Cover Generation

To enable the Cover generation engine on a transaction processing flow, go to Configuration > Flow section:

• From the flows list screen, click on the flow for which you want to configure the Cover generation engine and click on Edit button, or click on Create a new flow.

• Click the Next button until you get to the Engines tab.

• Select the Cover Generation option.

  • Note that to see the Cover generation option, the Party Positioning option must be Instructing.

Party Positioning = Instructing

• Click the Next button to go to the Options tab. Select a Flow to be used to process the cover transaction generated.

• Click the Next button until you get to the Review tab. The Edit/Create button will now be active. Click the Edit/Create button to save your changes.

A Cover payment will be generated automatically once the credit or bank transfer fulfills cover generation logic with the Cover generation engine and Options for cover generation configured.

For Cover payments, new transaction details are available and visible in the following tabs:

• Underlying transaction details: A new underlying section is available in the Transaction details tab of a cover payment.

• Underlying participants tab: An underlying participants tab is added to the Transaction details. This tab contains all cover-specific information.

• Related transactions tab: A related transactions tab is available in the Transaction details to show the related original customer credit transfer or the related cover payment.

Using the Pre-filled Options in manual entry, cover payments can be created based on the original payment.

With the option Create a cover from an existing transaction selected, a required Cover field is displayed to fill in the transaction UETR to be covered.

• Enter the transaction UETR to be covered.

This is usually a Customer Credit Transfer Transaction UETR. However, note that not every transactions can generate a cover payment. Cover payments can only be generated for Customer Credit Transfer transactions with the Instructing Reimbursement Agent.

• Click on Fill. A new window with available transactions is displayed.

• The underlying section is displayed in the Manual Entry screen allowing you to fill in the underlying details.

• Select a transaction for which you want to create a Cover payment:

  • If the cover payment has been sent once, an error will popup.

  • If the cover payment has never been sent, a cover will be created for the transaction.

The Pre-filled options and the Cover fields are disabled once a transaction to be covered is found.