How the banks settle this payment. A closed, complete list of four.
Open in the interactive Academy →Carried in: SttlmMtd — in the settlement information
| Code | Name | Meaning |
|---|---|---|
INDA | InstructedAgent | Settle across an account the instructed agent services. |
INGA | InstructingAgent | Settle across an account the instructing agent services. |
CLRG | ClearingSystem | Settle through a clearing system (the system’s own books). Used by HVPS+/RTGS, not CBPR+. |
COVE | CoverMethod | A separate cover payment (pacs.009 COV) settles the funds behind the customer leg. |