DAILY PAYMENTS FILE CODE: DP
About the Daily Payments File
This file will report any payment(s) made into a credit facility on a given date. If more than one payment is received in a loan on a given day, the lender will sum the payments as the value of field 5.1.11. Other fields should be populated with the new status of the account after the payments. If a payment to an account was done erroneously (and subsequently updated at the Bureau), this file can be used to update the Bureau, with a negative payment value. This file is the standard template to be used when a lender wishes to make an adhoc update to the Bureau (e.g. when a client request their current loan status to be updated to the Bureau). Lenders who wish to update the Bureau on a daily basis will be required to use this file to update payments (or reversal of payments) into accounts on a given day. The updated status should be reflected in the subsequent monthly batch submission.
Benefits to the financial institution
Institutions that submit data on a daily or real-time basis have the following benefits to their advantage
Better customer experience
No negative publicity especially on social media
Quick Stats
File Name: Daily Payment File
File Code: DP
No of columns: 18
Mandatory: 13
Conditional: 5
Optional: 0
Update frequency: Daily
Dependencies: CE CI
DST v4.1 Pages 69-70
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