Services

Account statements

The service is available in EDIFACT or MT940.

FINSTA (Financial statement of an account message) or
SWIFT MT940 message on file

The financial statement of an account message (FINSTA) is used by the customer (payer/payee/creditor) for automatic reconciliation of disbursements (optional) and balances. Through the message the payer/creditor gets information in a structured format about the executed payment orders (optional). Both the payer/creditor and the payee get balance information to be used for reconciliation of accounts in the general ledger.

 

Authorisation

The service is available in EDIFACT.

AUTHOR (Authorisation message)

Through the authorisation message (AUTHOR) the customer (creditor) may electronically initiate the direct debit service throughout the Nordic region for all its customers (debtors). By way of this service, the creditor will always be up to date on any changes in terms of its debtors.

Credit advices

The service is available in EDIFACT.

CREMUL (Multiple credit advice message)

The Multiple credit advice message (CREMUL) is used by the customer (payee) for automatic reconciliation of incoming domestic and cross-border payments in the accounts receivable ledger. Through the message the customer (payee) is provided with all possible transaction references, e.g. invoice number, in a structured format. Such information is of vital importance for the reconciliation process.

Debit advices

The service is available in EDIFACT.

DEBMUL (Multiple debit advice message)

The payer/creditor is provided with information in a structured format about executed payment orders or re-payments for direct debit transactions. Such information, eg verification number, is of vital importance for reconciliation in the accounts payable ledger.

Direct debit instructions

The service is available in EDIFACT.

DIRDEB (Direct debit message)

Through the direct debit message (DIRDEB) the customer (creditor) is able to issue local direct debit payments from a payer's (debtor) accounts within the whole Nordic area as well as Poland, to be credited to the creditor's local Nordea account. To enable automatic reconciliation by the creditor the reference information (verification number and invoice number) is included in a structured form in the message. This offers the same quality of information as if the creditor had been directly connected to the domestic clearing system, using an ERP system adjusted to local payment conditions.

Payments

The service is available in EDIFACT or XML ISO20022.

PAYMUL (Multiple payment order message) or
pain.001 version 2 (CustomerCreditTransferInitiation)

Through a payment order message the customer (Payer) is able to issue domestic and cross-border payments from accounts in Nordea units in the Nordic & Baltic area, including Germany, Great Britain and USA (incl. Canada). To enable automatic reconciliation for both the payer and the payees, reference information (verification number and invoice number) is included in a structured form in the message. The information quality is as good as if the Payer had been directly connected to the domestic clearing systems using an ERP system adjusted to local payment conditions.

Status reports

The service is available in EDIFACT or XML ISO20022.

BANSTA (Banking status message) or
pain.002 version 2 (PaymentStatusReport)

The status message is used by the customer (payer/creditor) to monitor payment orders, direct debit instructions and cancellations. Based on this message our Message centre is able to notify the customer at a very early stage about payment orders and direct debit instructions rejected by the local Nordea bank.