KTT Telex Funds Transfer Structure
This diagram illustrates a possible transfer structure involving authenticated KTT Telex instructions and settlement via MT 202 COV. The channels, message formats, and participating banks depend on the procedure agreed upon in advance. Receipt of an instruction does not, in itself, constitute confirmation of the receipt or availability of funds. In the illustrated workflow, the beneficiary’s account is credited after settlement has been confirmed and reconciled and all applicable checks have been completed. Availability is subject to eligibility, KYC/AML, sanctions screening, transaction monitoring, corridor and counterparty acceptance, and final bank approval.
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