MT 256 Field Specifications

7. Field 23E: Reason for Non-Payment/Dishonour

FORMAT

Option E

4!c[/30x]

(Code) (Narrative)

PRESENCE

Mandatory

DEFINITION

This field indicates why a cheque was dishonoured.

CODES

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

AMAM	Amount exceeds the amount limit allowed for this account.
AMTL	Amount exceeds the truncation limit as defined in the bilateral agreement (min. or max. amount).
CLOS	Closed account.
COLN	Error in code line.
DRAW	Refer to drawer.
DUPL	Duplicate cheque information.
FRAU	Fraudulent cheque.
FROZ	(Legally) Frozen account.
FRWD	Forward dated cheque.
INCH	Cheque number invalid.
INSF	Insufficient funds.
INSI	Insufficient information.
INVA	Account number invalid.
NELI	Cheques not eligible for truncation.
NMAT	Currency and account do not match.
OTHR	Other followed by a bilaterally agreed code to specify a reason which is not covered by the above.
REVO	Revocation.
STLD	Stale cheque, ie, deposited too late relative to the issue date.
STOP	Stop payment of a cheque.

NETWORK VALIDATED RULES

Narrative may only be used in combination with the code OTHR (Error code(s): D81).

USAGE RULES

The code OTHR may only be used when bilaterally agreed. When used, Narrative must also be present.