For the actual transfer of funds or the confirmation of credits and debits, other messages outside Category 3 are available, such as the MTs 202/203/205, Financial Institution Transfer messages and the MTs 900/910/950, Confirmation of Debit/Credit and Statement, respectively.
In all cases, the common reference of the MT 300 must be quoted in the relevant reference field, ie, field 21 of the MTs 202, 203, 205. When an MT 202 covers the deal, the party identification fields 56a, 57a and 58a of the MT 300 directly map onto the same fields in the MT 202 with the exception of the account number, as the account number indicated in the party identification fields 56a and 57a of the MT 300 is serviced (not owned) by the party indicated in the same field.
The MT 300, split settlement is used when an amount is too big to be settled as a whole because of certain limits. The beneficiary is the same for each part.
When cancelling a previously sent message (field 22A is CANC) using MT 300:
field 21 must contain the reference, ie, the content of field 20, of the message containing the instruction to be cancelled;
the cancellation message must contain a copy of at least the mandatory fields of the general information and transaction details sequences.
Sending an MT 300 with code word CANC in field 22A, cancels both the underlying contract and the previously sent confirmation message as referred to in field 21 Related Reference.
To amend a previously sent message (field 22A is AMND):
field 21 must contain the reference, ie, the content of field 20, of the message containing the instruction to be amended;
the amendment message must contain both the unchanged and the changed/new fields of the original message;
the amendment message replaces the original message.
When the MT 300 is used to confirm the exercise of a foreign currency option, ie, when the preceding message was an MT 305 or an MT 306, field 21 should contain the contents of field 20 of the related MT 305 or MT 306.
For NDF reminders, an MT 399 should be used.
