MT 365 Field Specifications

4. Field 22A: Type of Operation

FORMAT

Option A

4!c

(Function)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field specifies the function of the message.

CODES

Function must contain one of the following codes (Error code(s): T36):

AMND	Amendment	Replaces a previously sent message with the amended one contained in this message. Used to add settlement agents to an MT 365 previously sent or to correct error(s) in an MT 365 previously sent.
CANC	Cancellation	Cancels a previously sent message. Used to cancel an MT 365 previously sent or to cancel an MT 365 which contains erroneous information.
DUPL	Duplicate	Duplicates a previously sent confirmation. Used to inform the Receiver that a confirmation was already sent by telex, fax or SWIFT.
NEWT	New Confirmation	Used to send an MT 365 for the first time or to send a corrected MT 365 when the erroneous one was cancelled using an MT 365 with function CANC.

USAGE RULES

When Function is AMND or CANC, the message must reconfirm the full details of the confirmation which is cancelled.

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