What is 'mandate reference' in SAP IS-B-BCA - Bank Customer Accounts?

mandate reference - Overview

• Component: IS-B-BCA

• Component Name: Bank Customer Accounts

• Description: A number that identifies each mandate signed by any debtor for a given creditor. This number must be unique for each mandate in combination with the identifier of the creditor.

mandate reference - Details

• 
  Key Concepts: 
  Mandate reference is a unique identifier assigned to a customer’s bank account in the SAP system. It is used to identify the customer’s bank account and to ensure that payments are made to the correct account. The mandate reference is stored in the IS-B-BCA Bank Customer Accounts component of SAP. 
  
  How to use it: 
  The mandate reference is used when creating a payment order in SAP. When creating a payment order, the user must enter the mandate reference for the customer’s bank account. This ensures that the payment is sent to the correct account. 
  
  Tips & Tricks: 
  It is important to ensure that the mandate reference is entered correctly when creating a payment order. If the mandate reference is incorrect, the payment may be sent to the wrong account and may not be recoverable. 
  
  Related Information: 
  The mandate reference is stored in the IS-B-BCA Bank Customer Accounts component of SAP. This component also stores other information about the customer’s bank account, such as their bank name and address. This information can be used to verify that the mandate reference is correct before creating a payment order.