ISO 20022: Citi Mini Series & Reference Guide Part 3

7 | Treasury and Trade Solutions Message Flow Scenario 2 — Credit Transfer (Cover Method) — Two messages are initiated by the Sender to settle the funds. One message is to inform the creditor bank that funds are coming. And the other message (Cover) moves the funds between the correspondent accounts. Message Groups: Clearing & Settlement Party Cover Debtor A Debtor Agent B Intermediatory Agent 1 C Intermediatory Agent 2 Party Cover D Creditor Agent Creditor Clearing pacs.009 cov A D pacs.002 C B pacs.008 camt.054 pacs.009 cov pacs.002 pacs.009 cov pacs.002