| ISO20022

MT568: (4) Field 23G: Function of the Message

FORMAT

Option G

4!c[/4!c]

(Function)(Subfunction)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field identifies the function of the message.

CODES

Function must contain one of the following codes:

CANC	Cancellation Request	Message requesting the cancellation of a previously sent message.
NEWM	New	New message.
REPE	Eligible Balance Notification	Message reporting an eligible balance that may or may not include an entitlement calculation or a revised entitlement calculation.
REPL	Replacement	Message replacing a previously sent message.
RMDR	Reminder	Message sent as a reminder of an event taking place.
WITH	Withdrawal	Message sent to void a previously sent notification due to the withdrawal of the event or offer by the issuer.

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

To cancel or withdraw a previously announced corporate action event, Function is respectively CANC or WITH. The presence of the Sender's reference of the message to be cancelled (PREV) is not required in the linkages sequence. 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.