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Create Domestic Payment (China)

Geography: This article is applicable for ANZ Transactive - Global customers banking in China.
Full details are available in Features by Geography.
About Domestic Payments

What is a Domestic Payment

China domestic payments allow you to transfer funds from your China domiciled account registered to ANZ Transactive - Global, to a beneficiary's China domiciled CNY account. Domestic Payments are submitted in batches.

Payment Method Rules for Domestic payments

  • Value date will default with the current or next business date if the payment is created on a non-business date or after payment cut-off
  • Non-business day - ANZ Transactive – Global will not allow you to create a payment where the Value Date is a non-business day (e.g., weekend, public holiday, bank holiday) or a currency holiday
  • Future value date can be selected up to 20 days
  • Cut-off time for Domestic payments is 15:00 - 15:30 CST
  • Maximum payment value is 50,000 for BEPS and 99,999,999,999.99 for all other domestic payment types
  • Maximum number of payment instructions is 90,000 in a batch
  • Payment method is selected along with the beneficiary account for domestic payments.

Who can create a Domestic payment?

  • Eligible users with Payment Management role permissions and account access can create and manage a Domestic payment based on your organisation's predetermined user permissions and payment settings. These role permissions can include:
    • Manage Payments - Adhoc (Adhoc & Approved Beneficiaries)
    • Manage Payments - Approved Beneficiary / Templates
    • Manage Payments - Import Payments

Who can create and action a Domestic Salary payment?

  • The Domestic Salary payment option is only available to view and action if you have the following entitlements:
    • Payroll - view full payment instructions
    • Mask Confidential - view limited payment instructions when approving the payment.
  • Fields within a salary payment will be masked, including beneficiary name, beneficiary bank, account number, reference and payment method. These fields will be represented by 'XXXX' and only visible to users with applicable entitlements.
For more information, please refer to Role Permissions and User Permissions.
Payment input screens
Domestic Payment screen
The following image is an example of a domestic payment screen with fields including the division, debit account, value date and cut-off time, payment name and reference, and beneficiary details.
  • Cut-off time (near the value date) indicates the payment method cut-off time, based on the originating jurisdiction and payment currencies
  • The time zone and format (near the value date) are displayed as per your Settings & Preferences
Create Domestic Payment v.01.png
Beneficiary Payment Details screen
The following image is an example of a Beneficiary Payment Details screen with fields including the beneficiary's name, address and account details, beneficiary bank details, payment reference, beneficiary email advice option and additional remittance information.
Beneficiary Payment Details screen v.01.png
Beneficiary Details screen
The following image is an example of the Beneficiary Details screen with fields including the beneficiary bank details, beneficiary's name, address and beneficiary email address. 
New Beneficiary Details screen v.01.png

Create a Domestic payment video

Create a Domestic payment

There are multiple ways you can create a domestic payment from the Payments menu. Choose from the following options:

  1. Click Create Payment > Domestic Payment or Domestic Salary Payment (see step-by-step instructions below)
  2. Click Create Payment > Use Payment Template
  3. Click Create Payment > Use Payment File
  4. Click Create Payment > Use a Past Payment
  5. Click Current Payments > New > Domestic Payment or Domestic Salary Payment (see step-by-step instructions below)
STEP ACTION
1 Click Payments > Create Payment menu, or
Click Payments > Current Payments menu > New
2 Click Domestic Payment or Domestic Salary Payment
3 If required, select the Division the payment will be made from.
If you are entitled to more than one division, you can set a default division for future payments.
4 Select the Debit Account
5 Value Date will default with the current business date.
If required, choose a future value date up to 20 days.
6 Enter a Payment Name up to 16 characters that will appear on payment reports
7 Enter a Payment Reference up to 16 characters that will appear within the narrative on the funding account, beneficiary's statement and payment reports
8 If required, select a Payment Currency if different to the debit account currency, and if required, tick Enter Amounts in Debit Currency
9 If required, tick Urgent to send the payment instructions via the fastest available clearing method
10 If required, enter Debit Advice Description up to 140 characters that will appear on the Debit Advice
11
To reduce the risk of fraud, ANZ recommends you always confirm beneficiary details when processing a payment.
Control Bar
CONTROL BAR ITEM DESCRIPTION
Add Add individual Beneficiary details to the payment instruction.
Remove Tick the checkbox next to the Beneficiary details, then click Remove.
Filter Filter data on the screen. Enter criteria into one or more text boxes that are under each column heading to display matching records.

Click Add to add one or more beneficiary details using the following options:
Add Beneficiary from your Beneficiaries list
Search and select the Beneficiary from the Beneficiary Name field, then proceed to next steps. If required, click Add again to add additional beneficiaries.
Add New Beneficiary
Users must have entitlements to create new beneficiaries to complete these steps.
STEP ACTION
1 Click Add New Beneficiary from the Beneficiary Name field
2 Enter Beneficiary Name up to 35 characters
3 If required, enter Beneficiary Local Language Name
4 Enter Beneficiary Short Name
5 If required, enter Address, City and Country or Region
6 Enter the Beneficiary's Account Number without spaces or hyphens
7 Select Account Type:
  • Resident Individual
  • Non-Resident Individual
  • Resident Corporate
  • Non-Resident Corporate
8 If required, enter Email to issue Beneficiary Advice
9 Select the Clearing Code, with options available based on the country or region of beneficiary
10 Search and select the Clearing Code bank details
11 If required, tick 'Add this Beneficiary to Address Book'
12 Click Procced
13 If required, click Add again to add additional beneficiaries.
Proceed to next steps.
12 If required, enter Reference up to 16 characters if different from the Payment Reference prepopulated
13 Enter the Beneficiary payment amount
14 If required, click Beneficiary Payment Details icon to view or update additional beneficiary information:
Add or update Beneficiary Payment Details
STEP ACTION
1 Add or edit Beneficiary Name
2 Add or edit Payment Method
3 Add or edit Payment Amount
4
Available if the Payment Method is High Value Payment System (HVPS).
Select Charges:
  • OUR: 'OUR Charge' fee is charged by us. We will cover fees charged by our correspondent banks used in processing this payment. Other banks (including other intermediary banks and/or the recipient's bank) may charge an additional fee.
  • SHA: this means any fees charged by other banks (including our correspondent banks, any other intermediary banks and/or the recipient's bank) will be deducted from the payment before the proceeds are paid to the beneficiary.
5 Add or edit Client Reference up to 16 characters and will appear on the debit account and beneficiary's statements and on payment reports
6 If required, enter Credit Statement Narrative up to 160 characters and will appear on the Beneficiary Statement
7 If required, enter FX Details if debit and credit currencies are different and Individual Debit is selected.
Dynamic
Obtain foreign exchange rates for cross-currency payments. Once the payment is approved, it moves to a Needs Rate status.
Contract
Up to five Contracts can be added unless you select Use Dynamic Rate for Remaining Amount. In this case, only four Contracts can be added.
Choose a prebooked foreign exchange rate obtained through your local ANZ Markets dealer:
STEP ACTION
1 Select Contract from Rate Type
2 Click Add FX Contracts
3 Choose one or more FX Contract ID(s) to apply to the payment instruction.
4 Click OK
5 Enter Utilised Amount for the payment amount
6 If required, tick Use Dynamic Rate for Remaining Amount to cover the balance not covered by the FX Contract(s)
8 If required, enter Invoice Details up to 80 x 60 lines of information that will appear on the Beneficiary Advice and the Payment Detail Report
9 If required, enter Instruction Remarks if payment method is Low Value Payment or High Value Payment
10 If required, tick Email Beneficiary Advice and enter an email address.
Please refer to General Payments FAQs for a sample Beneficiary Advice.
11 If required, click Attach Document to attach your supporting documentation:
  • Allowed Formats: doc, docx, jpg, jpeg or pdf
  • Size Limit: 5 files, max 5MB in total
  • File Name: Up to 100 characters including file extension, alphanumeric characters, hyphens, underscores and spaces
  • Limit: 100 files, max. 100MB
Only one file can be selected and uploaded at a time. Click 'Upload Document' within the payment instruction for every file to be uploaded.
12 If required, enter Additional Information:
If you complete the BOP form in ANZ Transactive - Global, you do not need to provide a hard copy of the form to the Bank.
If your beneficiary requires additional regulatory information, complete this section. Mandatory fields are marked with an asterisk.
Balance of Payment Details
FIELD HOW TO COMLETE
Provided BOP form manually to bank If you have provided the BOP form manually to the bank, select this checkbox.
NOTE: If selected the remaining fields will no longer be visible.
Amount in Words* Enter the amount of the payment in words.
NOTE: This will be auto populated in English if an amount has been entered.
BOP Transaction Code 1* Select the BOP Transaction Code.
BOP Transaction Description 1* This will be auto populated based on the BOP Transaction Code 1 selected. You can update the description if required.
BOP CCY1* This will be auto populated based on the Payment Currency or Debit Currency being used.
BOP Amount 1* Enter the BOP Amount for BOP Transaction Code 1.
BOP Transaction Code 2 If required, select the appropriate BOP Transaction Code.
NOTE: This needs to be a different Transaction Code to BOP Transaction Code 1.
BOP Transaction Description 2 This will be auto populated based on the BOP Transaction Code 2 selected. You can update the description if required.
BOP CCY 2 If you are using BOP Amount 2, enter the transaction currency.
BOP Amount 2 Enter the BOP Amount 2 for BOP Transaction Code 2.
NOTE: BOP Amount 1 plus BOP Amount 2 should equal the total BOP amount.
Unit Code* Enter the 9-digit Unit Code of your organisation.
Beneficiary Resident Country/Region Name* This will be auto populated based on the remitter’s bank country name.
Beneficiary Resident Country/Region Code* This will be auto populated based on the remitter’s bank country name.
Payment Nature* Select the nature of the payment from the drop-down list.
NOTE: This should be based on the declaration document.
Tax Free Goods* Select Yes or No.
Type of Payment* Select the type of payment.
Contract Number* If there is a contract for this transaction, enter the Contract Number or enter "N/A".
Invoice Number* If there is an invoice for this transaction, enter the Invoice Number or enter "N/A".
Safe Batch/Registration Number Enter the 20-digit Safe Batch/Registration Number or enter "N/A".
BOP Reporting Type* Select the BOP reporting type from the drop-down list.
Repeat above steps to add each beneficiary to the payment.
13 Click Save & Close
15 If required, enter FX Details if debit and credit currencies are different and Individual Debit is not selected.
Dynamic
Obtain foreign exchange rates for cross-currency payments. Once the payment is approved, it moves to a Needs Rate status.
Contract
Up to five Contracts can be added unless you select Use Dynamic Rate for Remaining Amount. In this case, only four Contracts can be added.
Choose a prebooked foreign exchange rate obtained through your local ANZ Markets dealer:
STEP ACTION
1 Select Contract from Rate Type
2 Click Add FX Contracts
3 Choose one or more FX Contract ID(s) to apply to the payment instruction.
4 Click OK
5 Enter Utilised Amount for the payment amount
6 If required, tick Use Dynamic Rate for Remaining Amount to cover the balance not covered by the FX Contract(s)
16 Do you wish to continue the payment at a later stage?
  • Yes - Click Save as Draft, then click OK, then click Close to exit out to the payment and return to the Current Payments screen. Payment will be in a Draft status.
  • No - Continue steps below
17 Click Review & Submit
18 Click Submit
RESULT: Payment has been submitted and pending approval.

 

Errors and Alerts
Error and alert messages such as 'fields validations' display information about the impacted field(s) and highlights the field(s) in red. Error messages are specific to the payment method types, fields available and particulars validations. You can update the information within the impacted field(s) and continue processing the payment.

Mandatory field validations:

Mandatory Field Error Messages (2).png

Beneficiary alert notifications:

  • Error is indicated by a red triangle. Details must be corrected to proceed with payment processing.
  • Alert with Warning is indicated by an amber triangle. Details can be corrected or accepted to proceed with payment processing.
Beneficiary Alert Message.png

Errors and Alerts within the Beneficiary Payment Details screen:

  • Error is indicated by a red triangle. Details must be corrected to proceed with payment processing
  • Alert with Warning is indicated by an amber triangle. Details can be corrected or accepted to proceed with payment processing
Alerts Error Message.png

Next Steps

When the payment has been successfully submitted and is now in a Pending Approval status, you can choose from the following on-screen options:

  • Request Payment Summary Report - Download in CSV, PDF and XLSX
  • Save Payment as Template - View in Templates menu. Use Payment Template.
  • View this Payment in a Pending Approval status
  • Click OK to close the payment and return to the Current Payments screen

When the payment has been successfully submitted for approval(s), the next steps can be:

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