Important update for customers with accounts in Mexico: Beneficiary registration required for payments submitted via File Upload
Effective 20 June 2016, sending a payment file using your Mexico debit account via the HSBCnet File Upload service will require the receiver of the payment to be a registered beneficiary. This is a regulatory requirement indicated in the General Decree applicable to Credit Institutions as stated by Comisión Nacional Bancaria y de Valores (CNBV).
You are required to register a beneficiary one successful time and the status of the registration is confirmed on your Payment Beneficiary Upload Report in the Reports and Files Download service. You can begin the process of registering your beneficiaries by uploading Payment Beneficiary files starting 28 March 2016.
From 20 June 2016, it will be mandatory to upload a Payment Beneficiary file containing the beneficiaries in your payment file. Beneficiary registration is required for the following file/payment types:
Type of payments |
Authorisation Level |
Format type |
Priority Payments |
• File Level Summary |
• MX Local Formats (TXT, CSV) • XML (Version2 & Version 3) • Swift (MT103) • Paymul |
ACH Credits |
• File Level Summary • File Level Details •Instruction Level Authorisation (ILA) |
• MX Local Formats (TXT, CSV) |
Registering your beneficiaries
To create a registered beneficiary, you must upload a Payment Beneficiary file via File Upload 30 minutes prior to uploading a payment file. It will take 30 minutes to register your beneficiary, if an attempt is made to send a payment to an unregistered beneficiary, the payment will be rejected.
The Payment Beneficiary Upload Report will be generated in the Reports and Files Download service once a Payment Beneficiary file has been uploaded. This report provides information on the status of your Payment Beneficiary files such as rejected beneficiaries.
For instructions on how to create Payment Beneficiary files, please select the ‘Help’ link in top right corner of the File Upload service to review the “Beneficiary Registration Implementation Guidelines - Mexico” guide.
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Entitlements required for Users uploading Payment Beneficiary files
System Administrators are required to grant entitlements to all Users who will be uploading Payment Beneficiary files. Effective immediately, the entitlement can be granted via the File Upload entitlement screen by selecting the Payment Beneficiary checkbox in the Pre-auth level column.
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It will also be a requirement for these Users to be entitled to the Payment Beneficiary Upload Report, which is available in the Report and File download entitlement screen.
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For additional information regarding registering beneficiaries, please contact your local HSBCnet Support Centre.
The postal address for related inquiries is:
HSBC Group Head Office
HSBC - E-Channels
London UK E14 5HQ
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