MT 405 Field Specifications

2. Field 23E: Collection Type

FORMAT

Option E

4!c[/30x]

(Type) (Narrative)

PRESENCE

Conditional (C1)

DEFINITION

This field specifies the collection type to which all transactions contained in this message refer.

CODES

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

BACC	This message refers to accepted bill(s) of exchange
BAAV	This message refers to accepted and avalised bill(s) of exchange
BNAC	This message refers to non-accepted bill(s) of exchange
RCPT	This message refers to receipt(s)
PRNO	This message refers to promissory note(s)
OTHR	Used for bilaterally agreed codes and/or information in cases where no code has been specified for the collection type. The actual bilateral code and/or information must be specified in Narrative (2nd subfield).

NETWORK VALIDATED RULES

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