Cross-settlement channel matching is a special feature for PSET. If either party submits CEDELULL (Clearstream Banking) and the counterparty submits MGTCBEBE (Euroclear) in the PSET field, the CTM platform does the following:
- L2 successfully matches
- Sets the FieldLevelMatchStatus to MATCHED (MACH)
Matching is also successful when the two parties submit the same values.