MT 405 Field Specifications

17. Field 23E: Collection Type

FORMAT

Option E

4!c[/30x]

(Type) (Narrative)

PRESENCE

Conditional (C1)

DEFINITION

This field specifies the collection type to which the individual transaction in this occurrence of sequence B refers.

CODES

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

BACC	This transaction refers to an accepted bill of exchange
BAAV	This transaction refers to an accepted and avalised bill of exchange
BNAC	This transaction refers to a non-accepted bill of exchange
RCPT	This transaction refers to a receipt
PRNO	This transaction refers to a promissory note
OTHR	Used for a bilaterally agreed code 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).