Field help (PYHBDF)
The economic reason code is used by the Banque de France when determining the Balance of payments.
It is necessary for any operation that fits into the following contexts:
- transactions in euro to a bank within the European Union, including France, for non-resident's accounts, starting from €50,000,
- transaction in euro to a bank outside the European Union, starting from €12,500,
- transactions in a currency -other than the euro- to a bank within the European Union, including France, starting from €12,500.
The resident or non-resident option is defined at theBP level.
The declaration limits are determined by the parameter values "Payment balance Threshold": AMTVIR1, AMTVIR2 and AMTVIR3 (chapter TRS - BP, group DEF - Default values).
The entry of this code and its mandatory entry are determined at the level of the payment entry transaction parameter.
If the company from which the payment is made has the status of general direct declaring site to the balance of payments, code 060 'General direct declaring site' will be proposed (Company record parameter).
Otherwise, the value suggested will be that defined at BP level (BP record parameter). This code can be modified.
This value is retrieved in the bank files (AFB160, AFB320, SEPA Credit Transfer).