Channels for direct file exchange between your accounting systems and the Bank

• The Bank receives not individual payments but one file with all payments, which is much faster to process than via Client-Bank system;
• No need to log onto Client-Bank systems – you operate only in your ERP system and the data is exchanged with the Bank automatically;
• Higher security of payments – accesses to documents and approval levels are regulated on your side;
• Data exchange formats and procedures are standardized, which enables you to establish a single modus operandi with various banks supporting such document exchange.

You install software adjustable for the automatic file exchange between your company and the Bank. Then you and the Bank agree on data format (recommended international standard ISO20022). Then you create payment documents in your ERP system from where they are sent to the Bank. In reply, the system receives information about the document processing status and accounts (statements).

The documents eligible for direct file exchange using ISO20022 standard:

• pain.001.001.03 – RUB remittance orders;
• pain.001.001.03 – FX remittance orders;
• pain.002.001.03 – payment status report (accepted or rejected for execution);
• camt.053.001.03 – information about transactions (account statement);
• camt.054.001.03 – debit/credit notifications;
• pain.001.001.06 – FX remittance orders from transit account to current account
• auth.026.001.01 – inquiry or letter
• auth.027.001.01 – message status report

Under the eGate service, files are exchanged between your systems and the Bank via a selected channel of communication. Possible options:

• SWIFT (SWIFTNet) as per protocol FileAct

For exchanging files via international network SWIFT, you have to be registered in SWIFT.

How to register in SWIFT is described at the website of Russian National Association SWIFT http://www.rosswift.ru/0/400/

• CyberFT (universal system by Russian provider)

For exchanging files via CyberFT, you have to be registered in CyberFT. The registration and service is simple and cheap.

The system provider’s website http://cyberft.ru/

• SFTP

Exchange is ensured via Secure File Transfer Protocol directly with the Bank’s server. You need not get registered in an external network or pay for services of an external network provider.

• Other options are negotiable with the Bank

Additional information and documents for subscribing to the file exchange service eGate may be obtained from your personal manager or by sending your question to ICMS@nordea.ru