MT370: (3) Field 23G: Function of the Message
FORMAT
| Option G | 4!c[/4!c] | (Function)(Subfunction) |
PRESENCE
Mandatory (referenced in rule C1) in mandatory sequence A
DEFINITION
This field identifies the function of the message.
CODES
Function must contain one of the following codes:
AMND |
Amendment |
Amended Netting Position Advice message. |
CANC |
Cancellation |
Cancelled Netting Position Advice message. |
NEWM |
New |
New Netting Position Advice message. |
CODES
When present, Subfunction must contain one of the following codes:
CODU |
Copy Duplicate |
Message is a copy and a duplicate of a message previously sent. |
COPY |
Copy |
Message is a copy. |
DUPL |
Duplicate |
Message is for information/confirmation purposes. It is a duplicate of a message previously sent. |
USAGE RULES
To cancel a previously sent MT 370 Netting Position Advice message, Function is CANC. The reference in the linkage sequence must contain the Sender's reference of the message to be cancelled. A copy of at least the mandatory fields of the message to be cancelled must be present; optional fields need not be present for SWIFT validation.
To replace a previously sent MT 370 Netting Position Advice message, Function is AMND. The reference in the linkage sequence must contain the Sender's reference of the message to be replaced.
