CitiDirect BE Payments
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Transcript of CitiDirect BE Payments
CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Country Payments Guide – Citibank Hong Kong
At Citi, we offer full suite of payment products that meets your payment obligations. You can choose the appropriate
payment methods based on the currency, location of your beneficiary and urgency of your payments. Here below
summarised the payment methods available at your finger tip. Please check the cut-off time table for the respective
payment methods.
Payment Methods Description Payments
Currencies
Location of
Beneficiary
Accounts
Book Transfer
Funds Transfer Payments to Accounts with
Citibank N.A., Hong Kong Branch (006)
Urgent Payments like inter-company payments,
vendor payments.
All currencies that
are available at
Citibank Hong Kong
Citibank Hong Kong
Domestic Funds
Transfer
Funds Transfer Payments to Non-Citibank
Accounts in Hong Kong.
Urgent payments like vendor payments.
HKD, USD, CNY,
EUR
Hong Kong
Cross Border Funds
Transfer
Funds Transfer Payments to overseas countries
Urgent payments like vendor payments.
Over 130 currencies Overseas Countries
Manager’s Check
Check Payments issued by Citibank Hong Kong
and cleared through HK Clearing System.
Non-urgent payments like vendor payments,
insurance claims, stationary payments
HKD, USD, CNY Hong Kong
Bank Draft
Check Payments issued by Citibank Hong Kong
and clear through clearing system in respective
country of currency.
Non-urgent payments like vendor payments,
Over 40 currencies Overseas Countries
PayLink Check ** Check Payments issued in bulk by Citibank Hong
Kong and cleared through HK Clearing System
HKD, USD, CNY Hong Kong
PayLink Autopay /
Payroll Service **
Bulk electronic payments to banks in Hong Kong.
Non urgent payments like staff reimbursement,
employee payroll payments, etc.
HKD, CNY Hong Kong
** Please call up your Relationship Manager or Product Sales to subscribe for PayLink Services.
CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Making Book Transfers
1. From the Payments tab, select Input
New Outgoing under Payment Initiation.
2. Select Book Transfer under Payment
Method and complete all remaining fields.
3. Ensure that the value date is equal to or
later than the date on which you are making
the transaction.
4. If the Transaction Reference Number field is
left blank, a reference will be automatically
generated upon submission. Fill in the
Beneficiary Name and Beneficiary Bank details.
5. Once completed, click Submit to initiate
the payment. It will now be sent to your
company’s authorizers for authorization.
6. If customer wishes to create the
Template for future use, please see the
section - Creating a Payment Template at
the time of Making Payments.
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Optional: Input the FX Contract & Exchange Rate if booked via FX Pulse or Service Team.
CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Making Domestic Fund Transfers
1. From the Payments tab, select Input
New Outgoing under Payment Initiation.
2. Select Domestic Fund Transfer under
Payment Method and complete all other
fields.
3. Fill in all mandatory fields. If the
Transaction Reference Number field is left
blank, a reference will be automatically
generated upon submission.
4. Ensure that the value date is equal to or
later than the date on which you are making
the transaction.
5. Indicate whether the transaction charges
are to be borne by the ordering party (Our),
the beneficiary (Beneficiary), or both (Shared)
6. Once all fields are filled, click Submit to
initiate the payment. It will now be sent to
your company’s authorizers for
authorization.
7. If customer wishes to create the
Template for future use, please see the
section – Creating a Payment Template at
the time of Making Payments.
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Optional: Input the FX Contract & Exchange Rate if booked via FX Pulse or Service Team.
CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Making Cross Border Fund Transfers
1. From the Payments tab, select Input New
Outgoing under Payment Initiation.
2. Select Cross Border Funds Transfer under
Payment Method and complete all remaining
fields.
3. Ensure that the value date is equal to or
later than the date on which you are making the
transaction.
4. If the Transaction Reference Number field is
left blank, a reference will be automatically
generated upon submission. Fill in the
Beneficiary Name and Beneficiary Bank
details.
5. If needed, enter the Intermediary Bank details.
6. Once completed, click Submit to initiate the
payment. It will now be sent to your company’s
authorizers for authorization.
7. If customer wishes to create the Template
for future use, please see the section –
Creating a Payment Template at the time of
Making Payments.
Notes :- 1. CNY Cross Border Funds Transfer via CNAP (Mainland China)
1.1 Beneficary Name / Address : Type prefix “ADD.” after the Beneficiary Name, then follow by the beneficiary Address.
1.2. Beneficary Bank Name/Address : Input “/CN” followed by 12-digit CNAP Bank Code. Then, input beneficiary name in the 2
nd line.
1.3 Payment Details Please input the payment purpose codes. Please check with CitiService for the list.
2. Cross Border Funds Transfer allows making payments in regulated currencies, like MYR, KRW, TWD, please check with CitiService for the payment requirements
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Optional: Input the FX Contract & Exchange Rate if booked via FX Pulse or Service Team.
CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Making Cross Border Fund Transfers
- Requesting for Manager’s Check / Bank Draft
1. USD / CNY Manager’s Check Cleared in Hong Kong
1.1 Select /Cheque/ Codeword from library 1.2 Select /ACC/ Codeword from library 1.3 Input ‘HKUSD’ for USD Manager’s Check or ‘HKCNY’ for CNY Manager’s Check 1.4 If customer wants check to be sent directly to beneficiary, select /REC/ Codeword and input ‘Mail to Bene”. Otherwise, the check will return to customer’s office.
2. Bank Draft Cleared outside Hong Kong
1.1 Select /Cheque/ Codeword from library 1.2 Select /ACC/ Codeword from library 1.3 If customer wants check to be sent directly to beneficiary, select /REC/ Codeword and input ‘Mail to Bene”. Otherwise, the check will return to customer’s office.
CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Making Cheque Payments - PayLink
1. From the Payments tab, select Input
New Outgoing under Payment Initiation.
2. Select Cheque under Payment Method
and complete all remaining fields. Under
Payment Type, select the appropriate option
e.g. PayLink Check, Hong Kong.
3. Fill in the beneficiary details under Mail To
and ensure that the value date is equal to or
later than the date on which you are making
the transaction.
If the Transaction Reference Number field is
left blank, a reference will be automatically
generated upon submission.
4. Once completed, click Submit to initiate
the payment. It will now be sent to your
company’s authorizer for authorization
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CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Making GIRO Payments - PayLink
1. From the Payments tab, select Input
New Outgoing under Payment Initiation.
2. Select ACH Credit/GIRO under
Payment Method and complete all other
fields.
3. Fill in all mandatory fields. If the
Transaction Reference Number field is left
blank, a reference will be automatically
generated upon submission.
4. Ensure that the value date is equal to or
later than the date on which you are making
the transaction.
5. Once all fields are filled, click Submit to
initiate the payment. It will now be sent to
your company’s authorizers for authorization.
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CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
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Creating a Payment Template
1. From the Payments Tab, Select Create
New Outgoing under Template Management.
2. Input Template Name
3. Select the desired template type. The available options will vary depending on the type of payment you are creating:
Editable Template — Least restrictive. Most fields can be modified
Predefined Beneficiary — Only
beneficiary- related fields are saved; most fields editable
Full-Limited Modification — Most
restrictive. Only payment-related fields are editable
4. Click the binoculars icon to bring up Debit Account Lookup then select the debit account number.
5. Select Payment Method
6. Ensure that the mandatory fields are filled then click Continue. Input the other fields as needed.
7. Verify that the auto-populated fields are accurate and click Submit to proceed.
Creating a Payment Template – At the time of Making Payments
1. After inputting all the mandatory fields, click [Save As Template]
2 Follow the steps (2) & (3) above.
3 Select [Submit] to proceed.
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CitiDirect BE®
Payments Quick Reference Guide
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
Import Transaction
1. From Files Services, select To Run
under Import Transactions session.
2. Select Template Name and then click
Run.
3. Click Add Files and then click Upload
File.
4. After file import Success, click OK.
5. Select To Run History tab to check file
import result.
Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
CitiDirect BE®
Payments Quick Reference Guide
Approving Payments
1. Under the Payments tab, select To
Authorize under Payment Initiation.
2. Select the payment(s) under Payments to
Authorize then click Authorize.
3. Input Response and click OK.
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CitiDirect BE®
Payments Quick Reference Guide
ice mark of Citigroup Inc.
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Approving Payments (Batch Authorize)
1. Under the Payments tab, select
Batch Authorize under Payment
Initiation.
2. Select the batch critical under Create Batch
Tab then click Create Batch.
3. After batch created the batch file show
under Authorize Tab. Select the Batch
then click Authorize.
4. Input Response and click OK.
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Treasury and Trade Solutions
citi.com/tts
© 2016 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered serv
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