 Option E |
4!c[/30x] |
(Instruction Code)(Additional Information) |
Optional in mandatory sequence B
This field specifies instructions for the subsequent parties in the transaction chain.
Instruction Code must contain one of the following codes (Error code(s): T47):
| CMSW |
Sweep the account |
This transaction contains a cash management instruction, requesting to sweep the account of the ordering institution. |
| CMTO |
Top the account |
This transaction contains a cash management instruction, requesting to top the account of the ordering institution above a certain floor amount. The floor amount, if not pre-agreed by the parties involved, may be specified after the code. |
| CMZB |
Zero balance the account |
This transaction contains a cash management instruction, requesting to zero balance the account of the ordering institution. |
| CORT |
Corporate trade |
Payment is made in settlement of a trade, for example, foreign exchange deal, securities transaction. |
| NETS |
Net Settlement System |
This transaction contains a payment that should be settled via a net settlement system, if available. |
| OTHR |
Other |
Used for bilaterally agreed codes/information. The actual bilateral code/information needs to be specified in Additional Information. |
| PHON |
Telephone |
This transaction requires the beneficiary to be contacted by telephone and should be followed by the appropriate telephone number. This code is meant for the institution closest to the beneficiary institution. |
| RTGS |
RTGS payment |
This transaction contains a payment that should be settled via a real time gross settlement system, if available. |
| URGP |
Urgent Payment |
This transaction contains a time-sensitive payment which should be executed in an expeditious manner. |
Additional Information is only allowed when Instruction Code consists of one of the following codes: CMTO, PHON or OTHR (Error code(s): D66).
In each occurrence of sequence B: when this field is used more than once, the following combinations are not allowed (Error code(s): D67).
| CMSW |
with |
CMTO |
| CMSW |
with |
CMZB |
| CMTO |
with |
CMZB |
| CORT |
with |
CMSW |
| CORT |
with |
CMTO |
| CORT |
with |
CMZB |
| NETS |
with |
RTGS |
In each occurrence of sequence B: when this field is repeated, the same code word must not be present more than once with the exception of OTHR. The code word OTHR may be repeated (Error code(s): E46).
To facilitate the receiving bank's processing when multiple codes are used, the codes must appear in the following order:
instructions for the receiver of the message (CMSW, CMTO, CMZB, CORT, URGP)
codes impacting the routing or composition of the resulting payment message (NETS, RTGS)
codes containing instructions for one of the following parties in the transaction chain (PHON)
information codes ( OTHR)
