MT 362 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 reset/advice with the amended one contained in this message. Used to add settlement agents to an MT 362 previously sent -or- to correct error(s) in an MT 362 previously sent.
CANC	Cancels a previously sent reset/advice. Used to cancel an MT 362 previously sent -or- to cancel an MT 362 which contains erroneous information.
DUPL	Duplicates the same previously sent reset/advice. Used to inform the Receiver that a reset/advice was already sent by telex, fax or SWIFT
NEWT	New reset/advice. Used to send an MT 362 for the first time -or- to send a corrected MT 362 when the erroneous one was cancelled using an MT 362 with function CANC.

USAGE RULES

When Function is AMND or CANC, the message must contain the full details of the reset/advice message to be amended or cancelled.

An amendment or cancellation message always refers to the previous confirmation identified in field 21.