MT517: (3) Field 23G: Function of the Message
FORMAT
| Option G | 4!c[/4!c] | (Function)(Subfunction) |
PRESENCE
Mandatory (referenced in rules C1 and C2) in mandatory sequence A
DEFINITION
This field identifies the function of the message.
CODES
Function must contain the following code:
CANC |
Cancellation Request |
Message requesting the cancellation of a previously sent message. |
NEWM |
New |
New message. |
CODES
Subfunction, when present, must contain one of the following codes:
CODU |
Copy Duplicate |
Message is a copy to a party other than the account owner/account servicer, for information purposes and the message is a duplicate of a message previously sent. |
COPY |
Copy |
Message is a copy to a party other than the account owner/account servicer, for information purposes. |
DUPL |
Duplicate |
Message is for information/confirmation purposes. It is a duplicate of a message previously sent. |
USAGE RULES
The function CANC must only be used by the Depository Trust Company (USA) to cancel same day affirmations. This is for audit purposes only and does not cancel the trade itself.
To cancel a previously sent message, Function is CANC. The reference in the linkages 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.
