For all other transactions, clearing via a Real Time Gross Settlement system will be requested from the ING branch of the ordering account, however is subject to its availability depending on its characteristics (such as transfer currency, credit account institution ). QRG Page 6 of 10

7 3. XML File Upload 3.1. How to request the different payment processing? To achieve the desired payment processing, it is necessary to properly request the behavior when creating the XML files to be sent to ING. Detailed information on how to create your XML files to get the utmost out of the ING payment offer can be found in the ING Appendices to the Febelfin Guidelines. If you are interested in receiving the latest version, please contact ING Client Services (see below) Standard Payment Processing This is the default processing you will receive when delivering a payment to ING in a XML file. To request this processing, it is sufficient to not specify the XML tag InstructionPriority or fill it with the value NORM. Also ensure not to specify any of the Category Purposes listed for the Same Day Value and Prio payments Urgent Payment Processing This is the first step in faster payment processing which can be requested when delivering a payment to ING in an XML file. To request this processing, you must add the XML tag InstructionPriority with the value HIGH. QRG Page 7 of 10

8 3.4. Same Day Value Processing This payment processing is only available for ordering accounts held at ING Belgium (BBRUBEBB). To request this processing, you must use so-called Code Words by adding the XML tags Category Purpose and Code with a specific value in your payment file. Please note that adding the XML tag InstructionPriority with the value HIGH will not speed up your payment processing. Following Code Words or Category Purposes will trigger Same Day Value processing: CASH CORT HEDG LOAN SECU TRAD Important Remark Using these Code words for transactions from an ordering account not held at ING Belgium will result in Urgent Payment Processing Prio Payment Processing This payment processing will result in real-time execution of your payments. In general this means that the funds are credited at the correspondent bank in one hour. To request this processing, you must use a so-called Code Word by adding the XML tags Category Purpose and Code with the value TREA to your payment file. Please note that adding the XML tag InstructionPriority with the value HIGH will not speed up your payment processing. QRG Page 8 of 10

9 In order to have a transaction processed via TARGET2, your payment needs to meet the following conditions: o All the transfers within the payment batch must be SEPA compliant. All transfers must be in EURO and between countries within the SEPA-zone. o Global Debit booking is not requested (the xml tag BatchBooking must be present with the value false). o The ordering account must be held at one of the following ING branches: ING Austria (INGBATWW) ING Belgium (BBRUBEBB) ING France (INGBFRPP) ING Germany (INGBDEFF) ING Ireland (INGBIE2D) ING Italy (INGBITMM) ING Netherlands (INGBNL2A & BBRUNL2X) ING Portugal (BBRUPTPL) ING Spain (BBRUESMX) ING United Kingdom (INGBGB22) For all other transactions, clearing via a Real Time Gross Settlement system will be requested from the ING branch of the ordering account, however is subject to its availability depending on its characteristics (such as transfer currency, credit account institution ). QRG Page 9 of 10

10 4. Contact details For more information or extra documentation, please contact ING Client Services. Other documents available on request: ING Appendices to the FEBELFIN Guidelines How to encode SEPA and non-sepa transactions in Isabel 6 Opening Hours From Monday to Friday (08:30-17:30). Contact Data Tel : NL: +32 (0) / FR: +32 (0) / EN: +32 (0) [email protected] QRG Page 10 of 10