PAC.008, PAC.009, and PAC.009 messages are all part of the SWIFT MT (Message Type) category for Payments Clearing and Settlement systems. These messages are used for the exchange of funds between financial institutions. Here’s a breakdown of the differences: In summary, PAC.008 is used for core payment instructions, PAC.009 (Advice) is used for payment notifications, and PAC.009 (Cover) is used for cover payment instructions involving an intermediary bank. The choice of message type depends on the specific requirements of the payment transaction and the involvement of intermediary banks. Continue reading What is the difference between pac.008 or pac.009 core, adv and cov messages?