3.3.32 Cross Border to RTGS/Fedwire Rule Evaluation

Evaluates rules for routing cross-border payments to RTGS or Fedwire networks in outbound processing.

After Payment Chain is built and the Settlement Method is derived as COVE, Cross Border to RTGS / Fedwire Rule is evaluated for deriving the Network Code of Cover (pacs.009) message.

In the Cross Border to RTGS/Fedwire Rule Detailed (PMDXRRLE) screen, when Network Code as EU-TGT is selected, the below rule elements are available for creating rules in the LOP Operand field of Expression builder.

Table 3-214 Cross Border to RTGS/Fedwire Rule Evaluation

ATTRIBUTE_ID ATTRIBUTE_VALUE Remark
AWI_BIC Creditor Agent --> BICFI -
CHANNEL_TYPE Channel Through which transaction is initiated (e.g. UI, SOAP, REST etc.) -
CHARGE_WHOM Values BEN, SHA, OUR ROP must contain values as BEN, SHA or OUR
CUSTOMER_ID Customer ID of the Debit Account -
CUSTOMER_SERVICE_MODEL Service Model of the Debit Account -
DEBIT_ACCOUNT Debit Customer Account -
SOURCE_CODE Source Code of the transaction -
TRANSFER_CCY Transfer Currency -
PROCESS_WO_COVR This attribute is not applicable for TARGET2 network -

If the rule results in a TARGET2 network, the cover message is sent via the TARGET2 network. If no TARGET2 network is derived from this rule or this rule is not set up, then the Cover (pacs.009) message is processed as a regular SWIFT CBPRPlus payment.

In the Cover Payment Information tab of Cross Border Outbound FI to FI Customer Credit Transfer Input Detailed (PSDOCBCT) screen, cover Settlement Method population are as follows:
  • If the Cover Network derived is CBPRPlus, the Settlement Method is populated as INDA when the Account Type is OUR in the Currency Correspondent Detailed (PMDCYCOR) screen.
  • If the Cover Network derived is CBPRPlus, the Settlement Method is populated as INGA when the Account Type is THEIR in the Currency Correspondent Detailed (PMDCYCOR) screen.
  • If the Cover Network derived is TARGET2, then the Settlement Method is populated as CLRG.

After resolving the payment chain for an outbound transaction, the Preferred Settlement Method flag value is checked.

Value received in tag PROCESS_WITHOUT_COVER is mapped to the field Preferred Settlement Method.

An information message is displayed when the final Settlement Method resolved is COVE, but the Preferred Settlement Method entered is Serial for manually entered transactions on Enrich.

Parent topic: Outbound Transaction Processing