8.2.2 Generate Receive Messages

Receive messages are generated by the messaging sub-system when you receive payments from a counterparty.

You can configure receive messages to suit the medium of communication. Receive messages either be for the SWIFT or TELEX mediums.

SWIFT messages

You can generate SWIFT receive messages in the MT 210 format.

A SWIFT message provides the following information to the counterparty:

• The contract reference number
• The value date, currency code and the amount
• The counterparty
• Remarks

Telex messages

Telex messages contain the following information:

• The contract reference number
• The product description
• The currency
• The counterparty
• The contract amount
• The direction of funds
• The event code
• The event date
• The amount for the event
• The value date for the event
• The settlement account

Mail messages

Mail messages contain the following information:

• The contract reference number
• The payment currency
• The counterparty
• The address of the counterparty
• The contract amount
• The event date
• The amount for the event
• The value date for the event
• The settlement account