MT 566 Field Specifications

3. Field 23G: Function of the Message

FORMAT

Option G

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(Function) (Subfunction)

PRESENCE

Mandatory

DEFINITION

This field identifies the function of the message.

CODES

Function must contain one of the following codes (Error code(s): T86):

NEWM	New	New message.
NEWM	New	This is a new confirmation.
REVR	Reverse	This is a reversal of a posting on a previously sent confirmation.

CODES

Subfunction, when present, must contain one of the following codes (Error code(s): T85):

CODU	Copy Duplicate	This message is being sent as a copy to a party other than the account owner/account servicer, for information purposes and the message is a duplicate of a message previously sent.
COPY	Copy	This message is being sent as a copy to a party other than the account owner/account servicer, for information purposes.
DUPL	Duplicate	This message is for information/confirmation purposes. It is a duplicate of a message previously sent.

USAGE RULES

To reverse a posting on a previously sent message, Function is REVR. The reference in the linkage sequence must contain the Sender's reference of the message to be reversed.