MT 304 Field Specifications

4. Field 22A: Type of Operation

FORMAT

Option A

4!c

(Function)

PRESENCE

Mandatory

DEFINITION

This field specifies the function of the message.

CODES

Function must contain one of the following codes (Error code(s): T36):

AMND	Replaces a previously sent instruction with the amended one contained in this message. Used to add settlement agents to an MT 304 previously sent -or- to correct error(s) in an MT 304 previously sent -or- to add optional sequences/fields to an MT 304 previously sent.
CANC	Cancels a previously sent instruction. Used to cancel an MT 304 previously sent -or- to cancel an MT 304 which contains erroneous information.
DUPL	Duplicates a previously sent instruction. Used to inform the custodian that an instruction was already sent by telex, fax or SWIFT.
NEWT	New advice/instruction. Used to send an instruction for the first time -or- to send a corrected MT 304 when the erroneous one was cancelled using an MT 304 with function CANC.