MT 370 Field Specifications

3. Field 23G: Function of the Message

FORMAT

Option G

4!c[/4!c]

(Function)(Subfunction)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field identifies the function of the message.

CODES

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

AMND	Amendment	Amended Netting Position Advice message.
CANC	Cancellation	Cancelled Netting Position Advice message.
NEWM	New	New Netting Position Advice message.

CODES

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

CODU	Copy Duplicate	Message is a copy and a duplicate of a message previously sent.
COPY	Copy	Message is a copy.
DUPL	Duplicate	Message is for information/confirmation purposes. It is a duplicate of a message previously sent.

USAGE RULES

To cancel a previously sent MT 370 Netting Position Advice message, Function is CANC. The reference in the linkage sequence must contain the Sender's reference of the message to be cancelled. A copy of at least the mandatory fields of the message to be cancelled must be present; optional fields need not be present for SWIFT validation.

To replace a previously sent MT 370 Netting Position Advice message, Function is AMND. The reference in the linkage sequence must contain the Sender's reference of the message to be replaced.