Cover Matching is supported for MT 103 with Cover messages of MT 202COV, MT 205COV or MT 910. Similarly, Cover matching is supported for MT 202 with another MT 202 as Cover message.

Based on the rule condition mentioned in the Cover Queue Rule maintenance, an Inbound payment message (MT 103/MT 202) is routed to a ‘COVR’ queue. All payment messages in this queue await Cover matching. Inbound Cover messages are also routed to this queue based on the Cover queue rule condition.

A job tries to match the payment messages with the cover messages based on the following criteria for cover matching is

• Field 20 of MT 103 = Field 21 of MT 202COV or MT 910
• Amount and Currency
• Value date

After Cover matching is done the payment message gets picked up for STP.

This sections contains the following sub-sections:

• Cover Matching of incoming MT 103/MT 202
• Incoming Swift Payment View
• Statement Browser
• Transaction Type Resolution