Treasury Correspondence Integration with SWIFT Network (3QM)

Treasury Correspondence Integration with SWIFT Network (3QM)

This scope item uses SAP Multi-Bank Connectivity to integrate treasury correspondence with the SWIFT network.

SWIFT messages for treasury OTC transactions can be delivered to the counterparty's SWIFT code using SAP Multi-Bank Connectivity.   SAP Multi-Bank Connectivity acts as a hub and forwards the message to the SWIFT network. 

Meanwhile, the SWIFT messages can be sent back from their counterparty via SAP Multi-Bank Connectivity, and relevant incoming correspondence objects are generated automatically in the SAP client. Once the incoming correspondence object is matched with the outgoing correspondence object with confirmation, the OTC transaction is settled accordingly. This function currently covers MT300 for Foreign Exchange instruments and MT320 for Debt and Investment instruments.

Key Process Steps Covered

  • Create outbound correspondence object and outbound SWIFT message
  • Status check of outbound correspondence object 
  • Sending outbound SWIFT message to MBC
  • Pull acknowledgment message from MBC 
  • Check outbound correspondence object status 
  • Pull inbound SWIFT message from MBC 
  • Create incoming correspondence object and match it with outgoing object 
  • Check matching of correspondence objects 
  • Check transaction status

Benefits

  • Integrate SWIFT messages in correspondence framework

Additional Information

  • This scope item requires an additional SAP S/4HANA Cloud license
  • This scope item is excluded from the default activation

This scope item is nonstandard and is not activated by default. The customer can request to activate it on demand if they want to use MT300/MT320.  This requires additional licenses of for Treasury and Risk Management and SAP Multi-Bank Connectivity (MBC).


Where is Treasury Correspondence Integration with SWIFT Network(3QM) being used?

This Scope item is used in the following way:

  • As a support function of Treasury Management within Finance Scope Item Group

Process flow of Treasury Correspondence Integration with SWIFT Network (3QM)

Find below the process flow of the scope item Treasury Correspondence Integration with SWIFT Network as it is defined for release s4hc-2111.


Download Process Flow of Best Practice scenario Treasury Correspondence Integration with SWIFT Network (3QM) - S/4HANA Cloud
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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