DISBURSING

Disbursing Timelines
Electronic Funds Transfer (EFT)
FSC Charleston/Bangkok (International payments)
3 5 business days from FSC confirmation
depending on local bank process
What is value date? EFT value dates are programmed and
assigned by FSC for the receiving banks to post the
payments to the recipients accounts as indicated . Normally
depending on post holidays, the value date for vendors is the
following day for local currency, for overseas US$ it is plus 2
days. Some banks may have a policy as to certain time of
the day when the account holder can access their account.

Disbursing Timelines
Electronic Funds Transfer (EFT)
Treasury (Domestic payments)
2 business days for payment to arrives to domestic
payee bank account

Disbursing Timelines
Check Delivery
FSC mails checks twice a week (Tuesdays & Fridays) to Posts that
do not have EFT capability
FSC mails checks once a week Fridays to Posts with EFT
capability
Checks can take up to 10 business days to reach Post

Non-receipt
If checks have not arrived first, check with Embassy to ensure
they do not have them
If Embassy does not have the checks request a trace from
Disbursing Unit in GAP we will contact the FSC and obtain a
DHL/FedEx tracking number

EFT Confirmation Report

Post should utilize the Odyweb EFT
Confirmation Report to find out the date
payment confirmed processed by FSC
Daily verification of payments processed
Provide a copy to vendor if payment is not
received according to normal disbursing timeline
Follow-up with GAP/Disbursing if vendor
continues to claim non-receipt of funds

Vendor Maintenance
Payment Method and Payment Protocols

Vendor Maintenance is responsible for creating, updating, deactivating vendor data.

A vendor form must be submitted in order to create or modify a vendor code

Tips for Completing a Vendor Form Correctly

1.
2.
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5.

New Vendor please submit the banking instructions up front, ref . OFMH 64.0
Vendor Names maximum 33 character spaces long
PSC stipulate long term or short term; long term PSC banking data should be
sent directly to VPS
Currency please specify: LCU, USD, other type EURO
Submit updates with the Vendor ID number. If vendor already exists, please
request an update, not a new vendor

Vendor Maintenance

International: Verification of SWIFT codes

http://www.swift.com/bsl/
Domestic: Verification of ABA Routing
Numbers
http://www.fededirectory.frb.org/search.cfm

Points of Contact
Disbursing Inquiries
Disbursing@peacecorps.gov

Vendor Maintenance
Vendordataafrica@peacecorps.gov
Vendordataema@peacecorps.gov
Vendordataiap@peacecorps.gov