5.4.10 Cover Matching
This topic explains the detail on cover matching. It is the process of matching incoming payments with the corresponding remittance or payment details to ensure that payments are applied accurately.
On upload of an incoming pacs.009ADV messages, the following
processing are done:
- Rule created in the Message Queue Derivation Rule (PMDQURLE) is applied.
- Derive the message queue as STP/Non-STP/Cover based on STP rules maintained in PMDQURLE.
- Release the STP messages and cover matched messages to payment processor.
Auto Cover Match
Processing
The incoming pacs.009ADV message is auto cover matched against one of the below listed
message types:
- Pacs.009 CORE
- Camt.054 Credit Entry
- MT202 / MT205
- MT910
- Statement Entry
Below listed fields of pacs.009 CORE is compared for cover matching:
Table 5-9 pacs.009 CORE - Cover Matching
| pacs.009ADV | pacs.009CORE | Remarks |
|---|---|---|
| UETR | UETR | - |
| Instruction Identification | End to End Identification | - |
| Interbank Settlement Amount | Interbank Settlement Amount | - |
| Interbank Settlement Currency | Interbank Settlement Currency | - |
Below listed fields of camt.054 is compared for cover matching:
Table 5-10 camt.054 - Cover Matching
| pacs.009ADV | camt.054 | Remarks |
|---|---|---|
| UETR | UETR | - |
| Instruction Identification | Instruction Identification | - |
| Interbank Settlement Amount | Amount | - |
| Interbank Settlement Currency | Currency | - |
Below listed fields of MT202 or MT205 is compared for cover matching:
Table 5-11 MT202 or MT205 - Cover Matching
| pacs.009ADV | MT202/205 | Remarks |
|---|---|---|
| UETR | UETR | - |
| Instruction Identification | Field 21 | Related Reference |
| Interbank Settlement Amount | Field 32A | Amount |
| Interbank Settlement Currency | Field 32A | Currency |
Below listed fields of MT910 is compared for cover matching:
Table 5-12 MT910 - Cover Matching
| pacs.009ADV | MT910 | Remarks |
|---|---|---|
| UETR | UETR | If present in MT910, consider |
| Instruction Identification | Field 21 | Related Reference |
| Interbank Settlement Amount | Field 32A | Amount |
| Interbank Settlement Currency | Field 32A | Currency |
Below listed fields of statement entries is compared for cover matching:
Table 5-13 Statement Entries - Cover Matching
| pacs.009ADV | Statement Entry (MT or MX | Remarks |
|---|---|---|
| Instruction Identification | Related Reference | Reference for the Account Owner |
| Interbank Settlement Amount | Amount | Amount in Statement Browser |
| Interbank Settlement Currency | Currency | Currency in Statement Browser |
| Interbank Settlement Date | Value Date | Value Date in Statement Browser |
Note:
If the auto cover match is successful, then both payment message and cover message is marked as Matched, and payment message is released from STP queue for further processing.Parent topic: STP Layer - pacs.009ADV Processing