To modernise interbank standards, the CIRI format is no longer used for payment orders by BNP Paribas Fortis. All your euro bulk transfers must be sent to us in XML format. It is also recommended to use XML format for all your transfers in other currencies. Timing and impact. Read our FAQ.
1. What are CIRI files?
2 types :
- CIRI FBF: used for domestic payments in EUR.
- CIRI VME: can be used for EUR payments within the EU or for EUR payments worldwide or for payments in a foreign currency worldwide.
2. Which channels have been affected?
Upload of credit transfers via a CIRI FBF or CIRI VME file will no longer be possible in all bank channels (Easy Banking Business, Isabel, Connexis, Swiftnet File Act, Host to Host) offered by BNP Paribas Fortis.
3. When will it no longer be possible to upload credit transfers via a CIRI FBF or CIRI VME file?
Upload of credit transfers via a CIRI FBF or CIRI VME file will no longer be possible in all bank channels from 01/01/2020 onwards (Easy Banking Business, Isabel, Connexis, Swiftnet File Act, Host to Host) offered by BNP Paribas Fortis.
4. What will replace CIRI files?
The XML format is legally required for EUR payments within the EU.
Both the XML format and the Swift format MT101 can still be accepted for payments in foreign currency and for payments in EUR outside the EU. Note: Swift, in its turn, is studying the possibility of soon replacing its MT formats with XML formats. This is therefore not a forward-looking solution.
We refer to the XML Febelfin standards for both SEPA Credit Transfers in EUR and for payments in foreign currency and payments in EUR outside the EU.
5. How can you test your XML files?
BNP Paribas Fortis is giving you free access to XML Solver * to help your company in the transition to this new format. This online tool, developed by Azzana Consulting SPRL, makes it easy for you to check whether your payment files are in the correct format.
XML Solver allows you to test your files before you send them to us through the usual channel. In that way, you can rest assured that they are fully compatible with the XML format.
The tool is intuitive, easy and performs the necessary checks before processing.
6. How is XML Solver activated and used?
First of all, you must create a user account to use the application. You will then receive an e-mail with your activation code.
Once you have activated your account, you will gain access to XML Solver via the following link: http://be.sepaformatvalidation.com.
There you can immediately upload the XML files you want to check. After performing the checks, the application will always give you the following information:
- A detailed report of the errors found in the file
- Instructions to improve on these errors.
A detailed manual can also be found on the homepage of the tool. Use of XML Solver is free for BNP Paribas Fortis customers.
Need more information?Do you have questions about XML Solver or are you experiencing problems using it? Please do not hesitate to contact the Azzana helpdesk at email@example.com. For other questions, you can contact your Cash Management Officer at any time.
*XML Solver is a tool developed and managed exclusively by AZZANA Consulting SPRL. If you would like to use this service, you need to register directly with AZZANA Consulting SPRL. No BNP Paribas Group entity is responsible for XML Solver and its related services. Any questions in relation to the tool and its associated services must be sent directly to AZZANA Consulting SPRL.
BNP Paribas Group, first quarter 2020 results
Excellent business drive in the quarter impacted by an unprecedented health crisis
The health crisis has had major repercussions on macroeconomic outlook and produced extreme shocks on the financial markets. After a quarter in line with the 2020 objectives of BNP Paribas, health crisis related developments had several major negative impacts on the first quarter 2020.
Commenting on these results, Chief Executive Officer Jean-Laurent Bonnafé stated:
“In response to the health crisis, the Group’s teams have mobilised around the world to contribute to the functioning of the economy and its financing. Our concerns have been to protect our employees who are fully mobilised to ensure banking services, to quickly implement solutions to support the financing of our corporate, institutional and individual clients, and to launch in all regions where we are present a plan for emergency donations to the hospital sector and organisations committed to assist vulnerable people.
At the end of a quarter supported by an excellent business drive, in line with its 2020 objectives, the results of BNP Paribas for the 1st quarter 2020 were impacted by the harshness of the health crisis. The good resilience of revenues and results despite this shock demonstrates the robustness of the Group’s diversified and integrated model. With all teams at BNP Paribas, whose I want to thank tireless commitment to serving customers and providing support to society, we will continue our efforts to mitigate the impact of the crisis on the economy and prepare for the future.”
Press Release: https://invest.bnpparibas.com/documents/1q20-pr-23455
Test it here: how sustainable is your organisation?
BNP Paribas Fortis' Sustainable Business Competence Centre (SBCC), which helps companies transition to a sustainable business model, has developed a test to help you determine your company's progress in achieving sustainability. You can set to work immediately with the results of this test.
As Belgium's largest bank, BNP Paribas Fortis wants to drive socio-economic development in our country. This development requires companies to transition to a sustainable business model. As this is not particularly straightforward, BNP Paribas Fortis wants to make its expertise available to its customers.
One of the SBCC's initiatives is a brand-new test aimed at corporates, SMEs and institutional customers. The test consists of 15 questions relating to the steps you need to take to become more sustainable: awareness, diagnosis, quick wins, business model and cooperation and innovation. Once you have finished the test, you will receive the results in your mailbox instantly.
The SBCC uses your answers to make practical recommendations for your journey towards more sustainable entrepreneurship. In addition, we have all the resources needed to guide you throughout your transition from start to finish:
- technological expertise in high-tech, ICT, biotech, medtech, clean and green tech, and more
- a network of companies and business associates
- financial products and services that facilitate the transition to a sustainable model
Is your organisation ready for a sustainable future?
BNP Paribas Group, second quarter 2019 results
The business of BNP Paribas was up this quarter in a context where economic growth remained positive in Europe but slowed down, implying expectations of a continued low interest rate environment.
Director and Chief Executive Officer of BNP Paribas, Jean-Laurent Bonnafé:
“BNP Paribas delivered in the first half an increase in net income at 4.4 billion euros. Revenues were up thanks to business growth in the operating divisions. Operating expenses were well contained and benefitted from the transformation plan, generating a positive jaws effect. The common equity Tier 1 ratio rose to 11.9%, illustrating the Group’s solid balance sheet. New digital experiences rolled out for customers are a success and the Group is actively executing its ambitious policy of engagement in society. I would like to thank all the employees of the Group for their dedicated efforts to achieve these good results. ”
BNP Paribas Group, first quarter 2019 results
The business of BNP Paribas was up this quarter for the three operating divisions with in particular a gradual upturn in the business of CIB. Economic growth slowed down in Europe but remained positive. After the crisis in the markets at the end of 2018, the market context remained lackluster at the beginning of the quarter, but improved towards the end of the period.
Director and Chief Executive Officer of BNP Paribas, Jean-Laurent Bonnafé:
“BNP Paribas delivered a good level of result this quarter, at 1.9 billion euros. Revenues were up thanks to business growth in the operating divisions with in particular an upturn in client business at CIB. Operating expenses were well contained and benefitted from cost saving measures, generating a positive jaws effect.”