Addressing Payments in T2

What You Can Do After This Chapter

Learning objective. Learner explains addressing in T2, distinguishes Direct, Indirect, Multi-addressee and Addressable BIC participation, and describes how the BAH and the instructed agent differ in routing. Learner uses real BIC examples and payment amounts to show how addressing works in practice.

Practical assessment. Learner receives a case where a bank in Milan must register a new indirect participant, a multi addressee branch, and an addressable BIC, then drafts the RTGS Directory entries, explains the difference between the BAH and the instructed agent, and checks a payment addressed to COBAESMXXXX through COBADEFFXXX. Learner also notes the cut off and liability rules that apply when a forwarded instruction carries an error.

Expected deliverables.

• RTGS Directory entries for Direct, Indirect and Multi-addressee participation
• Addressable BIC registration note
• Worked example: COBAESMXXXX addressed through COBADEFFXXX
• Diagram of BAH versus instructed agent routing

Completion criterion. Learner drafts correct RTGS Directory entries for each participation type and explains BAH and instructed agent differences with a worked COBAESMXXXX example. and the routing explanation is accurate and complete.