Field help (BDFECOCOD)

This field is used to enter the economic reason code to apply to the employee during the generation of the SCT transfer.
This field is not required if the employee is a resident and is paid in Euros.

In the list of economic reason codes in force for 2011, this code is E09 for the salaries and other amounts paid to the employees.
The list of economic reason codes can be updated following the evolution of the European directives and based on user requirements: this list is customizable in miscellaneous table 309.

From January 2011, the economic reason code is necessary in only a few cases:

• For transfers with a countervalue in Euros larger than 50,000 Euros
• With non-resident counterparts and not belonging to the SEPA area
  In this case, the threshold to enter is AMTVIR3 (parameter value of the PAY chapter, RGL group)
  If the economic reason code should not be triggered in any other case, the AMTVIR1 and AMTVIR2 thresholds must be entered with a maximum level;
• Thresholds are read upon automatic payment proposal and they can display the economic reason code in the slip.

The economic reason code is calculated automatically in the three following cases: 

• First case:
• The transaction currency is the Euro.
• The country of the target bank is in the Euro area: this information is derived from the country code of the employee's bank ID number. A check is run to confirm that the country belongs to the Euro area (box 'EU' selected).
• The employee's account is an non-resident account (see the employee record).
• The payment amount is larger than or equal to 50,000 Euros (amount corresponding to the AMTVIR1 parameter).
  
• Second case:
• The transaction currency is the Euro.
• The country of the target bank is outside of the Euro area: this information is derived from the country code of the employee's bank ID number. A check is run to confirm that the country does not belong to the Euro area (box 'EU' cleared).
• The employee's account is an non-resident account (see the employee record).
• The payment amount is larger than or equal to 12,500 Euros (amount corresponding to the AMTVIR2 parameter).
  
• Third case:
• The transaction currency is not the Euro.
• The employee's account is an non-resident account.
• The payment amount is larger than or equal to 12,500 Euros (Euro countervalue) (amount corresponding to the AMTVIR3 parameter).

The economic reason code is calculated when the employee ID is entered. It is recalculated if the amount or the bank ID number are modified.