MT 103 Field Specifications

4. Field 23E: Instruction Code

FORMAT

Option E

4!c[/30x]

(Instruction) (Additional Information)

PRESENCE

Conditional (C3)

DEFINITION

This field specifies an instruction.

CODES

Instruction must contain one of the following codes (Error code(s): T47):

SDVA	Payment must be executed with same day value to the beneficiary.
INTC	The payment is an intra-company payment, ie, a payment between two companies belonging to the same group.
REPA	Payment has a related e-Payments reference.
CORT	Payment is made in settlement of a trade, eg, foreign exchange deal, securities transaction.
BONL	Payment is to be made to the beneficiary customer only.
HOLD	Beneficiary customer/claimant will call; pay upon identification.
CHQB	Pay beneficiary customer only by cheque. The optional account number line in field 59 must not be used.
PHOB	Please advise/contact beneficiary/claimant by phone.
TELB	Please advise/contact beneficiary/claimant by the most efficient means of telecommunication.
PHON	Please advise account with institution by phone.
TELE	Please advise account with institution by the most efficient means of telecommunication.
PHOI	Please advise the intermediary institution by phone.
TELI	Please advise the intermediary institution by the most efficient means of telecommunication.

NETWORK VALIDATED RULES

Additional Information is only allowed when Instruction Code consists of one of the following codes: PHON, PHOB, PHOI, TELE, TELB, TELI, HOLD or REPA (Error code(s): D97).

If this field is repeated, the codes must appear in the following order (Error code(s): D98):

SDVA

INTC

REPA

CORT

BONL

HOLD

CHQB

PHOB

TELB

PHON

TELE

PHOI

TELI

When this field is used more than once, the following combinations are not allowed (Error code(s): D67):

SDVA	with	HOLD
SDVA	with	CHQB
INTC	with	BONL
INTC	with	HOLD
INTC	with	CHQB
REPA	with	HOLD
REPA	with	CHQB
REPA	with	CORT BONL
REPA	with	CORT
CORT	with	HOLD BONL
CORT	with	HOLD
CORT	with	CHQB
HOLD	with	CHQB
PHOB	with	TELB
PHON	with	TELE
PHOI	with	TELI

If this field is repeated, the same code word must not be present more than once (Error code(s): E46).

USAGE RULES

This field may be repeated to give several coded instructions to one or more parties.

Code REPA indicates that the payment is the result of an initiation performed via an e-payments product between the customers. This code is intended for the beneficiary's bank who should act according to the specifications of the e-payments product.