25.4.1 SWIFT gpi Confirmation Message Generation
This topic provides information on the generation of SWIFT gpi confirmation messages (gCOV) for inbound cover transactions, including the assignment of Service Type 001 based on the gpi Agent flag and static preference settings.
If the gpi Agent flag is Yes, then the gpi Confirmation Message (gCOV) with Service Type is getting generated. The gpi service value as 001 is populated in the confirmation message. The system picks this value from the SWIFT gpi Static Preference (PXDGPIST) for the Message Type gCOV.
| Processing status | Message generated | Status Code / Reason Code | Date & Time details | Payment Processing Status [PXDGPIST] | In Progress Codes - gCCT [PXDGPIST] |
|---|---|---|---|---|---|
| Processed - Credited to beneficiary's account | On accounting completion | ACCC | Credit value date & current time | INPROGRESS | NA |
| Exception - In any exception queue like Non STP, Repair, EU Payer etc. | By EOD, transaction is pending in any exception queue | ACSP/ G002 | Message generation Date & time | INPROGRESS | PENDINGCREDIT |
| Cancelled - Auto Cancel or Manual Cancel from any exception queue | On cancellation | RJCT | Message generation Date & time | REJECTED | NA |
| Seized - Sanction Seized | On Sanction Seizure accounting completion | RJCT | Message generation Date & time | REJECTED | NA |
In addition to the above scenarios, the cover message which is received for Cover matching will result in generating a gCOV credit confirmation.
| Processing status | Message generated | Status Code / Reason Code | Date & Time details | Payment Processing Status [PXDGPIST] | In Progress Codes - gCOV [PXDGPIST] |
|---|---|---|---|---|---|
| Processed - Credited to beneficiary's account | On accounting completion | ACCC | Credit value date & current time | PROCESSED | NA |
Note:
- If the gpi Confirmation field value is API in the SWIFT gpi Host Preference (PXDGPIPF) screen, the system generates a confirmation message in API version 5 JSON format.
- If the gpi Confirmation’ field value is not API in the SWIFT gpi Host Preference (PXDGPIPF) screen, the system generates a confirmation message in ISO format.