ISO 20022 Academy

Settlement method · ISO 20022 code

COVE

CoverMethod — A separate cover payment (pacs.009 COV) settles the funds behind the customer leg.

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Code: COVE
Name: CoverMethod
Code set: Settlement method
Carried in: SttlmMtd — in the settlement information

Part of the ISO 20022 Dictionary — the reference layer of ISO 20022 Academy. Written by Revanth Sai Rayapati.