Auto cover matching of the messages MT 103 and MT 202 are supported.

Based on the rule condition mentioned in the Cover Queue Rule maintenance (PMDQURLE), an incoming payment message (MT103/MT 202) is routed to a STP queue. All payment messages in this queue await Cover matching. Incoming Cover messages are also routed to this queue based on the Cover queue rule condition.

• Sanction scanning of MT 202 COV and MT 910 inbound messages are done upfront.
• On successful completion of sanctions screening, the messages are matched with MT 103/ MT 202 messages pending in STP queue for cover match.
• Auto matching considers the following fields value matching between the original payment message & cover message:
  • Reference Number
  • Field 20 of payment message with Field 21 of cover message
  • Currency & Amount match
• If the auto cover match is successful both payment message and cover message are marked as ‘Matched’, and payment message is released from STP queue for further processing.
• Further the payment is sent for Network resolution and forwarded to the resultant payment processor.