Cross Border to RTGS/Fedwire Rule Evaluation
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 screen (PMDXRRLE), when Network code 'EU-TGT' is selected, the below rule elements are available for creating rules in the LOP Operand field of Expression builder.
| 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.
- If Cover Network Derived is of CBPRPlus then Settlement Method is populated as “INDA” if Account Type is OUR in Currency Correspondent maintenance screen (PMDCYCOR).
- If Cover Network Derived is of CBPRPlus then Settlement Method is populated as “INGA” if Account Type is THEIR in Currency Correspondent maintenance screen (PMDCYCOR).
- If Cover Network Derived is of TARGET2 then 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 shown when the final settlement method resolved is “COVE”, but the 'Preferred Settlement Method' inputted is 'Serial' for manually inputted transactions on Enrich.
Parent topic: Outbound Transaction Processing