1. Cross Border User Guide
  2. Straight-Through Processing
  3. Cover Matching
  4. Transaction Type Resolution

Transaction Type Resolution

Transaction type 'Outgoing' or 'Incoming' is resolved based on the Field 57 - Account With Institution value received in the incoming message. If the Transaction type is not resolved successfully, then the transaction is moved to Network Resolution Queue. For more information, refer Exception Queues User manual.

Below are the validations done before the transaction type resolution:
  • System checks whether the Incoming message has Field 57 with Option A and the Line 1 having a Clearing code (Line 1 starts with '//') and Line 2 having a BIC.
  • After the above check, system derives the BIC from Clearing code based on Clearing Code Maintenance (ISDCTMEX). The derived BIC is compared against the BIC given in Field 57 Line 2.
  • If both are different, the message is moved to Network Resolution Queue (PQSNWRQU).
  • Otherwise, system performs the Transaction Type resolution.

Parent topic: Cover Matching