Clearing & Settlement (pacs)Replaces MT 202 / MT 202 COV
pacs.009

FI Credit Transfer

CBPR+ identifier
pacs.009.001.08
Area
Clearing & Settlement (pacs)
MT equivalent
MT 202, MT 202 COV
Exchanged
Instructing agent → instructed agent (FI to FI, no customer parties).

Overview

pacs.009 replaces the MT 202 for financial-institution transfers. The CORE variant moves funds between banks (liquidity, margin, settlement). The COV variant accompanies a customer payment routed through a cover method: the pacs.008 goes down the serial chain while the pacs.009 COV settles the interbank leg, carrying the underlying customer details for transparency and sanctions screening.

Key elements

ElementNameNotes
CdtTrfTxInf/PmtId/UETRUETRMust match the underlying pacs.008 in the COV case.
CdtTrfTxInf/IntrBkSttlmAmtInterbank settlement amount
CdtTrfTxInf/UndrlygCstmrCdtTrfUnderlying customer credit transferCOV only — mirrors the pacs.008 party chain.

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