This message is sent by the Receiver of an MT 202 COV, MT 205 COV or equivalent (for example ISO 20022 Financial Institution Credit Transfer), directly, or through correspondent(s), to the financial institution of the beneficiary institution.
It is only used to further transmit a funds transfer instruction related to an underlying customer credit transfer that was sent with the cover method, where Sender and Receiver are located in the same country.
The MT 205 COV must not be used for any other interbank transfer.
