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XML Message for Credit Transfer Initiation Implementation Guidelines2023 version 1.02Table of Contents 12Introduction .................................................................................................................................... 3 1.1Message Coverage .................................................................................................................. 41.2Usage of These Guidelines .................................................................
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Message coverage refers to the extent to which all types of communications, including messages and notifications, are examined and accounted for in a reporting process.
Typically, organizations or individuals who are subject to certain regulatory requirements or standards requiring transparency and accountability in their communications are required to file message coverage.
To fill out message coverage, gather all necessary communication data, categorize the messages based on type and relevance, and complete the relevant forms or reports as required by the governing body.
The purpose of message coverage is to ensure comprehensive oversight and management of communications, enabling organizations to assess their communication effectiveness and compliance with relevant regulations.
Information that must be reported on message coverage typically includes the nature of the messages, timestamps, participants involved, channels used, and any pertinent regulatory compliance details.
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